Brookfield Asset Management Asset Management Business Spinoff

Published on December 03, 2022 09:28 AM AEDT

Brookfield Asset Management Asset Management Business Spinoff — Image source: ©2022 Kalkine Media®

Dec 2 (Reuters) - Brookfield Asset Management Reinsurance Partners Ltd:

* 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 Source text for Eikon: Further company coverage:

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