{"id":12727,"date":"2010-10-31T11:55:06","date_gmt":"2010-10-31T15:55:06","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=12727"},"modified":"2010-10-31T11:55:06","modified_gmt":"2010-10-31T15:55:06","slug":"bam-pr-t-debuts-soft-on-subdued-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=12727","title":{"rendered":"BAM.PR.T Debuts Soft on Subdued Volume"},"content":{"rendered":"<p>Brookfield Asset Management <a href=\"http:\/\/www.brookfield.com\/content\/2010_press_releases\/brookfield_completes_cdn250_million_preferred_sha-24976.html\">has announced<\/a>:<\/p>\n<blockquote><p>the completion of its previously announced Preferred Shares, Series 26 issue in the amount of CDN$250-million. The offering was underwritten by a syndicate of underwriters led by CIBC, RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.<\/p>\n<p>Brookfield Asset Management issued 10,000,000 Preferred Shares, Series 26 at a price of $25.00 per share, for aggregate gross proceeds of CDN$250,000,000. Holders of the Preferred Shares, Series 26 will be entitled to receive a cumulative quarterly fixed dividend yielding 4.50% annually for the initial period ending March 31, 2017. Thereafter, the dividend rate will be reset every five years at a rate equal to the 5-year Government of Canada bond yield plus 2.31%. The Preferred Shares, Series 26 will commence trading on the Toronto Stock Exchange on October 29, 2010 under the ticker symbol BAM.PR.T.<\/p>\n<p>The net proceeds of the issue will be added to the general funds of Brookfield Asset Management and be used for general corporate purposes.<\/p><\/blockquote>\n<p>BAM.PR.T is a FixedReset, 4.50%+231, <a href=\"http:\/\/www.prefblog.com\/?p=12649\">announced October 21<\/a>. The issue traded 229,985 shares in a range of 24.60-90 before closing at 24.83-86, 300&#215;200.<\/p>\n<p>Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BAM.PR.T<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2040-10-29<br \/>\nMaturity Price  : 23.03<br \/>\nEvaluated at bid price : 24.83<br \/>\nBid-YTW : 4.16 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Asset Management has announced: the completion of its previously announced Preferred Shares, Series 26 issue in the amount of CDN$250-million. The offering was underwritten by a syndicate of underwriters led by CIBC, RBC Capital &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12727","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/12727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12727"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/12727\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}