Brascan Acquires Additional Shares in Fraser Papers Inc.TORONTO -- Brascan Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BNN) (NYSE NYSE See: New York Stock Exchange :BNN), announced today that it has acquired 200,000 common shares of Fraser Papers Inc. (TSX:FPS), through its subsidiary Brascade Corporation. Taken together with other acquisitions over the past three months, this acquisition brings the total number of shares beneficially owned by Brascan to 13,376,691, which represents 45% of the outstanding common shares of Fraser. The purchases were made through the facilities of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the shares were acquired for investment purposes. Brascan Corporation is a global asset manager focused on property, power and infrastructure assets. With $40 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , the company owns 70 premier office properties and over 130 power generating plants. The company is inter-listed on the New York and Toronto stock exchanges. Brascan Corporation (TSX:BNN) (NYSE:BNN) |
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