Frequently Asked Questions
What are the trading symbols and CUSIP numbers of BAM Split Corp’s preference shares?
Preference Shares |
TSX Listed |
CUSIP #’s |
Preferred Class AA, Series 1 |
BNA.PR.B BNA.PR.C BNA.PR.D |
05936N305 05936N404 05936N503 |
Note: The Preferred Class A shares (BNA.PR.A, CUSIP# 05936N206) were redeemed in July 2009 for $25.25 per share.
How is the NAV calculated?
Net Asset Value per Unit (“NAV per Unit”) is calculated using the value of BAM shares held by the company plus (minus) the amount by which the value of the other assets of the company exceed (are less than) the liabilities (including any extraordinary liabilities) of the company, divided by the total number of Units outstanding. A “Unit” is considered to consist of one Capital Share and one Preferred Share (of any class or series). For greater certainty, the Preferred Shares will not be treated as liabilities for purposes of determining NAV per Unit.
Is the NAV posted on the BAM Split Corp website the same for all three preference shares issues?
Yes. NAV is calculated on a per unit basis. A “Unit” is considered to consist of one Capital Share and one Preferred Share (of any class or series).
What are the redemption dates?
Series B Redemption period commences March 25, 2009; mandatory redemption March 25, 2016.
Series C Redemption period commences January 10, 2012; mandatory redemption January 10, 2019.
Series D Currently in redemption period; mandatory redemption July 9, 2014.
What is the frequency of distribution?
Quarterly: March, June, September, and December.
What is the total number of common shares in the company?
100 Class A Voting. Note that the common shares are not pertinent for calculating NAV, you should use the total number of Capital Shares outstanding. Currently there are 14,713,000 Capital Shares outstanding.