{"id":24684,"date":"2014-03-13T20:27:55","date_gmt":"2014-03-14T01:27:55","guid":{"rendered":"http:\/\/prefblog.com\/?p=24684"},"modified":"2014-03-13T20:27:55","modified_gmt":"2014-03-14T01:27:55","slug":"bam-pf-e-sinks-on-light-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24684","title":{"rendered":"BAM.PF.E Sinks on Light Volume"},"content":{"rendered":"<p>Brookfield Asset Management Inc. <a href=\"http:\/\/brookfield.com\/content\/2014_press_releases\/brookfield_completes_cdn200_million_preferred_sha-39538.html\">has announced<\/a>:<\/p>\n<blockquote><p> the completion of its previously announced Class A Preference Shares, Series 38 (\u201cSeries 38 Preferred Shares\u201d) issue in the amount of C$200,000,000. The offering was underwritten by a syndicate led by TD Securities Inc., CIBC, RBC Capital Markets and Scotiabank.<\/p>\n<p> Brookfield issued 8,000,000 Series 38 Preferred Shares at a price of C$25.00 per share, for total gross proceeds of C$200,000,000. Holders of the Series 38 Preferred Shares will be entitled to receive a cumulative quarterly fixed dividend yielding 4.40% annually for the initial period ending March 31, 2020. Thereafter, the dividend rate will be reset every five years at a rate equal to the 5-year Government of Canada bond yield plus 2.55%. The Series 38 Preferred Shares will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BAM.PF.E.<\/p><\/blockquote>\n<p>BAM.PF.E is a FixedReset, 4.40%+255, <a href=\"http:\/\/prefblog.com\/?p=24603\">announced March 6<\/a>. It will be tracked by HIMIPref&trade; and is assigned to the FixedReset subindex.<\/p>\n<p>The issue traded 78,180 shares today in a range of 24.60-84 before closing at 24.60-64, 37&#215;60. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BAM.PF.E<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2044-03-13<br \/>\nMaturity Price  : 22.97<br \/>\nEvaluated at bid price : 24.60<br \/>\nBid-YTW : 4.22 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Asset Management Inc. has announced: the completion of its previously announced Class A Preference Shares, Series 38 (\u201cSeries 38 Preferred Shares\u201d) issue in the amount of C$200,000,000. The offering was underwritten by a syndicate &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-24684","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24684","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=24684"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24684\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}