Brascan Announces The Listing Of Its Class A Common Shares On The New York Stock Exchange.Business Editors TORONTO--(BUSINESS WIRE)--Dec. 19, 2000 Robert Harding, Chairman of Brascan Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) .), today announced that the company had received all required approvals for the listing of its Class A common shares on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Brascan will commence trading on the New York Stock Exchange under the symbol BNN on Wednesday, December 20, 2000. Brascan's Class A common shares will continue to trade under this symbol on the Toronto and Brussels' stock exchanges, but will no longer trade on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. . Mr. Harding commented that "Listing our common shares on the New York Stock Exchange is an important part of our strategy to broaden our investor base in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and surface value for our shareholders." The Brascan group of companies has major operations in the United States. Through its affiliate, Brookfield Properties Corporation, the group owns a portfolio of 15 commercial properties and six development sites containing over 21 million square feet of rentable area, located in major office markets in four states - New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Massachusetts, Colorado and Minnesota. Brookfield also conducts home building operations in California, Colorado, Virginia and Florida. Brascan's other operations in the United States include aluminum smelting and fabricating, panelboard and speciality paper mills and the generation of hydroelectricity, with production facilities in 12 states - Minnesota, Wisconsin, New York, Maine, Missouri, Kentucky, North and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Louisiana, Mississippi, Arkansas and Alabama. Brascan Corporation and its affiliates provide a diversified range of products and services to their customers and clients. The group employs over 50,000 people in managing and operating more than 120 major production facilities and properties, located mainly in Canada, the United States and South America.
SUPPLEMENTARY INFORMATION
Nine months ended September 30, 2000
Group revenues Cdn. $ 9.9 billion US$ 6.7 billion
Net income Cdn. $ 557 million US$ 376 million
Net income per share Cdn. $ 2.96 US$ 2.00
Consolidated assets Cdn. $ 11.2 billion US$ 7.6 billion
For more information, please contact one of the following individuals or visit our web site at www.brascancorp.com. |
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