Brookfield Asset Management to redeem all series 22 class A preferreds

By Tali Rackner

Norfolk, Va., Mary 27 - Brookfield Asset Management Inc. plans to redeem all of its series 22 class A preferred shares, according to a news release.

The preferreds will be redeemed at C$25 per share on Sept. 30.

Proceeds from a new issue of series 40 shares will be used to partially fund the redemption.

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

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