Exchange Bulletin
Brookfield Asset Management Reinsurance Partners Ltd. (BAMR) To Trade On Toronto Stock Exchange
June 24, 2021
| Issuer: | Brookfield Asset Management Reinsurance Partners Ltd. ("BAM Re") |
| Security: | Class A Exchangeable Limited Voting Shares ("Exchangeable Shares") |
| Symbol: | BAMR |
| Number of securities issued and outstanding: | Up to 10,900,000 |
| Number of securities reserved for issuance: | None |
| Listing category: | Industrial, Exempt |
| Trading currency: | CDN$ |
| Distribution: | As described in Toronto Stock Exchange ("TSX") Bulletin 2021-0623 dated June 15, 2021, Brookfield Asset Management Inc. (‘‘BAM'') will make, on Monday, June 28, 2021, a special distribution of one (1) Exchangeable Share of BAM Re for every 145 Class A limited voting shares (the "BAM Class A Shares'') of BAM to holders of BAM Class A Shares (the "BAM Shareholders") of record at the close of business on Friday, June 18, 2021 (the "Distribution"). |
| Listing date: | Monday, June 28, 2021 (as at 12:01 a.m.) |
| Posted for trading date: | Monday, June 28, 2021 (at the opening). |
| Payable date: | Monday, June 28, 2021 (12:01 a.m.) BAM Shareholders need not take any action in order to receive the Exchangeable Shares to which they are entitled. |
| Other market(s): | The New York Stock Exchange |
| Designated market maker: | RBC Capital Markets |
| Security ownership registration: | CDS book-based system |
| Investor relations: | Rachel Powell Director, Finance rachel.powell@brookfield.com 416-956-5141 |
| Incorporation: | Companies Act 1981 of Bermuda |
| Fiscal year end: | December 31 |
| Nature of business: | BAM Re was established by BAM to own and operate a reinsurance business focused on providing capital-based solutions to insurance companies and their stakeholders. Through its operating subsidiaries, BAM Re will provide annuity-based reinsurance products to insurance and reinsurance companies and will also act as a direct issuer of pension risk transfer products for pension plan sponsors. |
| Transfer agent and registrar: | AST Trust Company (Canada) at its principal office in Toronto. |
| Dividends: | The board may declare distributions at its discretion, in the form of a dividend or a distribution made pursuant to a capital reduction resulting in a return of capital or a combination. However, each Exchangeable Share has been structured with the intention of providing an economic return equivalent to one BAM Class A Share and it is expected that distributions on the Exchangeable Shares will be paid at the same time and in the same amount as dividends are paid on BAM Class A Shares. |
| Sponsorship: | Not applicable |
| Disclosure document: | BAM Re and BAM's joint prospectus dated June 16, 2021 (the "Prospectus") and BAM's press release dated June 8, 2021, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See TSX Bulletin 2021-0623 dated June 15, 2021, regarding the Distribution and "due bill" trading of the BAM Class A Shares. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange. |