Crystal River Capital
Notes:
If the merger is consummated, you will be entitled to receive $0.60 in cash, without interest and less any applicable withholding taxes, for each share of Crystal River common stock that you own immediately prior to the merger (not including any shares of Crystal River common stock held by Brookfield, Sub or Crystal River or any wholly-owned subsidiary of Brookfield or Crystal River), and you will have no ongoing ownership interest in the continuing business of Crystal River.
Source of funds: "Brookfield's and Sub's obligations to complete the merger are not conditioned upon their ability to obtain financing for the merger. Based on information available as of the date of this proxy statement, Brookfield estimates that the total amount of funds necessary to complete the merger and related transactions and pay related fees and expenses, is approximately $16 million. Brookfield intends to obtain all such funds from its working capital."
There was a competing offer for $0.75 was made by Laurel Canyon Partners Daniel Gottlieb. However, it does not appear the Board has accepted this offer.
Vote: The vote date has been set for July 30, 2010.
Completion: Crystal River Capital, Inc. on 7/30/2010 announced that it has closed its previously-announced merger agreement with Brookfield Asset Management Inc. pursuant to which Brookfield acquired all the outstanding common stock of Crystal River that Brookfield did not already own for cash at a price of $0.60 per share. The merger was approved at the Crystal River stockholders meeting held on July 30, 2010.
