Brookfield Asset Management Inc. (BAM, BAM_A.TO) announced that it has exercised its right to redeem C$350 million principal amount of its C$500 million 8.95% Notes due June 2, 2014 on October 15, 2012. The Notes will be redeemed on a pro rata basis, such that each Note holder of record on October 1, 2012 will have 70% of their Notes redeemed.
The company said that the redemption price for the Notes will be determined in accordance with the provisions of the trust indenture dated September 20, 1995 and the eleventh supplemental indenture dated June 2, 2009 and will include accrued and unpaid interest on the Notes up to, but not including, the redemption date.
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