Brookfield Investments Corporation (the “Company”) makes investments in renewables and property sectors. The Company’s sole common shareholder is Brookfield Corporation (“Brookfield”), and Brookfield owns more than $1.0 billion of the Company’s retractable preferred shares.
Effective on December 22, 2015, Brookfield has provided a full and unconditional subordinated guarantee of the Company’s outstanding Class 1 Senior Preferred Shares, Series A (the “Preferred Shares”), other than those held by Brookfield or its affiliates. As a result, the Company will be entitled to rely on an exemption from the requirements to file certain continuous disclosure documents with Canadian securities regulators, including financial statements, on the basis that holders of the Preferred Shares will have access to certain continuous disclosure filings on Brookfield as the guarantor. Certain financial information of the Company will be included in the consolidated summary financial information in Brookfield’s consolidated annual financial statements and interim reports going forward.
The Guarantee will terminate (subject to any existing rights or claims at the time of such termination) upon among other things, the date that no Preferred Shares are outstanding or the date the Company commences filing its own continuous disclosure materials with Canadian securities regulators. A copy of the Guarantee has been filed on SEDAR under the profile of the Company. Investors should refer to that filing for the complete terms of the Guarantee.
