BAM.PR.H To Be Redeemed

Brookfield Asset Management has announced:

its intention to redeem all of its outstanding Class A Preference Shares, Series 10 (TSX: BAM.PR.H) for cash on April 5, 2012. The redemption price for each such share will be C$25.00 plus accrued and unpaid dividends thereon (for greater certainty, excluding declared dividends with a record date prior to the redemption date). Brookfield intends to use the net proceeds of the issue of Preferred Shares, Series 32 to redeem its Preference Shares, Series 10 and, to the extent the underwriters’ option is exercised, for general corporate purposes.

The issuance of the Series 32 (FixedReset, 4.50%+290) has been reported on PrefBlog.

5 Responses to “BAM.PR.H To Be Redeemed”

  1. […] Canadian Preferred Shares – Data and Discussion « MAPF Performance: February 2012 BAM.PR.H To Be Redeemed […]

  2. […] PrefBlog Canadian Preferred Shares – Data and Discussion « BAM.PR.H To Be Redeemed […]

  3. […] Called for redemption. YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2012-04-05 Maturity Price : 25.00 Evaluated at bid price : 25.32 Bid-YTW : 2.67 % […]

  4. FletcherLynn says:

    Can PrefInfo please show this as redeemed?

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