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Brookfield Asset Management Ltd | 5.4% Cumulative Class A Preference Shares, Series 12 (BAM.PRJ.CA)
Prospectus excerpt: The Series 12 Preferred Shares are not redeemable before March 31, 2014. On or after this date, but subject to applicable law and to the provisions described below, Brookfield Asset Management may, at its option, at any time redeem all, or from time to time any part, of the outstanding Series 12 Preferred Shares, by the payment of an amount in cash for each such share so redeemed of C$26.00 per share if redeemed before March 31, 2015, of C$25.75 per share if redeemed on or after March 31, 2015 but before March 31, 2016, of C$25.50 per share if redeemed on or after March 31, 2016 but before March 31, 2017, at C$25.25 per share if redeemed on or after March 31, 2017 but before March 31, 2018, and at C$25.00 per share if redeemed on March 31, 2018 or thereafter, plus, in each case, all accrued and unpaid dividends up to but excluding the date fixed for redemption. Full Prospectus PDF », BAM Page »
Series: | 12 | Alternate symbology: | BAM-J.CA, BAM-PJ.CA, BAMprJ.CA | Redeemable?: | Yes | Call Date: | 3/31/2014 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Conversion Ratio: | Determined by dividing the then applicable redemption price, together with all accrued and unpaid dividends up to but excluding the date fixed for conversion, by the greater of C$2.00 or 95% of the weighted average trading price of the Class A Limited Voting Shares on The Toronto Stock Exchange for the 20 consecutive trading days ending on: (i) the fourth day prior to the date specified for conversion, or (ii) if such fourth day is not a trading day, the immediately preceding trading day. Fractional Class A Limited Voting Shares will not be issued on any conversion of Series 12 Preferred Shares, but in lieu thereof the company will make cash payments. | Shares Offered: | 7000000 | Liquidation Preference: | $25 | Original Coupon: | 5.40% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
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Brookfield Asset Management is an alternative asset manager, with assets under management across renewable power and transition, infrastructure, private equity, real estate and credit. Co. focuses on real assets and essential service businesses. Preferreds: BAM.PRB.CA, BAM.PRC.CA, BAM.PRE.CA, BAM.PRG.CA, BAM.PRI.CA, BAM.PRJ.CA, BAM.PRK.CA, BAM.PRL.CA, BAM.PRM.CA, BAM.PRN.CA, BAM.PRO.CA, BAM.PRP.CA, BAM.PRR.CA, BAM.PRT.CA, BAM.PRX.CA, BAM.PRZ.CA Open the BAM Information Page »
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