Brookfield Asset Management Cumulative Class A Preference Shares, Series 12 Ex-Dividend Reminder

On 3/12/14, Brookfield Asset Management Inc's 5.4% Cumulative Class A Preference Shares, Series 12 (TSX: BAM-PRJ.TO) will trade ex-dividend, for its quarterly dividend of $0.3375, payable on 3/31/14. As a percentage of BAM.PRJ's recent share price of $26.32, this dividend works out to approximately 1.28%, so look for shares of BAM.PRJ to trade 1.28% lower — all else being equal — when BAM.PRJ shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 5.13%.

As of last close, BAM.PRJ was trading at a 5.28% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible.The chart below shows the one year performance of BAM.PRJ shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRJ, showing historical dividends prior to the most recent $0.3375 on Brookfield Asset Management Inc's 5.4% Cumulative Class A Preference Shares, Series 12:

BAM.PRJ+Dividend+History+Chart

In Monday trading, Brookfield Asset Management Inc's 5.4% Cumulative Class A Preference Shares, Series 12 (TSX: BAM-PRJ.TO) is currently trading flat on the day, while the common shares ( BAM) are trading flat.

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