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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.
GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q4 and full year 2021, highlighting a net income of $141 million in Q4 and $388 million for the year, with adjusted EPS of $0.50 and $1.74 respectively. Sales volumes increased 19% in Q4 and 24% over the year. The company reduced total debt by $400 million in 2021 and achieved an adjusted EBITDA of $670 million, maintaining a robust 50% margin. Looking ahead, GrafTech expects further increases in graphite electrode prices and aims to continue strengthening its balance sheet amid a favorable steel market outlook.
Brookfield announced a public offering of $400 million in senior notes due 2052, bearing a 3.625% interest rate. Additionally, a $400 million re-opening of 3.900% notes due 2028 was priced, bringing the total for this series to $1.05 billion. The proceeds from the 2052 notes will finance green investments in line with Brookfield's Green Bond Framework. The notes are offered under an existing base shelf prospectus in Canada and a registration statement in the U.S.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share for stockholders of record as of February 28, 2022, with a payment date of March 31, 2022.
GrafTech specializes in high-quality graphite electrode products crucial for electric arc furnace steel production. The company maintains a competitive edge with its vertically integrated manufacturing facilities, significantly enhancing product quality and reducing costs.
BROOKFIELD is set to host its fourth quarter 2021 conference call and webcast on February 10, 2022, at 10:00 a.m. (ET). Results will be released before 7:00 a.m. (ET) and can be accessed on their website. Participants may join via conference call or webcast, with registration required for both options. A playback of the call will be available until February 24, 2022.
BROOKFIELD, listed as BAM on NYSE, manages approximately US$650 billion in assets across various sectors.
GrafTech International Ltd. (NYSE:EAF) will host its Fourth Quarter and Full Year 2021 Conference Call on February 4, 2022, at 10:00 a.m. (EST), discussing unaudited financial results for the year ending December 31, 2021. The results will be released before market open on the same day and available on their investor relations website. GrafTech is a leading manufacturer of graphite electrode products, crucial for electric arc furnace steel production, and has a competitive edge with vertically integrated manufacturing facilities.
Brookfield has successfully closed its latest real estate debt fund, BREF VI, surpassing its target with over $4 billion in commitments. Nearly 50 investors from public and private pensions, foundations, and financial institutions participated. Brookfield invested $400 million in the fund, emphasizing its commitment alongside investors. So far, the fund has made 15 investments exceeding $700 million in mezzanine lending, focusing on high-quality real estate assets primarily in the U.S. and selectively in Europe.
Brookfield announced that Bruce Flatt, the CEO, will present at the Goldman Sachs 2021 Financial Services Conference on December 8, 2021, at 10:00am ET. A live webcast will be available on the Brookfield website for those interested in joining remotely. For individuals unable to attend, a recording will be accessible shortly after the event.
Brookfield manages approximately US$650 billion in assets across various sectors, including real estate and renewable power, and is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A.
Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) reported strong Q3 2021 financial results, achieving $1.2 billion in distributable earnings and $2.7 billion in net income, significantly up from $542 million the previous year. The firm experienced record inflows of $34 billion this quarter, enhancing its fee-related earnings by 25%. Total assets under management reached approximately $650 billion, and the company plans to double its size over the next five years. A quarterly dividend of $0.13 per share was declared, reflecting the robust financial performance.
Brookfield Asset Management (NYSE: BAM) has successfully closed its second growth fund, Brookfield Technology Partners II (BTP II), with over $500 million in equity commitments. The fund aims to invest in high-growth companies at the nexus of technology and the built environment, leveraging Brookfield's extensive ecosystem. Notable investments include companies like Latch, Carbon Health, and GoodLeap. Managing Partner Josh Raffaelli highlighted the transformative role of technology in real assets, reinforcing Brookfield's commitment to accelerating growth for its portfolio firms.
GrafTech International reported strong financial results for Q3 2021, achieving a net income of $120 million ($0.45 per share) with a 35% net income margin. Sales increased 33% year-over-year to $347 million. Adjusted EBITDA rose 12% to $172 million, reflecting a 50% margin. The company reduced debt by $100 million this quarter and $300 million year-to-date. With a new $150 million stock repurchase program, GrafTech aims to enhance shareholder value amidst rising graphite electrode prices, expected to increase by 7-9% in Q4.
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