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Brookfield Asset Management's Preference Series 8 Shares Cross 4.5% Yield Mark

In trading on Friday, shares of Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 8 (TSX: BAM-PRE.TO) were yielding above the 4.5% mark based on its monthly dividend (annualized to $0.6125), with shares changing hands as low as $13.35 on the day. As of last close, BAM.PRE was trading at a 45.44% discount to its liquidation preference amount.

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

Performance Comparison Chart

Below is a dividend history chart for BAM.PRE, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 8:

BAM.PRE+Dividend+History+Chart

In Friday trading, Brookfield Asset Management Inc's Cumulative Exchangeable Redeemable Class A Preference Shares, Series 8 (TSX: BAM-PRE.TO) is currently off about 1.2% on the day, while the common shares (Symbol: BAM) are down about 0.6%.

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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