🔒
Price chart and 15 days of daily prices
Candlestick chart with moving averages, Bollinger bands and MACD.
Register free to view.
Security Details
- Coupon Rate
- 4.63%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 10/16/2025
- Maturity Date
- 10/16/2080
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.15625
- Distribution Dates
- 1/16, 4/16, 7/16 & 10/16
- Credit Ratings
- Moody's Baa2 · S&P BBB (4/15/2025)
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 11271L102
- Market Cap
- Small Cap · $400 Million
- IPO
- 10/8/2020 · $25/share
- Previous Symbol
- BAMH (changed 12/12/2022)
- Parent Company
- Brookfield Asset Management Inc. (BN)
Business: Brookfield Finance Inc. 4.625% Subordinated Notes due 10/16/2080 guaranteed by Brookfield Corp. formerly Brookfield Asset Management Inc. (NYSE: BN) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 10/16/2025 at $25 per note plus accrued and unpaid interest, and maturing 10/16/2080. <p> Interest distributions of 4.625% per annum ($1.15625 per annum or $0.2890625 per quarter) will be paid quarterly on 1/16, 4/16, 7/16 & 10/16 to holders of record on the record date (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. </p> The issuer may elect to defer the interest payable on the Notes on one or more occasions for up to 60 consecutive months (see prospectus for further information). This security is possibly subject to an early call before 10/16/2025 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 120 days of a tax event; before 10/16/2025 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 120 days of the occurrence of a rating agency event (see prospectus for further information). The notes may be converted automatically without consent of the holder into Exchange Preference Shares during an "Automatic Exchange Event" in which the company has entered bankruptcy or otherwise deemed insolvent (see prospectus for more details). <p> This security was rated as Baa3 by Moody’s and BBB by S&P at the date of its IPO. This security was rated as BBB by Fitch Ratings Co. and BBB by DBRS Morningstar at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: The 4.625% Junior Subordinated Notes were issued on 10/08/2020 but are not yet trading on the stock markets. They have been assigned the temporary ticker symbol TEMP22 by Quantum Online until they start trading on the NYSE or on the Other OTC market and their ticker symbol is known. The shares are expected to start trading on the NYSE within 30 days of their issue date and could, but not necessarily will, start trading on the Other OTC market at any time on an interim basis.
Company Contact
- CEO
- J. Bruce Flatt
- CFO
- Brian Lawson
- Headquarters
- Suite 300, Brookfield Place, 181 Bay Street, Toronto M5J 2T3, Canada
- Phone
- 416-363-9491 · Toll-Free 866-989-0311
- Fax
- 416-365-9642
- Investor Relations
- Cara Silverman · 416-649-8172 · cara.silverman@brookfield.com