Brookfield Announces Reset Dividend Rate on Its Series 9 Preferred Shares

From: CCNMatthews Newswire | Date: October 11, 2006 | Copyright information

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2006) - Brookfield Asset Management Inc. (TSX:BAM)(NYSE:BAM) today announced that the dividend rate on its Class A Preference Shares, Series 9 (the "Series 9 Preferred Shares") (TSX:BAM.PR.G) for the five years commencing November 1, 2006 and ending October 31, 2011 will be reset at 4.35% per annum. This represents 108% of the interpolated yield, calculated as of October 11, 2006 at 10:00 a.m. (Toronto time), on the 3.75% Government of Canada bond due September 1, 2011 and the 5.25% Government of Canada bond due June 1, 2012. The dividend will be ...

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