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Brookfield Asset Management Inc.

09:50 AM EST - Brookfield Asset Management Inc. : and Brookfield Residential Properties Inc. announced today the closing of the going private transaction of Brookfield Residential, pursuant to which 1927726 Ontario Inc., a wholly-owned subsidiary of Brookfield Asset Management, acquired all of the issued and outstanding common shares of Brookfield Residential that Brookfield Asset Management and its affiliates did not already own by way of a plan of arrangement. Brookfield Asset Management Inc. shares T.BAM.A are trading down $0.44 at $68.30.