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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Feb. 27, 3:12 PM

Slide #11. Partners Value Split Corp. Secondary Offering

Company: Partners Value Split Corp. (NYSE:BAM)
Date announced: 2/20/2020
Shares Offered: 6,000,000
Date of Pricing: 2/20/2020
Price Per Share: $25.00
Secondary Offering Details: Partners Value Split Corp. (the "Company") announced today that it has entered into an agreement to sell 6,000,000 Class AA Preferred Shares, Series 10 (the "Series 10 Preferred Shares") to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. on a bought deal basis. The Series 10 Preferred Shares will be issued at a price of $25.00 per share, for gross proceeds of $150,000,000. The Series 10 Preferred Shares will carry a fixed coupon of 4.70% and will have a final maturity of February 28, 2027. The Series 10 Preferred Shares have a provisional rating of Pfd-2 (low) from DBRS Limited. The net proceeds of the offering will be used to pay a special dividend on the Company's capital shares. The Company has granted the underwriters an option, exercisable in whole or part prior to closing, to purchase up to an additional 2,000,000 Series 10 Preferred Shares at the same offering price, which, if exercised, would increase the gross offering size to $200,000,000. Closing of the offering is expected to occur on or about March 2, 2020.

Brookfield Asset Management is an asset management company, with a particular focus on property, renewable power, infrastructure and public equity. Co. has five reportable segments: (a) Property operations; (b) Renewable power operations; (c) Infrastructure operations; (d) Private equity operations; and (e) Assets management services and other operations.


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Company Name: 
Brookfield Asset Management Inc
Stock buyback: 
BAM buyback
Real Estate
Number of ETFs Holding BAM: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.25 out of 4)
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