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BNB-TSX Venture BAM Investments Announces 2011 Results

2012 MAY 13 - (VerticalNews.com) -- 76,289,852) on a fully diluted basis. (3) As of December 31, 2011 there were 74,206,510 voting and non-voting common shares of the company issued and outstanding on a fully diluted basis.

The information in the following table has been extracted from the company's consolidated balance sheet as at December 31, 2011. Thousands, except per share amounts Net Book Value Assets Investment in Brookfield Asset Management Inc.(1) $ 1,572,085 Other securities 118,412 Cash and cash equivalents 30,904 Accounts receivable and other 1,245 $ 1,722,646 Liabilities and Shareholders' Equity Accounts payable and other $ 522 Retractable preferred shares(2) 486,718 Deferred taxes(3) 132,591 619,831 Shareholders' equity 1,102,815 $ 1,722,646 Net book value per common share, pre tax(4,5) $ 16.65 Net book value per common share, after tax(4) $ 14.86 Notes: (1) The investment in Brookfield Asset Management Inc. consists of 56.2 million Class A Shares at a bid price of $27.96 per Class A Share as at December 31, 2011. (2) Represents $492.4 million retractable preferred shares gross of $5.6 million unamortized issue costs. (3) The deferred tax liability represents the potential future income tax liability of the company recorded for accounting purposes based on the difference between the carrying values of the company's assets and liabilities and their respective tax values, as well as giving effect to estimated capital and non-capital losses as at the date of this statement. (4) As at December 31, 2011, there were 74,206,510 voting and non-voting common shares of the company issued and outstanding on a fully diluted basis. (5) Does not reflect future tax liabilities.

Note: This news release contains "forward-looking information" within the meaning of Canadian provincial securities laws and regulations. The words "potential" and "estimated" and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify forward-looking information. Forward-looking information in this news release includes statements with regard to the company's potential future income taxes.

Although the company believes that the anticipated future results or achievements expressed or implied by the forward-looking information and statements are based upon reasonable assumptions and expectations, the reader should not place undue reliance on the forward-looking information and statements because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking information and statements.

Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking information and statements include: the behavior of financial markets, including fluctuations in interest and exchange rates, availability of equity and debt financing and other risks and factors detailed from time to time in the company's other documents filed with the Canadian securities regulators.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking information to make decisions with respect to the company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as may be required by law, the company undertakes no obligation to publicly update or revise any forward-looking information or statements, whether written or oral, that may be as a result of new information, future events or otherwise. Reference should be made to the company's most recent Annual Information Form for a description of the major risk factors.

Keywords: Energy, Utilities, Finance and Financials, Investing and Investments.