Business Context and Reporting Period
This Form 6-K is a report of a foreign private issuer filed by Brookfield Asset Management Inc. (also referenced as Brookfield Corp in metadata) for the month of December 2006, specifically dated December 4, 2006. The filing serves to incorporate by reference a press release regarding a significant corporate transaction into the company's registration statement on Form F-9.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The only specific financial figure disclosed relates to a transaction:
- Transaction Proceeds: US$200 million from the sale of an interest in a Brazilian financial services business.
Material Changes
The primary material change reported is the divestiture of an asset:
- Asset Sale: Brookfield sold an interest in its Brazilian financial services business.
- Value: The transaction was valued at US$200 million.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, future guidance, outlook, risk factors, contingencies, or details on unusual items beyond the specific asset sale described in the exhibit.
Investor Verification Checklist
- Verify the exact nature and percentage of the interest sold in the Brazilian financial services business.
- Confirm the timing of the cash receipt for the US$200 million proceeds.
- Review the full text of the press release (Exhibit 99.1) for details on the buyer and strategic rationale.
- Check subsequent filings for the impact of this sale on consolidated financial statements.