Brookfield Asset Management Announces Automatic Purchase Plan
TORONTO, ONTARIO -- (Marketwired) -- 07/09/13 -- Brookfield Asset
Management Inc. (NYSE:BAM)(TSX:BAM.A)(EURONEXT:BAMA) today announced
that, in connection with its previously announced normal course
issuer bid program, it will enter into an automatic purchase plan
with its designated broker to allow for purchases of its Class A
Limited Voting Shares 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, shares
will be repurchased in accordance with management's discretion,
subject to applicable law.
Under its normal course issuer bid which expires on April 22, 2014,
Brookfield may purchase up to 53,571,157 Class A Limited Voting
Shares. Purchases under the bid can be made through the facilities of
the Toronto Stock Exchange (the "TSX"), the New York Stock Exchange
and any other applicable stock exchange. In accordance with the rules
of the TSX, any daily purchases on the TSX under this bid (other than
pursuant to a block purchase exemption) will be limited to 195,080
Class A Limited Voting Shares.
Brookfield Asset Management Inc. is a global alternative asset
manager with over $175 billion in assets under management. The
company has over a 100-year history of owning and operating assets
with a focus on property, renewable power, infrastructure and private
equity. It has a range of public and private investment products and
services, which leverage its expertise and experience and provide
Brookfield with a competitive advantage in the markets where it
operates. Brookfield is co-listed on the New York and Toronto stock
exchanges under the symbol BAM and BAM.A, respectively, and on NYSE
Euronext under the symbol BAMA. For more information, please visit
our website at www.brookfield.com.For more information, please visit
our web site at www.brookfield.com
Note: This press release contains 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, and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended. Words such as "propose"
and "believe," conditional verbs such as "will" and "may," and other
expressions which 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 Limited Voting Shares
under its normal course issuer bid and automatic 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 Limited Voting 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 "Operating Capabilities, 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.
Brookfield Asset Management Inc.
Communications and Media
Brookfield Asset Management Inc.
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