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NEW YORK - Brookfield Asset Management Inc. said it completed the sale of 150 million Canadian dollars ($147.8 million) worth of preferred stock, the investment firm said Wednesday.
| BAM | 18.2 |  0.05 |
The company sold the debt in the form of 5 million class A shares at 25 Canadian dollars ($24.63) apiece. The shares have a yield of 5 percent per year.
The company plans to use the money to finance general corporate purposes.
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