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Brookfield Asset Management Inc | Cumulative Class A Preference Shares, Series 30 (BAM.PRZ.CA)

Prospectus excerpt:  Brookfield Asset Management may not redeem the Series 30 Preferred Shares prior to December 31, 2017. On December 31,2017and on December 31st every five years thereafter (each, a “Conversion Date”), the company may, subject to applicable law, at its option without the consent of the holders, redeem all or any part of the then outstanding Series 30 Preferred Shares by the payment of $25.00 per share together with all accrued and unpaid dividends thereon up to but excluding the date of payment or distribution (less any tax required to be deducted and withheld). Notice of any redemption must be given by the company at least 30 days and not more than 60 days prior to the date fixed for redemption.

Full Prospectus PDF », BAM Page »

Series:30
Alternate symbology:BAM-Z.CA, BAM-PZ.CA, BAMprZ.CA
Redeemable?:Yes
Call Date:12/31/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:Subject to certain restrictions, the holders of the Series 30 Preferred Shares have the right on any Conversion Date to convert any or all of the Series 30 Preferred Shares held by them for Cumulative Floating Rate Preferred Shares, Series 31 of the company (the “Series 31 Preferred Shares”), on a one-for-one basis. Such a conversion of Series 30 Preferred Shares for Series 31 Preferred Shares must be initiated not less than 15 days and not more than 30 days prior to a Conversion Date. Under certain circumstances, the Series 30 Preferred Shares may automatically convert into Series 31 Preferred Shares, after December 31, 2017, on a one-for-one basis.
Shares Offered:10000000
Liquidation Preference:$25
Recent Market Price:$20.55
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.45 (-17.80%)
Annualized Dividend:1.17125
Recent Ex-Date:3/14/2019
Current Yield:5.70%
Original Coupon:An annual rate of .20 per Series 30 share until December 31, 2017. The annual fixed dividend rate for each subsequent 5-year fixed rate period will be equal to the sum of the Government of Canada Yield on the 30th day prior to the first day of such Subsequent Fixed Rate period plus 2.96%. The annual fixed dividend for each such period will be equal to the applicable Annual Fixed Dividend Rate multiplied by 5.00.
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
Brookfield Asset Management is an asset management company, with a particular focus on property, renewable power, infrastructure and public equity. Co. has five reportable segments: (a) Property operations; (b) Renewable power operations; (c) Infrastructure operations; (d) Private equity operations; and (e) Assets management services and other operations.

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


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Name:  Brookfield Asset Management Inc
Website:  www.brookfield.com
Sector:  Real Estate
Number of ETFs Holding BAM:  2 (see which ones)
Total Market Value Held by ETFs:  $5,024,839.66
Total Market Capitalization:  $46,938,000,000
% of Market Cap. Held by ETFs:  0.01%

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