Brookfield Asset Management sets 109.974 price to redeem 8.95% notes

New York, Oct. 10 - Brookfield Asset Management Inc. will pay 109.974 to redeem C$350 million of its C$500 million 8.95% notes due June 2, 2014, according to a news release.

Holders will also receive C$33.07 of accrued interest per C$1,000 of notes for a total price of C$1,131.01 per C$1,000.

As announced on Sept. 13, the notes will be redeemed on Oct. 15.

The company said the notes will be redeemed on a pro-rata basis so that 70% of each holder's notes will be redeemed.

Computershare Trust Co. of Canada is the trustee.

Toronto-based Brookfield is a publicly owned asset management holding company.

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