{"id":19716,"date":"2012-09-13T01:07:01","date_gmt":"2012-09-13T05:07:01","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=19716"},"modified":"2012-09-13T01:07:01","modified_gmt":"2012-09-13T05:07:01","slug":"bam-pf-b-closes-firm-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=19716","title":{"rendered":"BAM.PF.B Closes Firm on Good Volume"},"content":{"rendered":"<p>Brookfield Asset Management <a href=\"http:\/\/www.brookfield.com\/content\/2012_press_releases\/brookfield_completes_cdn250_million_preferred_sha-35331.html\">has announced<\/a>:<\/p>\n<blockquote><p>the completion of its previously announced Class A Preference Shares, Series 34 issue in the amount of CDN$250,000,000.<\/p>\n<p>Brookfield issued 10,000,000 Series 34 Shares at a price of CDN$25.00 per share, for total gross proceeds of CDN$250,000,000. Holders of the Series 34 Shares will be entitled to receive a cumulative quarterly fixed dividend yielding 4.20% annually for the initial period ending March 31, 2019. Thereafter, the dividend rate will be reset every five years at a rate equal to the 5-year Government of Canada bond yield plus 2.63%. The Series 34 Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BAM.PF.B.<\/p><\/blockquote>\n<p>BAM.PF.B is a FixedReset, 4.20%+263, <a href=\"http:\/\/www.prefblog.com\/?p=19553\">announced August 23<\/a>. The issue traded 332,922 shares today in a range of 24.91-00 before closing at 24.96-00, 30&#215;219. Vital Statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BAM.PF.B<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2042-09-12<br \/>\nMaturity Price  : 23.08<br \/>\nEvaluated at bid price : 24.96<br \/>\nBid-YTW : 3.95 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Asset Management has announced: the completion of its previously announced Class A Preference Shares, Series 34 issue in the amount of CDN$250,000,000. Brookfield issued 10,000,000 Series 34 Shares at a price of CDN$25.00 per &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-19716","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19716","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=19716"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19716\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}