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Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $55.30)
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Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares (BEPC $46.29)
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Brookfield Corporation Class A Limited Voting Shares (BN $90.27)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $82.65)
Q: Good afternoon - I have several Brookfield positions. My BN and BAM positions have more than doubled. My BEPC and BIPC positions have done well but nowhere close to a double. I do get higher dividends in BEPC and BIPC but BAM pays almost 3% at current prices. I'm thinking of selling BEPC and BIPC and putting the proceeds into BAM. The tax consequences are manageable. Your thoughts, please.
5i Research Answer:
With recent deals, BEPC has found its mojo again, and is up 22% YTD now. But overall we would be fine with such a proposal if an investor is OK with lower yields. BN/BAM both remain amongst our current favourite stocks in Canada and both hit new highs yesterday.