Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid for Preferred Shares
Retrieved on:
Thursday, August 18, 2022
As of August 12, 2022, under its current normal course issuer bid that commenced on August 20, 2021 and will expire on August 19, 2022, and which was approved by the TSX, Brookfield has not made any purchases of the Preferred Shares.
Key Points:
- As of August 12, 2022, under its current normal course issuer bid that commenced on August 20, 2021 and will expire on August 19, 2022, and which was approved by the TSX, Brookfield has not made any purchases of the Preferred Shares.
- Brookfield is renewing its normal course issuer bid because it believes that, from time to time, the Preferred Shares may trade in price ranges that do not fully reflect their value.
- Brookfield believes that, in such circumstances, acquiring the Preferred Shares represents an attractive and desirable use of its available funds.
- Brookfield will enter into an automatic share purchase plan on or about the week of September 19, 2022 in relation to the normal course issuer bid.