Brookfield Asset Management Announces Pricing of US$150 Million Re-Opening of 4.350% Notes Due April 15, 2030

BROOKFIELD NEWS, April 09, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the pricing of a US$150 million re-opening of its 4.350% notes due 2030 (the “additional notes”) due to investor demand.

The additional notes will form part of the same series as the already outstanding US$600 million principal amount of 4.350% notes due 2030 (the “existing notes”), which were announced on April 7, 2020 and issued on April 9, 2020. After giving effect to the re-opening, the aggregate principal amount of the series will be US$750 million. The terms of the additional notes will be identical to the existing notes, other than the issue date and issue price. The additional notes will be issued at a price equal to 99.878% of their face value plus accrued and unpaid interest from April 9, 2020 (the issue date of the existing notes) through, but excluding, the date of delivery of such notes, with an effective yield of 4.365%, if held to maturity.

The additional notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the additional notes will be used for general corporate purposes. The re-opening is expected to close on or about April 14, 2020.

The notes will be offered under Brookfield Finance Inc.’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission on January 31, 2020, as amended on February 11, 2020. The offering will be made only by means of a prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR at www.sec.gov or on SEDAR at www.sedar.com. Before you invest, you should read these documents and other public filings by Brookfield for more complete information about Brookfield and this offering.

Alternatively, copies can be obtained from:

Deutsche Bank Securities Inc. 60 Wall Street New York, New York 10005-2836 Telephone: [phone] Email: [e-mail]

HSBC Securities (USA) Inc. Attn: Transaction Management Group HSBC Securities (USA) Inc. 452 Fifth Avenue, New York, NY 10018 Telephone: + 866-811-0049 Email: [e-mail]