Brookfield Asset Mngmnt A | Preferred Shares Class AA, Series 1 (BNA.PRB.CA)
Prospectus excerpt: Holders of the Series 1 Preferred Shares will be entitled to receive quarterly fixed cumulative preferential dividends of $0.3094 per Series 1 Preferred Share. On an annualized basis, this would represent a yield on the offering price of the Series 1 Preferred Shares of approximately 4.95%. Quarterly dividends on the Series 1 Preferred Shares will be paid by the Company on or about the 7th day of March, June, September and December in each year. Based on the anticipated closing date of March 25, 2004, the initial dividend (which covers the period from closing to May 31, 2004) will be $0.2265 per Series 1 Preferred Share, and is expected to be paid on or about June 7, 2004 to holders of record on May 22, 2004. The Series 1 Preferred Shares may be surrendered for retraction at any time and are redeemable at the option of the Company, in whole or in part, at any time after March 25, 2009, at a premium which declines to par on the 12th anniversary of the issue of the Series 1 Preferred Shares. The Company will redeem all outstanding Series 1 Preferred Shares on March 25, 2016 (the ‘‘Redemption Date’’).
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