Welcome to our dedicated page for Brookfield Asset Management Ltd. news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asset Management Ltd. stock.
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.
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.
Longpoint Partners, a Boston-based real estate investment firm, has closed a joint venture with Brookfield to recapitalize a $700-million logistics portfolio encompassing 3.8 million square feet. The portfolio includes 31 logistics assets located in high-demand U.S. markets, approximately 97% leased to over 200 tenants. This partnership aims to leverage demographic trends and technological advancements to create long-term value. Longpoint will retain management responsibilities for the portfolio.
BROOKFIELD, NEWS, March 02, 2022 – Brookfield has announced fixed dividend rates for its Cumulative Class A Preference Shares. Series 26 Shares will pay an annual rate of 3.846% ($0.240375 per quarter), while Series 46 Shares will pay an annual rate of 5.386% ($0.336625 per quarter). Holders of Series 26 and Series 46 Shares can convert them into Series 27 and Series 47 Shares, respectively, effective March 31, 2022. The Toronto Stock Exchange has conditionally approved the listings of the new shares. The dividends for Series 27 and 47 Shares will be calculated based on floating rates.
GrafTech International Ltd. (NYSE:EAF) announced CEO David J. Rintoul's intent to retire by June 2022, with a search for his successor underway. Chairman Denis Turcotte expressed gratitude for Rintoul's leadership since the company's IPO in 2018. GrafTech specializes in high-quality graphite electrode production, essential for steel manufacturing, and is uniquely vertically integrated into petroleum needle coke supply, enhancing their market position.
Facilio, a leader in property operations software, secured $35 million in Series B funding led by Dragoneer Investment Group, with participation from Brookfield Growth and existing investors. This investment aims to enhance Facilio's AI-driven platform that optimizes property operations by integrating data from various systems. Founded in 2017, the company serves a broad client base across commercial real estate, healthcare, and education sectors, and is positioned to lead the shift towards IoT-connected buildings. Facilio operates within the $50 billion commercial real estate software market.
Brookfield Asset Management announced an 8% dividend increase to $0.14 per share, with record financial results for 2021. The company reported a net income of $12.4 billion and distributable earnings of $6.3 billion, marking a 49% year-over-year increase. Capital inflows reached $71 billion, supported by significant asset sales totaling $42 billion. Key highlights include a 33% rise in fee-related earnings, reaching $1.9 billion, and a record carried interest of $1.7 billion, contributing to strong future growth potential.
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