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Brookfield Asset Management's Class A Preference Shares Crosses Above 6% Yield Territory

In trading on Thursday, shares of Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9 (TSX: BAM-PRG.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $0.6875), with shares changing hands as low as $11.33 on the day. As of last close, BAM.PRG was trading at a 54.08% discount to its liquidation preference amount.

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

Performance Comparison Chart

Below is a dividend history chart for BAM.PRG, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9:

BAM.PRG+Dividend+History+Chart

In Thursday trading, Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 9 (TSX: BAM-PRG.TO) is currently up about 1.3% on the day, while the common shares (Symbol: BAM) are up about 0.6%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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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