Toronto CANADA, September
26, 2007 – Brookfield
Asset Management Inc. (NYSE/TSX: BAM) today
announced that it has acquired 2,600,000
units of Acadian Timber Income Fund (“Acadian”)
(TSX: ADN.UN) through a wholly-owned affiliate.
This acquisition brings the total number
of units beneficially owned by Brookfield
to 7,513,262 on a fully-diluted basis, which
represents 45.3% of the outstanding units
of Acadian.
The purchases were made through the facilities
of the Toronto Stock Exchange and the shares
were acquired for investment purposes.
***
About Brookfield Asset Management
Brookfield Asset Management Inc. (NYSE/TSX:BAM),
focused on property, power and infrastructure assets, has over
US$75 billion of assets under management and is co-listed on the
New York and Toronto Stock Exchanges under the symbol BAM. For
more information, please visit Brookfield’s website at www.brookfield.com.
Contact
For additional information, please contact:
Denis Couture
SVP, Investor Relations and Corporate and
International Affairs
Brookfield Asset Management
(416) 956-5189
dcouture@brookfield.com
Note: This press release contains forward-looking
information within the meaning of Canadian provincial securities
laws and other “forward-looking
statements” within the meaning of Section 27A of the U.S. Securities
Act of 1933, as amended, Section 21E of the U.S. Securities Exchange
Act of 1934, as amended, “safe harbor” provisions of
the United States Private Securities Litigation Reform Act of 1995
and in any applicable Canadian securities regulations. The words “anticipated,” “will” and
other expressions which are predictions of
or indicate future events, trends or prospects and which do not relate
to historical matters identify forward-looking statements. The reader
should not place undue reliance on forward-looking statements and
information because they involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the company to differ materially from anticipated
future results, performance or achievement expressed or implied by
such forward-looking statements and information.
Factors that could cause actual results
to differ materially from those contemplated or implied by forward-looking
statements include: economic and financial conditions in the countries
in which we do business; the behaviour of financial markets, including
fluctuations in interest and exchange rates; availability of equity
and debt financing; the ability to effectively integrate acquisitions
into existing operations and the ability to attain expected benefits;
regulatory and political factors within the countries in which
the company operates; and other risks and factors detailed from
time to time in the company’s
form 40-F filed with the Securities and Exchange Commission as well
as other documents filed by the company with the securities regulators
in Canada and the United States included in the Annual Information
Form under the heading “Business Environment and Risks”.
We caution that the foregoing list of important factors that may
affect future results is not exhaustive. When relying on our forward-looking
statements to make decisions with respect to Brookfield Asset Management,
investors and others should carefully consider the foregoing factors
and other uncertainties and potential events. The company undertakes
no obligation to publicly update or revise any forward-looking statements
or information, whether written or oral, that may be as a result
of new information, future events or otherwise.
