Brookfield Asset Management Announces Normal Course Issuer Bid, Up To 9.2% Of Class A Shares (BAM)

Brookfield Asset Management BAM today announced that it has received approval from the Toronto Stock Exchange for its proposed normal course issuer bid to purchase up to 50,000,000 Class A Limited Voting Shares, representing approximately 9.2% of the public float of the company's outstanding Class A Shares. Purchases pursuant to the bid will be made through the facilities of the TSX, the New York Stock Exchange and any other applicable stock exchange. The period of the normal course issuer bid will extend from April 21, 2011 to April 20, 2012, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased through the facilities of the TSX, the NYSE and any other applicable stock exchange. All Class A Shares acquired by Brookfield under this bid will be cancelled.