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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Brookfield Asset Management Completes $250 Million Preference Share Offering

2010

Areas Corporate Finance and Securities, Private Equity, Tax

Summary

Goodmans represented the underwriters in connection with Brookfield Asset Management Inc.’s (“Brookfield”) completion of an offering of 10,000,000 Preference Shares, Series 26 at a price of $25.00 per share, for aggregate gross proceeds of $250,000,000. Holders of the Preference Shares, Series 26 will be entitled to receive a cumulative quarterly fixed dividend yielding 4.50% annually for the initial period ending March 31, 2017. Thereafter, the dividend rate will be reset every five years at a rate equal to the 5-year Government of Canada bond yield plus 2.31%.

The offering was underwritten by a syndicate of underwriters led by CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Brookfield Financial Corp., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Corporation and Macquarie Capital Markets Canada Ltd.