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Brookfield Asset Management Cumulative Class A Preference Shares, Series 22 Ex-Dividend Reminder

On 6/11/14, Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 22 (TSX: BAM-PRP.TO ) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 6/30/14. As a percentage of BAM.PRP's recent share price of $25.66, this dividend works out to approximately 1.70%, so look for shares of BAM.PRP to trade 1.70% lower - all else being equal - when BAM.PRP shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.81%.

As of last close, BAM.PRP was trading at a 2.80% premium 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.PRP shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRP, showing historical dividends prior to the most recent $0.4375 on Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 22:

BAM.PRP+Dividend+History+Chart

In Monday trading, Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 22 (TSX: BAM-PRP.TO ) is currently down about 0.2% on the day, while the common shares (Symbol: BAM) are trading flat.

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


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

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