Beginning in the first quarter of 2023:

the Corporation is expected to pay a quarterly dividend of $0.07 per Corporation class A limited voting share (representing $0.28 per annum) and:
the Manager is expected to pay a quarterly dividend of $0.32 per Manager class A limited voting share.

Combined, and assuming Corporation shareholders retain their Manager shares received in the Arrangement, the Corporation's quarterly dividend of $0.07 per share and the Manager's quarterly dividend of $0.32 per share (equivalent to $0.08 per share held today, adjusted for the shares being distributed to the public), would equate to $0.15 per current Class A share: representing a 7% increase.

Brookfield shareholders of record at November 30, 2022 will receive the previously declared fourth quarter 2022 dividend of $0.14 on December 30, 2022.

bn.brookfield.com - Brookfield announces dividend manager and corporation

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That's a (0.32*4)/27.50 = 4.65% yield for BAM.

(0.32*4) multiplied by 408.825 million shares (representing 25% of BAM) comes to 523.296 million. Same as 2.093 billion for 100% of BAM.

Given that payout is 90% of earnings, DE for BAM is 2.093/0.9 = 2.32 billion. This is in line with expectations and expected to double by 2027 per Investor Day presentations.

Current yield of 4.65 plus 15% earnings growth per year equates to a 18 - 20% annual total return.

I am not saying this will actually happen. Just laying out the numbers for others to review and comment.