{"id":43427,"date":"2022-05-16T20:40:32","date_gmt":"2022-05-17T01:40:32","guid":{"rendered":"https:\/\/prefblog.com\/?p=43427"},"modified":"2022-05-16T20:40:32","modified_gmt":"2022-05-17T01:40:32","slug":"may-16-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43427","title":{"rendered":"May 16, 2022"},"content":{"rendered":"

DBRS has commented on the proposed BAM restructuring<\/a>:<\/p>\n

According to DBRS Morningstar\u2019s analysis, with a reduction of 25% in the FFO from the AMB, the Restructuring is expected to have a modestly negative impact on BAM\u2019s credit metrics such as the FFO-to-debt and cash flow-to-debt ratios. However, DBRS Morningstar views the impact as manageable because BAM\u2019s credit metrics are currently strong for the ratings. Moreover, the metrics will remain supported by growing fee-bearing capital and the incremental FFO from Real Estate as a result of last year\u2019s acquisition of the 38% interest in Brookfield Property Partners LP that BAM did not already own. From a business risk profile perspective, the Restructuring is expected to only have a modestly negative impact on BAM\u2019s risk profile as the relative importance of the asset management business, which is viewed as being of higher credit quality relative to BAM\u2019s other business pillars, will decline somewhat. However, DBRS Morningstar notes that the other major business pillars (such as Real Estate, Renewable, Infrastructure, and Private Equity) continue to benefit from sound fundamentals, providing superior business diversification to BAM. Furthermore, the reduction in the AMB FFO only partially offset the significant increases in AUM and fee-bearing capital in recent years.<\/p>\n

DBRS Morningstar believes if the Restructuring is implemented as currently planned, there will be no rating impact on BAM and its guaranteed subsidiaries. However, DBRS Morningstar could take a negative rating action if (1) the Company\u2019s credit metrics weaken materially from the level as required by DBRS Morningstar on a sustained basis; or (2) its business risk profile post Restructuring deteriorates significantly. DBRS Morningstar currently considers these scenarios unlikely.<\/p><\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n3.87 %<\/td>\n4.53 %<\/td>\n20,912<\/td>\n18.31<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,564.2<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2270 %<\/td>\n4,880.3<\/td>\n<\/tr>\n
Floater<\/td>\n4.23 %<\/td>\n4.24 %<\/td>\n44,960<\/td>\n16.90<\/td>\n3<\/td>\n0.2270 %<\/td>\n2,812.5<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5401 %<\/td>\n3,511.4<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.84 %<\/td>\n5.26 %<\/td>\n40,825<\/td>\n3.27<\/td>\n8<\/td>\n0.5401 %<\/td>\n4,193.4<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5401 %<\/td>\n3,271.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.90 %<\/td>\n5.95 %<\/td>\n63,051<\/td>\n13.94<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,955.9<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.80 %<\/td>\n5.90 %<\/td>\n65,377<\/td>\n14.01<\/td>\n35<\/td>\n0.3849 %<\/td>\n3,200.1<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n4.60 %<\/td>\n5.94 %<\/td>\n131,304<\/td>\n14.08<\/td>\n59<\/td>\n0.5562 %<\/td>\n2,520.1<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.72 %<\/td>\n5.88 %<\/td>\n94,554<\/td>\n13.98<\/td>\n20<\/td>\n0.2460 %<\/td>\n3,133.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.65 %<\/td>\n5.02 %<\/td>\n59,053<\/td>\n15.42<\/td>\n2<\/td>\n-0.4931 %<\/td>\n2,620.8<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.11 %<\/td>\n5.21 %<\/td>\n135,665<\/td>\n2.07<\/td>\n9<\/td>\n0.0716 %<\/td>\n2,577.9<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.5562 %<\/td>\n2,576.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.52 %<\/td>\n6.06 %<\/td>\n77,374<\/td>\n14.01<\/td>\n15<\/td>\n1.1940 %<\/td>\n2,652.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n-3.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.96
\nEvaluated at bid price : 22.25
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-3.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 18.10
\nEvaluated at bid price : 18.10
\nBid-YTW : 7.04 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-2.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 13.00
\nEvaluated at bid price : 13.00
\nBid-YTW : 4.35 %<\/td>\n<\/tr>\n
PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.63
\nEvaluated at bid price : 22.91
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.85
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\n1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 17.70
\nEvaluated at bid price : 17.70
\nBid-YTW : 6.62 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nInsurance Straight<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nInsurance Straight<\/td>\n1.36 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.30
\nBid-YTW : 5.91 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2027-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.05
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\n1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
GWO.PR.P<\/td>\nInsurance Straight<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.86
\nEvaluated at bid price : 23.13
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n
BAM.PF.B<\/td>\nFixedReset Disc<\/td>\n1.46 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.80
\nEvaluated at bid price : 20.80
\nBid-YTW : 6.50 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.85
\nEvaluated at bid price : 19.85
\nBid-YTW : 6.20 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n1.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.49
\nEvaluated at bid price : 21.75
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Disc<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.84
\nEvaluated at bid price : 20.84
\nBid-YTW : 6.01 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n1.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.10
\nEvaluated at bid price : 21.10
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.65 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 18.55
\nEvaluated at bid price : 18.55
\nBid-YTW : 6.44 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 12.87
\nEvaluated at bid price : 12.87
\nBid-YTW : 7.07 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n1.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.93
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
CU.PR.F<\/td>\nPerpetual-Discount<\/td>\n1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.81 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 13.50
\nEvaluated at bid price : 13.50
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.83 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.81
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n2.01 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n2.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 6.69 %<\/td>\n<\/tr>\n
PVS.PR.I<\/td>\nSplitShare<\/td>\n2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.70
\nBid-YTW : 5.07 %<\/td>\n<\/tr>\n
FTS.PR.H<\/td>\nFixedReset Disc<\/td>\n2.16 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 6.47 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.25
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n2.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 13.36
\nEvaluated at bid price : 13.36
\nBid-YTW : 4.24 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
CM.PR.O<\/td>\nFixedReset Disc<\/td>\n2.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.90
\nEvaluated at bid price : 20.90
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n2.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 15.65
\nEvaluated at bid price : 15.65
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n3.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 15.20
\nEvaluated at bid price : 15.20
\nBid-YTW : 6.25 %<\/td>\n<\/tr>\n
CM.PR.P<\/td>\nFixedReset Disc<\/td>\n3.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n3.86 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.25
\nEvaluated at bid price : 21.25
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
MFC.PR.N<\/td>\nFixedReset Ins Non<\/td>\n4.51 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.38
\nEvaluated at bid price : 20.38
\nBid-YTW : 6.06 %<\/td>\n<\/tr>\n
NA.PR.G<\/td>\nFixedReset Disc<\/td>\n4.59 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 23.54
\nEvaluated at bid price : 23.95
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n7.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.83
\nEvaluated at bid price : 19.83
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
IFC.PR.I<\/td>\nPerpetual-Discount<\/td>\n55,225<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.63
\nEvaluated at bid price : 22.91
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n27,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 22.47
\nEvaluated at bid price : 23.01
\nBid-YTW : 6.34 %<\/td>\n<\/tr>\n
NA.PR.C<\/td>\nFixedReset Disc<\/td>\n25,501<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2022-11-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.84
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n19,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 13.50
\nEvaluated at bid price : 13.50
\nBid-YTW : 7.05 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nInsurance Straight<\/td>\n17,738<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.95
\nEvaluated at bid price : 22.21
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n
CU.PR.G<\/td>\nPerpetual-Discount<\/td>\n15,877<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.35
\nEvaluated at bid price : 19.35
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
There were 2 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CU.PR.E<\/td>\nPerpetual-Discount<\/td>\nQuote: 21.05 – 25.12
\nSpot Rate : 4.0700
\nAverage : 2.4102<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n

CIU.PR.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.65 – 22.00
\nSpot Rate : 2.3500
\nAverage : 1.5051<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.65
\nEvaluated at bid price : 19.65
\nBid-YTW : 5.88 %<\/td>\n<\/tr>\n

BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.00 – 22.25
\nSpot Rate : 2.2500
\nAverage : 1.4082<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 20.00
\nEvaluated at bid price : 20.00
\nBid-YTW : 6.04 %<\/td>\n<\/tr>\n

PWF.PF.A<\/td>\nPerpetual-Discount<\/td>\nQuote: 19.91 – 22.00
\nSpot Rate : 2.0900
\nAverage : 1.3230<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 19.91
\nEvaluated at bid price : 19.91
\nBid-YTW : 5.71 %<\/td>\n<\/tr>\n

BAM.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 18.35 – 20.50
\nSpot Rate : 2.1500
\nAverage : 1.4517<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 18.35
\nEvaluated at bid price : 18.35
\nBid-YTW : 6.53 %<\/td>\n<\/tr>\n

CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 21.38 – 22.99
\nSpot Rate : 1.6100
\nAverage : 0.9992<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-05-16
\nMaturity Price : 21.38
\nEvaluated at bid price : 21.38
\nBid-YTW : 6.11 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

DBRS has commented on the proposed BAM restructuring: According to DBRS Morningstar\u2019s analysis, with a reduction of 25% in the FFO from the AMB, the Restructuring is expected to have a modestly negative impact on …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-43427","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43427","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=43427"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43427\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}