Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares

All amounts in Canadian dollars unless otherwise stated.

BROOKFIELD, NEWS, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. BAMBAMBAMA)) ("Brookfield") today announced that it has determined the quarterly dividend on its floating rate Cumulative Class A Preference Shares, Series 25 ("Series 25 Shares") BAM.

The dividend on the Series 25 Shares is paid at an annual rate, calculated for each quarter, of 2.30% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the January 1, 2019 to March 31, 2019 dividend period will be 0.98951% (4.013% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.2473775 per share, payable on March 29, 2019.

Brookfield Asset Management

Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$330 billion in assets under management. The company has more than a 115-year history of owning and operating assets with a focus on real estate, renewable power, infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and BAMA, respectively.

For more information, please visit our website at www.brookfield.com or contact: 

Claire Holland

Communications & Media

Tel: (416) 369-8236

Email: Claire.holland@brookfield.com
 Linda Northwood

Investor Relations

Tel: (416) 359-8647

Email: Linda.northwood@brookfield.com

Brookfield-Blue-Pantone-540b.jpg

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: NewsDividendsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!