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Brookfield Asset Management's Preference Series 18 Shares Cross 5.5% Yield Mark


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In trading on Wednesday, shares of Brookfield Asset Management Inc's 4.75% Cumulative Class A Preference Shares, Series 18 (TSX: BAM-PRN.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.41 on the day. As of last close, BAM.PRN was trading at a 13.12% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of BAM.PRN shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRN, showing historical dividend payments on Brookfield Asset Management Inc's 4.75% Cumulative Class A Preference Shares, Series 18:

BAM.PRN+Dividend+History+Chart

In Wednesday trading, Brookfield Asset Management Inc's 4.75% Cumulative Class A Preference Shares, Series 18 (TSX: BAM-PRN.TO ) is currently down about 0.1% on the day, while the common shares (Symbol: BAM) are up about 0.9%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: BAM



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