Is there a set ratio of leverage Brookfield likes to maintain in deals?
RL: There is certainly an amount of leverage we feel comfortable with. Our level has been in the range of 50-55%, which we think is prudent and reasonable, and unless warranted by changes in the marketplace we feel it’s a level we’re going to keep. PF: Any particular financing structures you prefer? RL: We’ve used bridge financing sometimes in order to acquire a facility. Take-out financings are typically asset-backed mortgage financings which allow us to do bullet maturity, and therefore no principal repayments. It’s an interest-only loan and that has been our mode of operation since 2000. PF: Which projects or assets does Brookfield have its eye on at moment for future development? RL: Hydroelectric facilities, transmission infrastructure and wind development are the 3 focal points of our strategy. We would clearly do other things if there was the right opportunity, but our attention tends to be occupied on the three things I’ve outlined. PF: What kind of asset dispatch profile does
