Brookfield Corp. 4.90% Preference Shares Class A Series 37 (BROXF)
OTOTC · Preferred · CUSIP 112585567
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Security Details

Coupon Rate
4.90%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
9/30/2022
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.225
Distribution Dates
3/31, 6/30, 9/30 & 12/31
Credit Ratings
Moody's NR · S&P BBB (4/15/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
112585567
Market Cap
Small Cap · $200 Million
IPO
6/13/2013 · $25.00/share
Previous Name
Brookfield Asset Management Inc
Parent Company
Brookfield Asset Management Inc (BN)
Business: Brookfield Corp. formerly Brookfield Asset Management Inc 4.90% Preference Shares Class A Series 37 liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on or after 09/30/2018 at $26 per share plus accrued and unpaid dividends, and with no stated maturity.<p> Cumulative distributions of 4.90% per annum ($1.225 per annum or $0.30625 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> The issuer may redeem the Series 37 Preference Shares in whole or in part, after 09/30/2018 but prior to 09/30/2019 at $26.00 Canadian dollars per share, at $25.75 Canadian dollars per share prior to 09/30/2020, at $25.50 Canadian dollars per share prior to 09/30/2021, at $25.25 Canadian dollars per share prior to 09/30/2022 and at $25.00 Canadian dollars on or after 09/30/2022. <p> In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: All Pricing is in Canadian dollars.

Company Contact

CEO
J. Bruce Flatt
CFO
Nicholas Goodman
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
General Email
enquiries@brookfield.com
SEC EDGAR Filings
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SEDAR+ Filings
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