Brookfield has announced that the rate to be paid from Nov. 1, 2006 to October 31, 2011 on BAM.PR.G will be 4.35%, or $1.0875 per share per annum … something of a haircut from the 5.63% they’ve been paying for the last five years!
As previously noted, this issue is exchangeable into BAM.PR.E. The deadline for converting is Wednesday October 18.
BAM.PR.E closed 10/13 at 25.05-45; BAM.PR.G closed 10/13 at 25.00-15.
[…] Brookfield has announced the results of the BAM.PR.E (Series 8 ) / BAM.PR.G (Series 9 ) conversion privilege, last discussed in this blog here. Holders of 272,614 Series 8 Preferred Shares have elected to convert these shares into an equivalent number of Series 9 Preferred Shares, and holders of 1,028,770 Series 9 Preferred Shares have elected to convert these shares into an equivalent number of Series 8 Preferred Shares. […]