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    BAM.A   CA1125851040

BROOKFIELD ASSET MANAGEMENT INC.

(BAM.A)
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Delayed Toronto Stock Exchange  -  04:15 2022-06-24 pm EDT
58.87 CAD   +2.15%
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Brookfield Property Partners Extends Deadline for Joint Tax Election on Privatization Transaction for Eligible Unit holders

03/14/2022 | 09:08am EDT

BROOKFIELD NEWS - Brookfield Asset Management Inc. ('BAM') (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. ('BPY') today announced that they have agreed to extend the deadline for the submission of the joint tax election form made available to eligible Canadian unitholders of Brookfield Property Partners (BPY), who participated in the privatization transaction of BPY, completed on July 26th, 2021.

In connection with the transaction, unitholders who are eligible and who made an election for a tax deferred rollover treatment on the exchange of their BPY units for BAM shares, as a result of electing the BAM Share Alternative or the Combination Alternative or by virtue of proration, are able to file a joint tax election form.

Rollover treatment as described above only applies to any BAM shares received by eligible unitholders in the transaction and is not applicable to any cash or BPY preferred units that unitholders may have received.

The joint tax election deadline has been extended through Thursday, March 31st, 2022, and the corresponding form must be properly completed prior to this deadline.

Brookfield Asset Management Inc. is a leading global alternative asset manager with approximately US$690 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world-including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the NYSE and the TSX under the symbols BAM and BAM.A, respectively.

Brookfield Property Partners is one of the world's premier real estate companies. We own and operate iconic properties in the world's major markets, and our global portfolio includes office, retail, multifamily, logistics, hospitality, manufactured housing and student housing. Brookfield Property Partners is a subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with approximately US$690 billion in assets under management.

Contact:

Linda Northwood

Tel: (416) 359-8647

Email: Linda.Northwood@brookfield.com

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD ASSET MANAGEMENT INC. 2.15% 58.87 Delayed Quote.-22.93%
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Financials (USD)
Sales 2022 83 493 M - -
Net income 2022 - - -
Net Debt 2022 142 B - -
P/E ratio 2022 14,2x
Yield 2022 1,23%
Capitalization 71 527 M 71 527 M -
EV / Sales 2022 2,55x
EV / Sales 2023 2,47x
Nbr of Employees 180 000
Free-Float 80,1%
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Mean consensus BUY
Number of Analysts 12
Last Close Price 45,58 $
Average target price 61,71 $
Spread / Average Target 35,4%
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Managers and Directors
James Bruce Flatt Chief Executive Officer & Director
Nicholas Goodman Chief Financial Officer & Senior Managing Partner
Frank J. McKenna Chairman
Dominic Dodds Managing Director-Technology
Lori A. Pearson Chief Operating Officer & Senior Managing Partner
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