Prospectus excerpt:  The Series 11 Preferred Shares are not redeemable before June 30, 2009. On or after this date, but subject to applicable law and to the provisions described below, Brookfield Asset Management may, at its option, at any time redeem all, or from time to time any part, of the outstanding Series 11 Preferred Shares, by the payment of an amount in cash for each such share so redeemed of C$25.75 if redeemed before June 30, 2010, of C$25.50 if redeemed on or after June 30, 2010, but before June 30, 2011, of C$25.25 if redeemed on or after June 30, 2011, but before June 30, 2012, and of C$25.00 thereafter plus, in each case, all declared and unpaid dividends up to but excluding the date fixed for redemption.