What Does Brookfield (TSX:BN) $150 Million Preferred Share Offering Mean?

Brookfield (TSX:BN) announced a new CAD 150 million fixed-income offering of Class A Preferred Shares. The preferred share issue is structured as a fixed-income instrument intended to provide investors with a defined income profile. The new preferred shares are expected to influence Brookfield's capital mix, including its balance between equity and fixed-income obligations. Brookfield's CAD 150 million Class A Preferred Shares fixed-income offering is only one piece of the broader story for...