TORONTO, ONTARIO — (Marketwire) — 11/28/12 — Brookfield Investments Corporation (TSX VENTURE: BRN.PR.A) reported net income of $23 million or $0.47 per common share for the three months ended September 30, 2012 compared with net income of $37 million or $0.81 per common share for the same period in 2011. The company received an $11 million distribution from its UK property operations in the current quarter, representing a $5 million increase over the prior year, and benefited from increased prices and improved volumes within its forest products operations. Net income in the same quarter in the prior year included $21 million of foreign currency translation gains compared to $3 million of foreign currency losses in the current quarter.
Brookfield Investments Corporation holds investments in the property and forest products sectors, as well as a portfolio of preferred shares issued by companies within the Brookfield group. The common shares of Brookfield Investments Corporation are wholly owned by Brookfield Asset Management Inc., a global alternative asset manager with over $150 billion in assets under management, with a focus on property, renewable power, infrastructure and private equity.
Derek Gorgi, Vice President and Chief Financial Officer, will be available at 416-363-9491 to answer any questions on the company’s financial results.
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