Business News • MarketWire • (BNB-TSX) BAM Investments Reports 2010 Second Quarter Results |
(BNB-TSX) BAM Investments Reports 2010 Second Quarter Results |
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(BNB-TSX) BAM Investments Reports 2010 Second Quarter Results
TORONTO, ONTARIO--(Marketwire - Aug. 13, 2010) - BAM Investments Corp. (TSX:BNB) today announced its financial results for the second quarter ended June 30, 2010.
BAM Investments Corp. recorded net income of $3.2 million ($0.04 per common share) for the three months ended June 30, 2010 compared to $4.0 million ($0.05 per common share) in the same period of 2009. The higher income in 2009 reflects an increased amount of Canadian dollar dividends received on the company's investment in Brookfield Asset Management Inc. ("Brookfield"), which declares dividends in U.S. dollars, partially offset by interest income on the high yield bond portfolio which was acquired in December 2009.
View More : http://www.marketwire.com/mw/release.do?id=1304631&sourceType=3
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