Overview. Brookfield Asset Management, which is a Canadian-resident corporation listed on the NYSE, NYSE Euronext and TSX, will distribute the (non-voting) LP units of BBP LP to its shareholders as a special dividend, with such distribution being referred to as the spin-off. Brookfield Asset Management will retain an approximate 70% economic interest in the business by virtue of holding approximately 45% of the units of BBP LP directly and by virtue of holding an approximate 45% partnership interest in Holding LP, which will be the subsidiary LP of BBP LP.

Overview. On December 22, 2015 the shareholders and relevant noteholders of the Company voted in favour of a B.C. Plan of Arrangement under which the Company’s U.S.$100 million of “Gold Notes” would be exchanged for new notes (the “2020 Debentures”) or (at each Noteholder’s option) common shares of the Company, and its U.S.$78 million of “Silver Notes” (which, like the Gold Notes, are in default) would be exchanged for the 2018 Debentures or (at the noteholder’s option) common shares. The Gold Notes bear cash interest at 10% p.a.

Overview

Overview

On December 7, 2015, Sprott Asset Management Gold Bid LP (“SAM,” or the “Offeror”) delivered to GoldTrust a power of attorney granted under its offer described below under Background removing all the Trustees (other than the Administrator Nominee), and requisitioning a meeting to approve the merger transaction below.