Dividend Declaration:
The board of directors declared a dividend of $0.13 per Class A Common Share, payable on August 31, 2009, to shareholders of record as at the close of business on August 1, 2009. The board also declared all of the regular monthly and quarterly dividends on its preferred shares.
“The strength and stability of our renewable power and office property businesses are a major contributor to our operating results and asset values. This provides us a strong earnings base for the balance of 2009 and through 2010,” commented Bruce Flatt, senior managing partner of Brookfield. “The high quality of our office property portfolio, which is 96% occupied, allows us to generate stable long-duration contracted rental income streams. In addition, we have contracted more than 75% of our expected renewable generation for the balance of 2009 and 2010.”
