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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $900 billion of assets under management. Specializing in alternative asset management services, the company offers an extensive range of investment products to a diverse group of investors including public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
Brookfield's portfolio spans several key sectors such as renewable power and transition, infrastructure, private equity, real estate, and credit. The firm invests client capital for the long term with a focus on real assets and essential service businesses that support the global economy.
Recent achievements include a strategic partnership with Zoetis Inc. through a Virtual Power Purchase Agreement, powering a significant portion of the Heart of Texas Wind Farm. Brookfield has also been active in furthering its investment strategies; it has acquired a majority stake in Castlelake, an asset-backed private credit manager, and an additional 5% interest in Oaktree.
Financially, Brookfield is robust, with $107 billion in uncalled fund commitments as of December 31, 2023. The company continues to grow its fee-bearing capital and recently completed the acquisition of AEL through its reinsurance arm, managing an additional $50 billion of capital. Regular dividends are declared, reflecting the company’s commitment to rewarding its shareholders.
Brookfield operates with a philosophy of investing for value across economic cycles, drawing on its heritage as both an owner and operator to generate strong returns for its clients. The company also emphasizes sustainability, as evidenced by its leadership in renewable power and decarbonization solutions.
For more detailed information, visit the Brookfield Asset Management website at bam.brookfield.com.
BROOKFIELD, NEWS, May 19, 2022 – Brookfield (NYSE: BAM) has received TSX approval for a normal course issuer bid to repurchase up to 138.7 million Class A Shares, representing 10% of their public float. The buyback will run from May 25, 2022, to May 24, 2023, or until purchases are completed. As of May 17, 2022, Brookfield had 1.64 billion Class A Shares outstanding, with a public float of 1.39 billion. The company purchased 5.83 million shares in the previous program, averaging a price of US$51.72. Brookfield views repurchasing shares as an attractive investment option.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) declared a quarterly cash dividend of $0.01 per share for stockholders of record as of May 31, 2022. This dividend will be paid on June 30, 2022. GrafTech is a leading manufacturer of high-quality graphite electrode products crucial for electric arc furnace steel production. The company operates three of the highest capacity manufacturing facilities globally and is vertically integrated into petroleum needle coke, enhancing its competitive edge in product quality and cost.
Brookfield (NYSE: BAM) reported strong Q1 2022 results, with net income of $2.96 billion and distributable earnings of $1.18 billion. Fundraising momentum is robust, with fee-bearing capital at $379 billion, up $14 billion in the quarter. A 25% interest in its asset management business will be listed and distributed to shareholders by year-end, tax-free for Canadian and U.S. investors. The company anticipates strong fundraising in 2022, including first closes for several flagship funds. The quarterly dividend is set at $0.14 per share, payable June 30, 2022.
GrafTech International Ltd. reported strong financial results for Q1 2022, with a net income of $124 million ($0.47 per share) and an adjusted EBITDA of $170 million, reflecting a 46% margin. Sales increased by 20% year-over-year to $366 million, driven by a 16% rise in sales volume and improved pricing, with non-LTA prices up 19% sequentially. The company generated $146 million in operating cash flow and reduced debt by $70 million, enhancing its balance sheet. GrafTech aims to benefit from a favorable steel industry outlook and increasing demand for graphite electrodes.
Brookfield will conduct its first quarter 2022 conference call and webcast on May 12, 2022, at 10:00 a.m. (ET). The results will be released that morning before 7:00 a.m. (ET) and can be accessed on their website. Participants can join via a conference call or webcast. For the conference call, pre-registration is required to receive a dial-in number and password. A telephone replay will be available until May 26, 2022. Brookfield Asset Management manages approximately $700 billion in assets across various sectors and is listed under the symbol BAM.
GrafTech International Ltd. (NYSE:EAF) will host its First Quarter 2022 Earnings Conference Call on May 6, 2022, at 10:00 a.m. (EDT). The call aims to discuss financial results for the quarter ending March 31, 2022, and ongoing business initiatives. The earnings release will precede the call, available on their investor relations website. GrafTech specializes in high-quality graphite electrode products, dominating the market with low-cost manufacturing facilities and vertical integration into petroleum needle coke, a critical raw material.
BROOKFIELD, NEWS, March 30, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM) has filed its 2021 annual materials on Form 40-F, including audited financial statements and management’s discussion for the year ending December 31, 2021, with the SEC and Canadian authorities. These documents can be accessed at www.brookfield.com, and hard copies are available to shareholders upon request.
Brookfield manages approximately $690 billion in assets across various sectors, offering alternative investment products globally to public and private investors.
Brookfield Asset Management (NYSE: BAM) reported that a total of 147,537 Series 26 Preference Shares and 27,550 Series 46 Preference Shares were tendered for conversion into Series 27 and Series 47 Preference Shares, respectively. However, with less than one million shares outstanding for each new series by the conversion date of March 31, 2022, these conversions will not occur. Holders will retain their original shares. Brookfield manages approximately US$690 billion in assets across various sectors, indicating its strong position in the global alternative asset management market.
Brookfield and Blackstone have completed the sale of a 49% stake in One Manhattan West for $2.85 billion. This iconic 67-story, 2.1-million-square-foot office tower, part of the larger Manhattan West complex, is a testament to the strong demand for prime office properties post-pandemic. Key tenants include Accenture and EY, highlighting the building's appeal. The partnership with Qatar Investment Authority further underscores the value of quality real estate in hub markets. The deal reflects investor confidence in long-term demand for premium office spaces in New York.
Longpoint Partners has completed a joint venture with Brookfield, recapping a $700-million logistics portfolio covering 3.8 million square feet. This portfolio includes 31 logistics assets located in high-demand areas such as New Jersey, DC, Dallas, South Florida, and Boston, with approximately 97% of the space leased to over 200 tenants. Longpoint, which specializes in logistics real estate, remains actively involved in managing these assets.
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