ReutersReuters

Brookfield Asset Management Asset Management Business Spinoff

Brookfield Asset Management Reinsurance Partners Ltd (BAMR.N):

  • BROOKFIELD ASSET MANAGEMENT INC ASSET MANAGEMENT BUSINESS SPINOFF

  • BROOKFIELD ASSET MANAGEMENT AND BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS CL A EXCHANGEABLE WILL SPINOFF ITS ASSET MANAGEMENT BUSINESS

  • COS WILL SPINOFF ASSET MANAGEMENT BUSINESS TO SHAREHOLDERS AT A RATIO OF 1 SHARE OF SPINCO FOR EVERY 4 CLASS A SHARES

  • IMMEDIATELY POST SPINOFF, BROOKFIELD ASSET MANAGEMENT WILL BE RENAMED AS BROOKFIELD CORPORATION AND TRADE UNDER NEW TICKER SYMBOL BN

  • SHARES ARE EXPECTED TO COMMENCE TRADING DECEMBER 12, 2022

  • SPINCO WILL ASSUME TICKER BAM AND NAME BROOKFIELD ASSET MANAGEMENT

  • SPDJI WILL TREAT THIS AS A ZERO PRICE SPINOFF

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