TORONTO, Dec. 10, 2015 /CNW/ - Brookfield Real Estate
Services Inc. (the "Company") (TSX: BRE), a leading provider of
services to residential real estate brokers and their
REALTORS®1 today announced that the Board of
Directors has increased the Company's targeted annual cash dividend
per restricted voting share to $1.30
per annum ($0.1083 monthly) from
$1.25 per annum ($0.1042 monthly), an increase of 4 per cent. The
increase will commence for the January monthly dividend.
"The company has produced two very strong years, significantly
expanding our network of highly capable real estate
professionals. This, together with healthy markets in
most regions, has contributed to our solid financial performance in
2015," said Phil Soper, president
and chief executive officer, Brookfield Real Estate Services Inc.
"I am delighted to announce that the Board of Directors has
approved a second increase in our dividend this year."
The monthly cash dividend of $0.1083 per restricted voting share will be
payable on January 29, 2016, to
shareholders of record on December 31,
2015.
ABOUT BROOKFIELD REAL ESTATE
SERVICES
Brookfield Real Estate Services Inc. is a
leading provider of services to residential real estate brokers and
a network of more than 16,000 REALTORS®. The Company
operates in Canada under the Royal
LePage, Via Capitale and Johnston & Daniel brands. Further
information is available at www.brookfieldresinc.com
Brookfield Real Estate Services is an affiliate of Brookfield
Asset Management, a leading global alternative asset manager with
over $200 billion of assets under
management. For more information, go to www.Brookfield.com
1 REALTORS® is a trademark
identifying real estate licensees in Canada who are members of the Canadian Real
Estate Association.
SOURCE Brookfield Real Estate Services Inc.