See updates, below
I have heard from a non-authoritative source that:
4. The series 9 Preferred Shares curently pay a fixed annual dividend of 4.35% applied to $25.00 per share, payable quarterly. the final quarterly dividend payable at this rate of 40.271875 per share in Canadian funds is payable on November 1, 2011 to shareholders of record 15, 2011.
5. After November 1, 2011, the Series 9 Preferred shares will pay, on a quaterly basis, as and when declared by the Board of Directors of the Corporation, a fixed annual dividend of $0.95 per share in Canadian funds for the following five years, representing a yield of 3.80% applied to $25.00 per share.
However I see nothing on the Brookfield website about this, nor is there anything on SEDAR. A rate of 3.80% would be very generous compared with my estimate of 3.12% for BCE.PR.T (which will be finalized in mid-October).
I have sent an inquiry to the company.
The issue is convertable to and from BAM.PR.E on 2011-11-1
Update, 2011-9-29: The company directed me to a web page with all the information. The Notice of Conversion Privilege for BAM.PR.G‘s Point 5 reads in full:
I can confirm this. I have received the info by e-mail from the company because Canada Post is in 2-week delivery mode. A friend received his by snail mail a few days ago. The company letter is dated Sep 12.
3.8% is pretty nice under the circumstances!
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