Brookfield Asset Management Inc (BAM)

[Investorman]

Brookfield Announces Additional Information Regarding its Three-For-Two Stock Split
Tuesday May 22, 1:52 pm ET


TORONTO, ONTARIO--(MARKET WIRE)--May 22, 2007 -- Brookfield Asset Management Inc. (Toronto:BAM.TO - News)(NYSE:BAM - News) announced that its Class A Limited Voting Shares ("Class A Shares") commenced trading on the Toronto Stock Exchange ("TSX") at the start of business today, Tuesday, May 22, 2007, on an ex-dividend basis to reflect the three-for-two stock split announced on May 2, 2007. Brookfield will implement this stock split by issuing on or about June 1, 2007, stock dividends representing one additional Class A Share for every two Class A and Class B Limited Voting Shares held by shareholders of record at the close of business on May 24, 2007. Fractional shares will be paid in cash based on the closing price of a Class A Share on the TSX on May 24, 2007.

The Corporation's Class A Shares listed on the New York Stock Exchange ("NYSE") will commence trading ex-dividend in regard to this stock split on the first business day after the distribution of the stock dividend, which is expected to be Monday, June 4, 2007. Trading in the Class A Shares on NYSE from the start of business on May 22, 2007 up to and including the dividend distribution date will be on a "due-bill" basis, entitling holders to one additional Class A Share for every two Class A Shares held on the record date.

The quarterly dividend payable on Brookfield's Class A Shares, which is now US$0.18 per share, will be adjusted to reflect this stock split commencing with the dividend payable on August 31, 2007. On a post-split basis, the dividend per subdivided Class A Share will be US$0.12 and will be paid to shareholders of record at the close of business on August 1, 2007.