Brookfield Asset Management to redeem all series 10 class A preferreds

By Tali David

Minneapolis, March 5 - Brookfield Asset Management Inc. intends to redeem all of its outstanding class A preference shares, series 10, the company announced in a press release.

The preferreds will be redeemed for C$25 each plus accrued dividends on April 5.

The company will use the proceeds of its planned C$250 million issue of class A preferreds, series 32, to the fund the redemption.

Toronto-based Brookfield is a publicly owned asset management holding company.

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