Brookfield Asset Mngmnt A | Preferred Shares Class AA, Series 3 (BNA.PRC.CA)
Prospectus excerpt: Holders of the Series 3 Preferred Shares will be entitled to receive quarterly fixed cumulative preferential dividends of $0.2719 per Series 3 Preferred Share. On an annualized basis, this would represent a yield on the offering price of the Series 3 Preferred Shares of approximately 4.35%. Quarterly dividends on the Series 3 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 January 10, 2007, the initial dividend (which covers the period from closing to February 28, 2007) is expected to be $0.1460 per Series 3 Preferred Share, and is expected to be paid on or about March 7, 2007 to holders of record on February 22, 2007. The Series 3 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 on or after January 10, 2012, at a premium which declines to the lesser of Net Asset Value Per Unit and par on the 12th anniversary of the issue of the Series 3 Preferred Shares. The Company will redeem all outstanding Series 3 Preferred Shares on January 10, 2019 (the ‘‘Series 3 Redemption Date’’).
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