DBRS Rates Brookfield Asset Management’s New Preferred Shares Issue at Pfd-2 (low), Stable Trend

DBRS has today assigned a rating of Pfd-2 (low) to the $300 million 4.5% Cumulative Class A Rate-Reset Preference Shares, Series 32 (the Series 32 Preferred Shares), issued today by Brookfield Asset Management Inc. (Brookfield). The trend is Stable.

The Series 32 Preferred Shares will rank pari passu with all other series of Brookfield’s preferred shares. Proceeds will be used primarily to redeem its $250 million Class A Preference Shares, Series 10. The remaining proceeds are expected to be used for general corporate purposes.

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

The applicable methodology is DBRS Criteria: Rating Parent/Holding Companies and Their Subsidiaries, which can be found on our website under Methodologies.