In trading on Tuesday, shares of Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28 (TSX: BAM-PRX.TO ) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.6817), with shares changing hands as low as $16.20 on the day. As of last close, BAM.PRX was trading at a 31.52% 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.PRX shares, versus BAM:
Below is a dividend history chart for BAM.PRX, showing historical dividend payments on Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28:
In Tuesday trading, Brookfield Asset Management Inc's Cumulative Class A Preference Shares, Series 28 (TSX: BAM-PRX.TO ) is currently off about 4.2% on the day, while the common shares (Symbol: BAM) are off about 2.4%.
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.
