Jan
06
Brookfield Files for $525 Million Spinoff of Private Equity Arm
By-
Company to issue 21 million units for expected $25 each
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Each existing shareholder will recieve one unit for 50 shares
Brookfield Asset Management Inc., Canada’s biggest alternative asset manager, plans to pay a special dividend of about $525 million from the spin out of its private equity arm, according to a regulatory filing, more than originally planned.
Toronto-based Brookfield intends to issue 21 million limited partnership units in Brookfield Business Partners LP for an expected value of $25 a piece, it said in a filing with U.S. regulators on Dec. 21…
Brookfield Files for $525 Million Spinoff of Private Equity Arm
