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Reminder: Brookfield Asset Management's Preferred Shares Class AA, Series 5 Goes Ex-Dividend Soon

On 5/20/14, Brookfield Asset Management's Preferred Shares Class AA, Series 5 (TSX: BNA-PRE.TO ) will trade ex-dividend, for its quarterly dividend of $0.3031, payable on 6/7/14. As a percentage of BNA.PRE's recent share price of $25.62, this dividend works out to approximately 1.18%, so look for shares of BNA.PRE to trade 1.18% lower - all else being equal - when BNA.PRE shares open for trading on 5/20/14. On an annualized basis, the current yield is approximately 4.73%.

As of last close, BNA.PRE was trading at a 2.44% premium to its liquidation preference amount. The chart below shows the one year performance of BNA.PRE shares, versus BAM.A:

Performance Comparison Chart

Below is a dividend history chart for BNA.PRE, showing historical dividends prior to the most recent $0.3031 on Brookfield Asset Management's Preferred Shares Class AA, Series 5:

BNA.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Brookfield Asset Management (TSX: BAM-A.TO ) makes up 6.49% of the SPDR Dow Jones International Real Estate ETF ( RWX ) which is trading relatively unchanged on the day Friday.

In Friday trading, Brookfield Asset Management's Preferred Shares Class AA, Series 5 (TSX: BNA-PRE.TO ) is currently trading flat on the day, while the common shares (TSX: BAM-A.TO ) 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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