BAM.PF.C Falls on Good Volume

Brookfield Asset Management has announced:

the completion of its previously announced 4.85% perpetual Class A Preference Shares, Series 36 (“Preferred Shares”) issue in the amount of CDN$200,000,000. Brookfield issued 8,000,000 Preferred Shares at a price of CDN$25.00 per share, for total gross proceeds of CDN$200,000,000. The Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BAM.PF.C.

BAM.PF.C is a Straight Perpetual, 4.85%, announced November 20. The issue size of $200-million indicates that the greenshoe option was exercised in full.

The issue traded 384,725 shares today in a range of 24.64-95 before closing at 24.70-73, 7×40.

BAM.PF.C will be tracked by HIMIPref™ and initially assigned to the PerpetualDiscount index. Vital statistics are:

BAM.PF.C Perpetual-Discount YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2042-11-27
Maturity Price : 24.32
Evaluated at bid price : 24.70
Bid-YTW : 4.92 %

This entry was posted on Tuesday, November 27th, 2012 at 9:25 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “BAM.PF.C Falls on Good Volume”

  1. November 27, 2012 « PrefBlog says:
    November 27, 2012 at 9:36 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « BAM.PF.C Falls on Good Volume […]

  2. November 29, 2012 « PrefBlog says:
    November 30, 2012 at 12:38 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-11-29 Maturity Price : 24.14 Evaluated at bid price : 24.50 Bid-YTW : 4.96 % […]

  3. December 3, 2012 « PrefBlog says:
    December 3, 2012 at 11:19 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2042-12-03 Maturity Price : 24.23 Evaluated at bid price : 24.60 Bid-YTW : 4.94 % […]

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