On June 28, 2021, the holders of Brookfield’s class A and class B limited voting shares of record as of June 18, 2021 will be entitled to receive one class A exchangeable limited voting share (an “exchangeable share”...BAMR) for every 145 Brookfield class A and class B limited voting shares held (each, a “Brookfield Share”).
(special dividend of shares of Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance”).)
So....if I read this right.....it appears you'll get approximately 6.9 shares of BAM Reinsurance (BAMR) for every 1,000 shares of BAM you own. But, Brookfield’s shareholders will receive a cash payment in lieu of any fractional interests in an exchangeable share. So if you own only 1,000 shares, you'll get 6 shares of BAMR and some cash for the balance. And maybe a charge by your broker for handling this.
h
Brought my first shares in BAM today, I like the way management think long term and their capital allocation
Bullish
M
Currently BAM and Microsoft are 20% each of my portfolio. I was in the process of reducing both positions (by adding to my investments not by selling) and diversifying. After this ER, and after reviewing the BAM portfolio, I will be adding to maintain BAM as my largest position with 20% allocation. Fantastic fantastic stock, strategy, diversification in real assets and dividend to boot.
Bullish
D
To the people who think $BEP/$BEPC or $BIP/$BIPC is better than $BAM because of last year stock perfomance: In the end BAM will outperform all its subsidiaries. You know why? Because BAM controls all of them, it sells when the market is exuberant and buys back in when there is value again.
Plus, BAM has a huge private market exposure. You dont a piece of that with the publicly traded subisidiaries of BAM.
M
BAM is a great core holding type stock.
Bullish
a
BAM is my entire TFSA...please do well going forward! lol
Bullish
n
Bought some @59.77 early morning in TSFA, order was 59.9 no complaints . Sit back and see it grows
L
So BAM has bought back about 8M shares so far and still have 125M shares to go. Hope they will keep buying back shares.
L
It reached $60 mark today! There is so much potential with this company. I can only see the price going up more.
M
Applied to work with them in Calgary. Got rejected. Thanks for getting me paid anyways
Bullish
J
Massively underrated stock..
Bullish
L
I am surprised that BAM didn't jump by 5% with the stellar ER.
R
Have they announced a stick split yet? usually at around $60 Canadian they split 3 for 2.
S
I only own 100 Shares . boooohooo. Bought at 42 CDN. never let me sell this thing until I retire.
J
I own several Brookfield investments now. If you want some fun reading look at how wild each of the subsidiaries are. Brookfield is like a pooled pension fund! Smart company and well managed :)
(special dividend of shares of Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance”).)
So....if I read this right.....it appears you'll get approximately 6.9 shares of BAM Reinsurance (BAMR) for every 1,000 shares of BAM you own. But, Brookfield’s shareholders will receive a cash payment in lieu of any fractional interests in an exchangeable share. So if you own only 1,000 shares, you'll get 6 shares of BAMR and some cash for the balance. And maybe a charge by your broker for handling this.
Plus, BAM has a huge private market exposure. You dont a piece of that with the publicly traded subisidiaries of BAM.