DBRS Rates Brookfield Asset Management’s Planned $150 Million Issue Pfd-2 (low), Stable

DBRS has today assigned a rating of Pfd-2 (low) to the $150 million 5.40% cumulative five-year rate-reset preference shares, Series 24 (the Series 24 Preferred Shares), issued by Brookfield Asset Management Inc. (Brookfield). The trend is Stable.

The Series 24 Preferred Shares rank on parity with every other series of Brookfield’s preferred shares.

The proceeds from this issue will be used for general corporate purposes,

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is General Rating Methodology for Non-Financial Companies, which can be found on our website under Methodologies.

This is a Corporate rating.