Brookfield Asset Management Inc. Declares Quarterly Dividend, Payable on March 31, 2020; Announces Management and Board Changes
February 13, 2020 at 06:55 am EST
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The Board of Brookfield Asset Management Inc. declared a quarterly dividend of USD 0.18 per share (representing USD 0.72 per annum), payable on March 31, 2020 to shareholders of record as at the close of business on February 28, 2020. This represents an increase of approximately 12% over the current quarterly dividend rate and equates to a quarterly dividend of USD 0.12 per share on a post-split basis. The first dividend payable post-split will occur on June 30, 2020, subject to Board approval.
The Board also announced the appointment of Nicholas Goodman as Chief Financial Officer. Mr. Goodman joined Brookfield in London in 2010 and has since held a number of senior finance roles across the organization, most recently as Treasurer for Brookfield Asset Management, directing global corporate finance, treasury operations and financial risk management. Prior to that, he was Chief Financial Officer of Brookfield Renewable Partners. Mr. Goodman succeeds Brian Lawson as Chief Financial Officer. Mr. Lawson will continue to serve as a director of Brookfield and will provide guidance and advice on the company's finance and risk management activities as a Vice Chair.
The Board also approved the appointment of Howard Marks, co-Chairman of Oaktree Capital Group, to the Board. Mr. Marks, who founded Oaktree in 1995, has been a leader in the alternative asset management industry for decades. To facilitate Mr. Marks' appointment to the Board, Robert Harding, who has been with Brookfield for over 35 years, and served as a director of Brookfield Asset Management for more than 20 years, retired from the Board.
Brookfield Corporation is an owner and operator of real assets. It is focused on compounding capital over the long term to earn attractive total returns for its shareholders. Its operating segments include the asset management business and insurance solutions business. Its operating businesses include Renewable Power and Transition business, which includes the ownership, operation, and development of hydroelectric, wind, utility-scale solar power generating assets and distributed energy and sustainable solutions; Infrastructure business, which includes the ownership, operation and development of utilities, transport, midstream, and data assets; Private Equity business, which is focused on the ownership and operation of business services and industrial operations; Real Estate business , which includes the ownership, operation and development of core and transitional and development investments, and Corporate Activities, which include the investment of cash and financial assets.
BROOKFIELD CORPORATION 
