BAM.PF.F To Reset at 4.029%

Sep 04 06:09 2019 Print This Article

Brookfield Asset Management Inc. has announced:

that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 (“Series 40 Shares”) (TSX: BAM.PF.F) for the five years commencing October 1, 2019 and ending September 30, 2024, and also determined the quarterly dividend on its floating rate Cumulative Class A Preference Shares, Series 25 (“Series 25 Shares”) (TSX: BAM.PR.S).

Series 40 Shares and Series 41 Shares

If declared, the fixed quarterly dividends on the Series 40 Shares during the five years commencing October 1, 2019 will be $0.2518125 per share per quarter, which represents a yield of 6.105% on the most recent trading price, similar to the current yield. The new fixed dividend rate that will apply for the five years commencing October 1, 2019 represents a yield of 4.029% based on the redemption price of $25 per share.

Read More

About Article Author

PrefBlog

PrefBlog is presented as a public service by Hymas Investment Management Inc., Manager / Trustee of Malachite Aggressive Preferred Fundand publisher of PrefLetter, a monthly newsletter directed towards long term buy-and-hold retail investors. James Hymas, president of Hymas Investment Management Inc, with years of experience designing quantitative investment technology and applying this technology to conservative portfolios, seeks to provide institutions and retail investors with the information and advice necessary to produce top quartile returns in the preferred share market without the assumption of excess risk.

Related Items

11 Canadian Dividend Growth Stocks Increasing Dividends

Disclosure: Some of the links below are affiliate links (AL), meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. Each month I update readers of all the dividend increases in the Canadian Dividend All-Star List (Canadian comp ...

DF.PR.A : Semi-Annual Report 2019H1

Dividend 15 Split Corp. II has released its Semi-Annual Report to May 31, 2019. Figures of interest are: MER: “A separate base management expense ratio has been presented to reflect the normal operating expenses of the Company excluding any one time offering expenses. Management expense ratio is ...

US Open – China GDP falls to 6%, Turkey’s win, Brexit Vote looms, Oil rises, Gold stuck in range

US stocks and the dollar little changed in early Friday trade despite a worse than expected third-quarter GDP reading from China and heightened uncertainty regarding how Brexit will unfold over the weekend and a temporary cease-fire between Turkey and Syria.  Asian markets sold off after China’ ...

CWS Market Review – October 18, 2019

“There is nothing more deceptive than an obvious fact.” – Sherlock Holmes This week, our two Buy List bank stocks rallied after reporting better-than-expected earnings. Signature Bank gained 1.9%, and Eagle Bank rose 1.4%. At one point, Eagle was up more than 11% on the day. I’m especially ...

Macro Briefing | 18 October 2019

Turkey agrees to temporarily halt military operations in Syria: WSJUK Parliament expected to reject Johnson’s new Brexit deal on Saturday: CNBCChina’s Q3 annual economic growth slows to 6.0%–lowest in decades: CNBCA variety of financial risks from climate change are lurking: SF FedHousing sta ...

China growth below forecast

  Worst growth on record The Chinese economy grew 6.0% y/y in the third quarter, a slowdown from Q2’s +6.2% and the weakest growth on record going back to 1995. Quarter-on-quarter growth slowed to 1.5% y/y but was in line with economists’ estimates. In the subsequent press conference, the Sta ...

The Western Mafia Tightens Its Grip On the Canadian Financial System - Peter Diekmeyer (15/10/2019)

October 15, 2019 The Bank of Canada’s recent appointment of Toni Gravelle to its governing council drew barely a yawn from mainstream media. Gravelle has all the usual qualifications for membership on the prestigious body, which broadly determines interest rates, asset valuations, and consumer ...

Tech Talk for Friday October 18th 2019

  European and Emerging Markets move higher Short term breakouts by the Eurozone ETF and the Emerging Markets ETF! Weakness in the U.S. Dollar contributed to their strength   StockTwits released yesterday @EquityClock India ETN $PIN moved above $24.49 extending an intermediate uptrend. Blackro ...

Morning News: October 18, 2019

China’s Economy Slows on Weak Investment, Testing Global Growth China’s GDP Growth Grinds to Near 30-Year Low as Tariffs Hit Production Russia’s Thawing Permafrost May Cost Economy $2.3 Billion a Year After Hemorrhaging $100 Billion, Europe Stages a Comeback How A Small Aluminum Maker Won U.S ...

October 17, 2019

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 % ...

October 16, 2019

The Federal Reserve has announced the appointment of its Insurance Policy Advisory Committee: The Federal Reserve Board on Wednesday announced the inaugural 21 members of the Insurance Policy Advisory Committee (IPAC). The IPAC provides information, advice, and recommendations to the Federal Reserv ...

Ivanhoe encouraged by rise in palladium price

Ivanhoe Mines’ (TSX: IVN) co-chairmen Robert Friedland and Yufeng “Miles” Sun issued a communiqué this week stating that recent increases in the price of palladium, nickel, rhodium and gold have resulted in the weighted price of the ‘basket’ of metals contained in the ore at the company ...

NEGATIVE RATES ARE KILLING THE WORLD

NEGATIVE RATES ARE KILLING THE WORLD October 18, 2019 by Egon von Greyerz “BREXIT, is in the last innings, UK will get out” – This is how Egon von Greyerz starts the interview with Eric King of King World News. Egon goes on to say that in the long run the EU will dissolve, country after ...