|
|
|
Brookfield Asset Management Ltd | Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9 (BAM.PRG.CA)
Prospectus excerpt: Brookfield Asset Management may not redeem the Series 9 Preferred Shares on or prior to November 1, 2006. Subject to applicable law and certain restrictions and to the rights, privileges, restrictions and conditions attaching to any other shares of the company, on November 1, 2006 and on November 1 in every fifth year thereafter, all, but not less than all, of the Series 9 Preferred Shares are redeemable at the option of the company at a redemption price of C$25.00 per share together with all accrued and unpaid dividends up to but excluding the date of redemption. Notice of any redemption must be given by the company at least 45 days and not more than 60 days prior to the date fixed for redemption. Full Prospectus PDF », BAM Page »
Series: | 9 | Alternate symbology: | BAM-G.CA, BAM-PG.CA, BAMprG.CA | Redeemable?: | Yes | Call Date: | 11/1/2006 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 6950208 | Liquidation Preference: | $25 | Original Coupon: | Product of C5.00 and a percentage (which shall not be less than 80%) of the yield on certain Government of Canada bonds, established for each five year period commencing November 1, 2001 as provided in the share conditions. For the five year period from November 1, 2001 until October 31, 2006, the Series 9 Preferred Shares paid, on a quarterly basis, a fixed cash dividend in an amount equal to 5.63% per annum applied to the price of C5.00 per share. The annual rate for the next five year period was set in October 2006. For the five year period from November 1, 2006 until October 31, 2011, the Series 9 Preferred Shares will pay on a quarterly basis, as and when declared by the Board of Directors of Brookfield Asset Management, a fixed cash dividend in an amount equal to 4.35% per annum applied to the price of C5.00 per share. The first dividend at this new rate will be payable on February 1, 2007. | Pay Period: | Quarterly | Pay Dates: | 1-Feb, 1-May, 1-Aug, 1-Nov | CDx3 Compliance Rating: |
Learn BAM.PRG.CA's Rating
|
|
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 »
|
|
|
|
|