{"id":7593,"date":"2009-08-19T13:13:49","date_gmt":"2009-08-19T17:13:49","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7593"},"modified":"2009-08-19T13:13:49","modified_gmt":"2009-08-19T17:13:49","slug":"bna-dividends-still-not-declared","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7593","title":{"rendered":"BNA Dividends Still Not Declared"},"content":{"rendered":"

The recent infusion of riches<\/a> doesn’t seem to have improved BAM Split’s ability to service its preferred shareholders to any great extent.<\/p>\n

I have estimated that the ex-date of the current dividend should be tomorrow, August 20, but it has still not been declared.<\/p>\n

The company has made something of a fetish of forgetting to declare dividends<\/a> and at one point declared dividends on some, but not all, of their issues outstanding<\/a><\/p>\n

I have sent an inquiry to the company at ir@brookfield.com<\/a>. Readers may also wish to contact BAM Investments<\/a> and ask why a company they control is so screwed up.<\/p>\n

BAM Split Corp. has the following preferred issues outstanding: BNA.PR.B, BNA.PR.C & BNA.PR.D. All are tracked by HIMIPref™.<\/p>\n

Update, 2009-8-20<\/b>: The TSX is now reporting that the ex-Dividend date for the current distribution was yesterday, August 19.<\/p>\n

Yesterday, of course, they were reporting only the last ex-Date, 2009-5-20.<\/p>\n

Anybody who bought yesterday in expectation of receiving the current distribution has cause for complaint to the company – it won’t get you very far, mind you, but you can complain.<\/p>\n

Update, 2009-08-21<\/b>: I have received a communication from BNA claiming that the dividends were declared in May and included a dividend payable on BNA.PR.A, which has been redeemed.<\/p>\n

I have responded seeking clarification regarding the dividend payable on the redeemed security, and asking why the TSX is reporting a declaration date of 8\/18.<\/p>\n","protected":false},"excerpt":{"rendered":"

The recent infusion of riches doesn’t seem to have improved BAM Split’s ability to service its preferred shareholders to any great extent. I have estimated that the ex-date of the current dividend should be tomorrow, …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7593","post","type-post","status-publish","format-standard","hentry","category-better-communication-please"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7593","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=7593"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7593\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}