Q: I just rec'd a mgmt. information circular about a potential reverse exchange. They'd like to "issue exchangeable shares during the 12 month period from the date of the meeting, in connection with one or more exchange or similar transaction whereby holders of Brookfield Class A Share will be given the opportunity on a voluntary basis to exchange their Brookfield Class A Shares for newly-issued exchangeable shares on a one-for-one basis." Can you please provide a simpler explanation and how this is in the interest of the shareholder. Thanks!
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Happy New Year. Thanks for an amazing service.
I have small quantities of BAMR.US shares in multiple accounts. Would you add to this or sell it to clean up your accounts if you already hold BAM.A at 6%?
Thanks
Stew
I have small quantities of BAMR.US shares in multiple accounts. Would you add to this or sell it to clean up your accounts if you already hold BAM.A at 6%?
Thanks
Stew
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Brookfield Asset Management Inc Class A Limited (BAM)
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Brookfield Reinsurance Ltd Cl A Exchangeable Ltd Vtg Shs (BAMR)
Q: An equal number of shares of BAM and BAMR are being held in my portfolio. They have been considered economically equivalent, with a small premium on BAMR initially. Today, BAMR is performing much stronger than BAM.
What is the reason for disparity in the performance? Please kindly predict which one will have a superior performance for a longer term. Thank you for your great service. Bill.
What is the reason for disparity in the performance? Please kindly predict which one will have a superior performance for a longer term. Thank you for your great service. Bill.
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Brookfield Reinsurance Ltd Cl A Exchangeable Ltd Vtg Shs (BAMR)
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Brookfield Asset Management Reinsurance Partners Ltd. Class A Exchangeable Limited Voting Shares (BAMR)
Q: Further to previous questions on BAMR
BAMR has an outline of the characteristics of BAMR which after review makes BAMR different that the previous Brookfield spinouts (i.e. BEPC and BIPC)
https://bamr.brookfield.com/stock-and-distributions/tax-information
BAMR is a Bermuda Corporation, not a Canadian Corporation
BAMR is considered a foreign holding requiring reporting under T-1135
BAMR dividends are NOT Canadian Eligible Dividends
This information was not well presented during the initial spin out and came as a bit of surprise to me after review.
Thanks
BAMR has an outline of the characteristics of BAMR which after review makes BAMR different that the previous Brookfield spinouts (i.e. BEPC and BIPC)
https://bamr.brookfield.com/stock-and-distributions/tax-information
BAMR is a Bermuda Corporation, not a Canadian Corporation
BAMR is considered a foreign holding requiring reporting under T-1135
BAMR dividends are NOT Canadian Eligible Dividends
This information was not well presented during the initial spin out and came as a bit of surprise to me after review.
Thanks
Q: What are your thoughts on this new spin off of Brookfield?
At which price would you consider a good entry point ?
At which price would you consider a good entry point ?
Q: Do you know the cost base of these shares? I have it in a couple of different accounts at TD and the cost base is different in each account. Also, when I go to add BAMR:CA in my 5i Portfolio Analysis only BAMR:US is available.
Q: How does one go about exchanging these shares for BAM?
Q: If I understand correctly this spinoff is always exchangeable on a one for one basis with BAM.a, as well as being an independent entity in its own right.
If so, does BAMR have the additional benefit of acting as a call optionality on BAM.a stock?
Jerry
If so, does BAMR have the additional benefit of acting as a call optionality on BAM.a stock?
Jerry
Q: In one of the answers on BAMR it was said that BAMR is economically equivalent to BAM.A. I'm a little confused on this. My understanding is BAMR is exchangeable for 1 share of BAM.A but it is a separate company that will have it's own earnings/cash flow and so on that is different than BAM.A. So BAMR probably will never trade for less than BAM.A but if BAMR does really well economically then in theory it could go a lot higher than BAM.A based on it's own economic numbers. If this is right than owning BAMR is better because you only need one of two companies to do well for BAMR stock to do well. Please confirm on my understanding. Thank you.
Q: I have received 3 shares of BAMR. What to do? Keep and see what happens. Purchase more shares. Sell to tidy up holdings?
Thanks
Dave.
Thanks
Dave.
Q: What is your outlook prospects recommendation for this spinoff company? What do you feel is a good entry point? I was hoping to buy some but it's taken off like a rocket today.
Q: if the reinsurance business is successful will the future share price of BAMR be higher than BAM.A? will the dividend of BAMR.always be the same as BAM.A? since the shares of BAMR are exchangeable 1 for1 for shares of BAM.A is this then a floor price for BAMR? I am still confused by the answers you have provided and request your patience and further clarification.as I want to invest in the reinsurance industry not BAM.A which I already hold thanks Richard
Q: Do you expect a similar success for the issuance of BAMR by BAM as previously materialized for BIPC and BEPC? Do you recommend accumulating BAMR shares upon issuance ?
Thanks
Thanks