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Brookfield Asset Management Q4 FFO Down

Brookfield Asset Management Inc. (BAM, BAM_A.TO) reported that its funds from operations for the fourth-quarter declined to $826 million or $0.80 per share from $1.085 billion or $1.07 per share in the prior year.

Net income for the quarter grew to $1.756 billion or $0.91 per share from $941 million or $0.11 per share in the prior year.

The Board declared a quarterly dividend of US$0.16 per share (representing US$0.64 per annum), payable on December 31, 2019 to shareholders of record as at the close of business on November 29, 2019.

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