Brookfield Asset Management To Issue Class A Preferred Shares: Financial Business Wrap

Brookfield Asset Management (NYSE:BAM) sais Tuesday that it will issue 6,000,000 4.85 percent perpetual Class A Preferred Shares, Series 36 on a bought deal basis, to a syndicate of underwriters that is headed by Scotiabank (NYSE:BNS), RBC Capital Markets, CIBC, and TD Securities for public distribution. The Preferred Shares will be issued at C$25 a share, to amount to gross proceeds of C$150 million.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>