Brookfield Asset Management calls C$350 million of 8.95% notes

By Ashley Montgomery

Kansas City, Kan., Sept. 13 - Brookfield Asset Management Inc. will redeem C$350 million of its C$500 million 8.95% notes due June 2, 2014, according to a news release.

The notes will be redeemed on Oct. 15.

The redemption price will be determined according to the trust indenture of the notes. The price will include accrued interest up to the redemption date.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.