{"id":45713,"date":"2023-09-08T17:48:31","date_gmt":"2023-09-08T22:48:31","guid":{"rendered":"https:\/\/prefblog.com\/?p=45713"},"modified":"2023-09-08T17:48:31","modified_gmt":"2023-09-08T22:48:31","slug":"bn-pf-a-no-daycount-factor-on-dividends","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45713","title":{"rendered":"BN.PF.A : No Daycount Factor on Dividends"},"content":{"rendered":"<p>The story so far:<br \/>\n1. A <a href=\"https:\/\/prefblog.com\/?p=45677#comment-207427\">reset rate of 6.744% was announced<\/a>, with a dividend amount that did not compute.<br \/>\n2. The company said the dividend amount stated <a href=\"https:\/\/prefblog.com\/?p=45705\">included a daycount factor<\/a>, but did not get back to me quickly to respond to my further questions<br \/>\n3. And now &#8230;<\/p>\n<p>I have received the following communication from Brookfield Investor Relations:<\/p>\n<blockquote><p>If series 32 shares are not converted, a fixed-rate dividend of $0.4215 (C$25 x 6.744% \/ 4 quarters) will be made each quarter and it will not be adjusted for a day-count factor. Please disregard our previous email, which may have suggested that it would be. The Canadian Depository for Securities Limited (CDS Ltd.) will publish a bulletin that confirms the aforementioned dividend rate, which you can access through your broker.<\/p>\n<p>We apologize for any confusion. Please let us know if you have any other questions or need further clarification.<\/p><\/blockquote>\n<p>So all&#8217;s well that ends well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The story so far: 1. A reset rate of 6.744% was announced, with a dividend amount that did not compute. 2. The company said the dividend amount stated included a daycount factor, but did not &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-45713","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45713","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=45713"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45713\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}