Brookfield Asset Mngmnt A | Preferred Shares Class AA, Series 5 (BNA.PRE.CA)
Prospectus excerpt: Holders of the Series 5 Preferred Shares will be entitled to receive quarterly fixed cumulative preferential dividends of $0.303125 per Series 5 Preferred Share. On an annualized basis, this would represent a yield on the offering price of the Series 5 Preferred Shares of 4.85%. Quarterly dividends on the Series 5 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 December 10, 2010, the initial dividend (which covers the period from closing to February 28, 2011) is expected to be $0.2658 per Series 5 Preferred Share, and is expected to be paid on or about March 7, 2011 to holders of record on February 22, 2011. The Series 5 Preferred Shares may be surrendered for retraction at any time. The Company will redeem all outstanding Series 5 Preferred Shares on December 10, 2017 (the “Series 5 Redemption Date”) for a cash amount per share equal to the lesser of (i) $25.00 plus any accrued and unpaid dividends and (ii) the Net Asset Value per Unit.
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