Investment Q&A

Q: Will the 10% US withholding tax on dispositions and distributions of PTPs, levied against non-US persons effective January 1, 2023 apply to the old BAM.A or the new BN (or both)? And how is BAMR impacted?

Brookfield website says "section 1446(f) will not apply) to BAM.A but gives no detail, unlike their website on BIP (which details that section 1446(f) does not apply due to being Bermuda based and that the 10% exception rule applies)

I have a significant holding in BAM.A and want to know if I should take action prior to Jan 1, 2023

Q: What's up with BAMR today ... dropping like a stone. Think this is a buying opportunity ??

Q: What is your view on BAMR. It has not well since I bought it. Any decent prospects?

Q: Do shareholders in BAMR also receive the spinoff from Bam?
Jerry

Q: I'm keen to exchange the shares of BAMR for BAM.A, especially before the spinout on one of the "divisions" of BAM.A. Recently in a Q&A, you mentioned now might not be the time to do it. Me, wondering what would be the ideal or right time look like to do this exchange. Thanks for such a narrative.......Tom

Q: In my non-registered account I have BAM.A with a portfolio weighting of 4 % & BAMR with a weighting of 0.02 %. Is there any advantage with holding two separate stocks of the same company. If not which would you recommended aggregating all the shares to BAM.A or BAMR. Thanks … Cal

Q: I have a single share of BAMR from the spinoff. Am I able to have a BAMR share journaled (if that's the correct term) to a BAM.a share?

Thanks

Q: What will holders of BAMR receive as exchangeable shares in the management spinoff of BAM.a or is it presently known?

Q: Are both BAM.A & BAMR eligible for the divided tax credit. Thanks. Cal

Q: 5I
Of all Brookfield stocks which ones need to be
reported in 1135?

Bam.a Bamr Bip.un Bipc Bep.un Bepc Bbu.un Bbuc Bpy.pra

thanks ralph

Q: You mention in your company report that TSU initially had a relationship with BAM. Do they still have some sort of relationship , for instance marketing channels or shareholding’s ? Is there any chance of TSU and BAMR doing something together ?
Thanks. Derek

Q: Further to Cal's question on taxation of the BAMR to BAM.A exchange: the BAMR website states the following:

The exchange would be considered a disposition of the Class A Share of BAM Re. A Canadian resident shareholder who disposes of a share of BAM Re via an exchange would recognize gain or loss equal to the difference between the fair market value of the BAM shares received (at the time of the exchange) and the adjusted cost basis (“ACB”) of the BAM Re Class A shares exchanged.

Q: In a response to Craig on 19 Jan you stated that "Without reference to goals or risk, we would side with the significantly larger and more diversified BAMR". TD Waterhouse lists the market cap for BAMR at $534 million whereas TSU is listed at $1.8 billion. However I see that on your profile page you list BAMR at $1.93 billion, only slightly higher than TSU.

Q: Which company would you prefer for a long term hold and why?

Q: Hi 5i Team,

I am looking to invest approx. $6k in my TFSA and approx. $28K in my RRSP for Jan/Feb of 2022. My potential stock picks for each account are:

TFSA - AT, TOI, CJT
RRSP - T, BEP.UN, BAMR, SJ

I am leaning more towards T & BEP.UN for my RRSP since I do not have much exposure to Utilities in my overall portfolio exposure (Tip my hat to your Potfolio Tracking for pointing that out!)

I am leaning towards adding to AT (I already own a significant amount of shares but I am extremely tempted by the current stock price) or CJT since I believe the potential ecommerce headwinds for the company will be significant over the next few years.

If you could rank or provide your thoughts on these companies in this current (depressing) market environment it would be of great help. If you have better candidates to look at that would also be welcome. Plan to hold for 5 to 10yrs.

I am new to this service but just wanted to say that I have been very impressed with 5i so far. I appreciate all the work you do for DIY investors and wish you and your staff a Merry Christmas and a better new year.

Thank you in advance.

Q: Hi, for an rrsp acct. who do like for 4years+ . I think maybe MFC and SLF would be similar, but not sure about BAMR? Would it be the better choice for growth? Dividend is always nice but not necessary.
Thanks

Q: I am deciding which one to buy. There is a $2.00 premium for BAMR which is one to one exchangeable with BAM. But my thinking is that BAMR might have more growth as a new company trying to reach a certain scale. I like the (Re) insurance business. There are other considerations such as valuation, stock correlation, market float etc which I appreciate your comments on. Which would you buy? Thanks Derek

Q: Good day. Is there any way to guestimate the financial liability to BAMR of Hurricane Ida?

Q: I am confused about the 'paired' nature of this stock as it relates to BAM.A. This seems to suggest that if you own BAM.A there is no point in buying or owning BAMR as they are essentially the same stock. Why even list it, then? It doesn't matter how well the company does or doesn't do as its' share price will remain equivalent to BAM.A. Or is this a temporary thing?

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