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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Brookfield Asset Management Inc | TSX:BAM.A | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 58.88 | 58.74 | 59.06 | 0 | 01:00:00 |
Under the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the Preferred Shares as follows:
Series | Ticker | Issued andoutstandingshares¹ | Public float¹ | Averagedailytradingvolume² | Maximum number ofsharessubject to purchase³ | |
Total | Daily | |||||
Series 2 | BAM.PR.B | 10,457,685 | 10,220,175 | 5,279 | 1,022,018 | 1,319 |
Series 4 | BAM.PR.C | 3,995,910 | 3,983,910 | 3,405 | 398,391 | 1,000 |
Series 8 | BAM.PR.E | 3,321,486 | 3,320,486 | 1,409 | 332,049 | 1,000 |
Series 9 | BAM.PR.G | 4,670,680 | 1,177,580 | 171 | 117,758 | 1,000 |
Series 13 | BAM.PR.K | 9,640,096 | 8,792,596 | 5,061 | 879,260 | 1,265 |
Series 17 | BAM.PR.M | 7,840,204 | 7,840,204 | 3,351 | 784,020 | 1,000 |
Series 18 | BAM.PR.N | 7,866,749 | 7,681,088 | 4,318 | 768,109 | 1,079 |
Series 24 | BAM.PR.R | 10,808,027 | 10,808,027 | 3,879 | 1,080,803 | 1,000 |
Series 26 | BAM.PR.T | 9,770,928 | 9,770,928 | 7,454 | 977,093 | 1,863 |
Series 28 | BAM.PR.X | 9,233,927 | 9,233,927 | 11,051 | 923,393 | 2,762 |
Series 30 | BAM.PR.Z | 9,787,090 | 9,787,090 | 10,069 | 978,709 | 2,517 |
Series 32 | BAM.PF.A | 11,750,299 | 11,750,299 | 9,239 | 1,175,030 | 2,309 |
Series 34 | BAM.PF.B | 9,876,735 | 9,876,735 | 5,167 | 987,674 | 1,291 |
Series 36 | BAM.PF.C | 7,842,909 | 7,842,909 | 3,232 | 784,291 | 1,000 |
Series 37 | BAM.PF.D | 7,830,091 | 7,830,091 | 4,276 | 783,009 | 1,069 |
Series 38 | BAM.PF.E | 7,906,132 | 7,906,132 | 2,391 | 790,613 | 1,000 |
Series 40 | BAM.PF.F | 11,841,025 | 11,841,025 | 6,834 | 1,184,103 | 1,708 |
Series 42 | BAM.PF.G | 11,887,500 | 11,887,500 | 2,548 | 1,188,750 | 1,000 |
Series 44 | BAM.PF.H | 9,831,929 | 9,831,929 | 4,775 | 983,193 | 1,193 |
Series 46 | BAM.PF.I | 11,740,797 | 11,740,797 | 7,325 | 1,174,080 | 1,831 |
Series 48 | BAM.PF.J | 11,885,972 | 11,885,972 | 6,042 | 1,188,597 | 1,510 |
As of August 12, 2022, under its current normal course issuer bid that commenced on August 20, 2021 and will expire on August 19, 2022, and which was approved by the TSX, Brookfield has not made any purchases of the Preferred Shares.
Brookfield is renewing its normal course issuer bid because it believes that, from time to time, the Preferred Shares may trade in price ranges that do not fully reflect their value. Brookfield believes that, in such circumstances, acquiring the Preferred Shares represents an attractive and desirable use of its available funds.
Brookfield will enter into an automatic share purchase plan on or about the week of September 19, 2022 in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of Preferred Shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, the Preferred Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law.
Brookfield Asset Management Inc.Brookfield Asset Management is a leading global alternative asset manager with approximately US$750 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A, respectively.
For more information, please visit our website at www.brookfield.com or contact:
Kerrie McHughCommunications & MediaTel: (212) 618-3469Email: kerrie.mchugh@brookfield.com | Linda NorthwoodInvestor RelationsTel: (416) 359-8647Email: linda.northwood@brookfield.com |
Forward-Looking Statements
Note: This news release contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The word “believe”, conditional verbs such as "will", “may” and derivations thereof and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements.
Forward-looking information in this news release includes statements with regards to potential future purchases by Brookfield of its Class A Preference Shares pursuant to the company’s normal course issuer bid and automatic share purchase plan. Although Brookfield believes that the anticipated future results or achievements expressed or implied by the forward-looking statements and information is based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: general economic conditions; interest rate changes; availability of equity and debt financing; the performance of the Class A Preference Shares or the stock exchanges generally; and other risks and factors described from time to time in the documents filed by the company with the securities regulators in Canada and the United States including in Management’s Discussion and Analysis under the heading “Business Environment and Risks”. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
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