Brookfield Asset Management's Preference Series 17 Shares Cross 5.5% Yield Mark

In trading on Wednesday, shares of Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 17 (TSX: BAM-PRM.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.59 on the day. As of last close, BAM.PRM was trading at a 12.84% 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.PRM shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRM, showing historical dividend payments on Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 17:

BAM.PRM+Dividend+History+Chart

In Wednesday trading, Brookfield Asset Management Inc’s 4.75% Cumulative Class A Preference Shares, Series 17 (TSX: BAM-PRM.TO ) is currently up about 0.1% on the day, while the common shares (Symbol: BAM) are up about 1.5%.


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