Overview
Description
Brookfield Corporation 4.9% Perpetual Preferred Stock represents a class of equity offered by Brookfield Corporation, characterized by its fixed preferred dividend rate of 4.9%. This perpetual preferred stock is an attractive option for entities seeking steady income due to its reliability in dividend payments. Its perpetual nature implies that it does not possess a maturity date, distinguishing it from debt instruments with finite terms. As a preferred stock, it holds a higher claim on the company’s assets and earnings than common stock, often making it a less volatile investment in terms of market price while providing potential income through dividend yields. Brookfield Corporation, a global asset management company, leverages this financial instrument to raise capital, offering investors an opportunity to invest in its diverse portfolio of infrastructure, real estate, renewable power, and private equity businesses, constantly impacting these sectors through its strategic initiatives and long-term asset management approach. In the financial market, such perpetual preferred stocks are essential for investors focusing on stable income and capital preservation over extended periods.
About
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Instrument type
Common stock
Sector
Industry
Country
Canada
MIC code
XTSE