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Brookfield Renewable Partners L.P. (BEP.UN)
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Brookfield Infrastructure Partners L.P. (BIP.UN)
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Brookfield Asset Management Inc Class A Limited (BAM)
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Brookfield Corporation Class A Limited (BN)
Q: I have been building my position in BN and now sit at 2.63% position size. I am holding a 1.72% position size in BAM in a taxable account. I am thinking of selling BAM and adding the proceeds to BN. Is this wise? In taxable accounts I am more focused on future gains than on dividend return. Currently my BAM position has a gain of 107%. I have ample capital loss reserves to cover any capital gains incurred from selling BAM.
I also hold BEP.UN (1.24% position) and BIP.UN (3.47% position) in registered accounts for diversity and income. No plans to change those.
What do you think about consolidating BAM holdings into BN?
I also hold BEP.UN (1.24% position) and BIP.UN (3.47% position) in registered accounts for diversity and income. No plans to change those.
What do you think about consolidating BAM holdings into BN?
5i Research Answer:
We can't get personal, but we would consider BN the better 'growth' stock if that is an investors' objective. BAM pays the majority of cash flow out as dividends, leaving less room for growth. We would be fine consolidating for growth.