PrefBlog

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.

This entry was posted on Monday, March 5th, 2012 at 12:54 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.