{"id":22229,"date":"2013-06-13T21:59:48","date_gmt":"2013-06-14T01:59:48","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=22229"},"modified":"2013-06-13T21:59:48","modified_gmt":"2013-06-14T01:59:48","slug":"bam-pf-d","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=22229","title":{"rendered":"BAM.PF.D Crashes Onto Market With Good Volume"},"content":{"rendered":"<p>Brookfield Asset Management <a href=\"http:\/\/brookfield.com\/content\/2013_press_releases\/brookfield_completes_c200_million_preferred_share-37352.html\">has announced<\/a>:<\/p>\n<blockquote><p> the completion of its previously announced 4.90% perpetual Class A Preference Shares, Series 37 (\u201cPreferred Shares\u201d) issue in the amount of C$200,000,000. Brookfield issued 8,000,000 Preferred Shares at a price of C$25.00 per share, for total gross proceeds of C$200,000,000. The Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BAM.PF.D.<\/p><\/blockquote>\n<p>BAM.PF.D is a Straight Perpetual, 4.90%, <a href=\"http:\/\/www.prefblog.com\/?p=22072\">announced May 28<\/a> &#8230; just before the floor dropped out of the market. Surprisingly, it seems that the greenshoe was fully exercised, so perhaps the underwriters weren&#8217;t left holding the bag on this one.<\/p>\n<p>The issue will be tracked by HIMIPref&trade; and has been assigned to the PerpetualDiscount subindex.<\/p>\n<p>BAM.PF.D traded 454,120 shares today in a range of 21.75-40 before closing at 22.30-35, 100&#215;5000. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BAM.PF.D<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-06-13<br \/>\nMaturity Price  : 21.99<br \/>\nEvaluated at bid price : 22.30<br \/>\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Asset Management has announced: the completion of its previously announced 4.90% perpetual Class A Preference Shares, Series 37 (\u201cPreferred Shares\u201d) issue in the amount of C$200,000,000. Brookfield issued 8,000,000 Preferred Shares at a price &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-22229","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22229","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=22229"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/22229\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}