Brookfield Asset Management Announces Results of Annual Meeting of Shareholders

Rhea-AI Summary

Brookfield Asset Management (BAM.A) announced on June 15, 2020, that all eight nominees for its board of directors were successfully elected during the shareholders' annual meeting held virtually on June 12, 2020. The election results highlighted significant support for the nominated directors, with voting percentages ranging from 95.69% to 99.90% for Class A Shares. With over US$515 billion in assets under management, Brookfield continues to be a significant player in the global alternative asset management sector.

Positive

• All eight board nominees for Class A and Class B Shares were elected with strong majority votes.
• Brookfield manages over US$515 billion in assets, showcasing its financial strength.

Negative

• None.

BROOKFIELD, NEWS, June 15, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on June 12, 2020 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.

Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated by this shareholder class:

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30%; width:30%; min-width:30%;">Director Nominee	21%; width:21%; min-width:21%;">Votes For	1%; width:1%; min-width:1%;">	12%; width:12%; min-width:12%;">  %	1%; width:1%; min-width:1%;">	21%; width:21%; min-width:21%;">Votes Withheld	1%; width:1%; min-width:1%;">	12%; width:12%; min-width:12%;">  %	1%; width:1%; min-width:1%;">
M. Elyse Allan	1,101,810,850		99.68		3,591,137		0.32
Angela F. Braly	1,097,833,815		99.32		7,568,172		0.68
Murilo Ferreira	1,099,888,119		99.50		5,513,868		0.50
Janice Fukakusa	1,104,253,028		99.90		1,148,959		0.10
Frank J. McKenna	1,057,808,228		95.69		47,593,759		4.31
Rafael Miranda	1,099,381,554		99.46		6,020,433		0.54
Seek Ngee Huat	1,101,433,153		99.64		3,968,834		0.36
Diana L. Taylor	1,063,219,221		96.18		42,182,766		3.82

Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated for election by this shareholder class, namely Jeffrey M. Blidner, Jack L. Cockwell, Marcel R. Coutu, Maureen Kempston Darkes, Bruce Flatt, Brian D. Lawson, Howard S. Marks and Lord O’Donnell.

A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.

Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$515 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A respectively.

For more information, please visit our website at www.brookfield.com or contact: 

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36%; width:36%; min-width:36%;">Communications & Media Claire Holland Tel: (416) 369-8236 Email: claire.holland@brookfield.com

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63%; width:63%; min-width:63%;">Investor Relations: Linda Northwood Tel: (416) 359-8647 Email: linda.northwood@brookfield.com

 

FAQ

What were the election results for Brookfield Asset Management's board on June 12, 2020?

All eight nominees were elected with voting percentages from 95.69% to 99.90%.

How many assets does Brookfield Asset Management manage?

Brookfield manages over US$515 billion in assets.

Where can I find the detailed results of Brookfield's shareholder meeting?

Detailed voting results are available on SEDAR at www.sedar.com.

What is the stock symbol for Brookfield Asset Management?

Brookfield Asset Management is listed under the symbols BAM and BAM.A.