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Non-Tech : Brookfield Asset Management

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Dec 26 9:30 AM EST

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From: JakeStraw	5/6/2010 9:50:06 AM
	of 75

Brookfield Asset Management Announces Strong Operating Cash Flow of $366 Million for First Quarter of 2010 finance.yahoo.com "We continue to see a number of positive developments throughout our businesses which point towards a continued economic recovery and growth in the cash flows from our existing businesses," commented Bruce Flatt, CEO of Brookfield. "We should also benefit from the substantial amount of capital we invested over the past 24 months and are continuing to see many attractive investment opportunities, which we hope to capitalize on." The underlying value of Brookfield's common equity was $29.09 per share at quarter end, representing an annualized 10% increase from $28.53 per share at year end, including the dividend received by shareholders during the quarter. The increase was due to operating cash flow and disposition gains retained during the quarter and improvements in the valuations of our commercial office portfolio due to favourable leasing activity. Brookfield's renewable power and utility assets are revalued on an annual basis, so this represents only a partial update of underlying values.

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