Brookfield Asset Management Issues US$150 Milli...
TORONTO, ONTARIO--(Marketwire - October 24, 2008) - Brookfield Asset
Management Inc. (TSX: BAM)(NYSE: BAM)(AEX: BAMA) announced today that
it has issued US$150 million of unsecured term debt comprising US$75
million of 5-year 6.65% notes and US$75 million of 4-year 6.4% notes
pursuant to a private placement.
Brookfield Asset Management Inc., focused on property, power and
infrastructure assets, has approximately $95 billion of assets under
management and is co-listed on the New York and Toronto Stock
Exchanges under the symbol BAM and on Euronext under the symbol BAMA.
For more information, please visit our web site at
www.brookfield.com.
For more information, please visit our web site at
www.brookfield.com.
Note: This press release may contain forward-looking information
within the meaning of Canadian provincial securities laws and other
"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. Although
Brookfield Asset Management believes that the company's anticipated
future results, performance or achievements expressed or implied by
the forward-looking statements and information are 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:
economic and financial conditions in the countries in which we do
business; the behaviour of financial markets, including fluctuations
in interest and exchange rates; market demand for an infrastructure
company, which is unknown; ability to compete for new acquisitions in
the competitive infrastructure space; availability of equity and debt
financing; strategic actions including dispositions; the ability to
effectively integrate acquisitions into existing operations and the
ability to attain expected benefits; the company's continued ability
to attract institutional partners to its Specialty Investment Funds;
adverse hydrology conditions; regulatory and political factors within
the countries in which the company operates; acts of God, such as
earthquakes and hurricanes; the possible impact of international
conflicts and other developments including terrorist acts; and other
risks and factors detailed from time to time in the company's form
40-F filed with the Securities and Exchange Commission as well as
other documents filed by the company with the securities regulators
in Canada and the United States included in the Annual Information
Form under the heading "Business Environment and Risks".
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
Brookfield Asset Management, investors and others should carefully
consider the foregoing factors and other uncertainties and potential
events. Except as required by law, the company undertakes no
obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as a
result of new information, future events or otherwise.
Contacts:
Brookfield Asset Management
Denis Couture, SVP,
Investor Relations and Corporate and International Affairs
(416) 956-5189
(416) 363-2856 (FAX)
Email: dcouture@brookfield.com
Website: www.brookfield.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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