DBRS: Brookfield Asset Management’s Planned $150 Million Issue Increased to $275 Million

DBRS notes that Brookfield Asset Management Inc. (Brookfield) has increased to $275 million the size of its 5.40% cumulative five-year rate-reset preference shares, Series 24 (the Series 24 Preferred Shares), issue announced earlier today. The rating remains Pfd-2 (low) with a Stable trend.

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.