Brookfield Asset Management Ltd. - BAM STOCK NEWS

Brookfield Asset Management announced the closing of its Brookfield Global Transition Fund (BGTF) with an initial capital of US$7 billion, marking it as the largest fund aimed at a net-zero economy. The hard cap is set at US$12.5 billion. Founding partners include Ontario Teachers’ and Temasek, both committing significant capital. The Fund will leverage Brookfield’s expertise in renewable power to drive investments in decarbonization and sustainable solutions, aligning with the Paris Agreement to achieve net-zero emissions by 2050 or sooner.

BROOKFIELD, NEWS, July 21, 2021 – Brookfield Asset Management announced a public offering of senior notes totaling US$600 million due 2032, with a 2.34% interest rate. Additionally, a re-opening of 3.500% notes due 2051 was priced at US$250 million, increasing the total series amount to US$750 million. Proceeds from the 2032 notes will support energy-efficient buildings and renewable projects, while net proceeds from the 2051 notes will be used for general corporate purposes. The offering adheres to existing regulatory frameworks in Canada and the U.S.

Brookfield Asset Management will host its 2021 Second Quarter Conference Call and Webcast on August 12, 2021, at 11:00 a.m. (Eastern Time) to discuss financial results and business initiatives. The results will be available on their website prior to the call. Investors can participate via phone or through a live webcast. Brookfield manages over US$600 billion in assets across various sectors, providing alternative investment solutions to a global client base. The company trades under the stock symbol BAM on both the New York and Toronto exchanges.

Brookfield Asset Management and Oaktree Capital Management have agreed to transition the advisory role of the Oaktree Real Estate Income Trust to Brookfield, which will be renamed Brookfield Real Estate Income Trust. This transition, set for Q4 2021, aims to leverage Brookfield's global expertise while retaining Oaktree's asset management. The investment strategy will remain largely unchanged, with new exposure to non-U.S. markets. The transition is subject to regulatory approvals, and no guarantee exists for its completion as planned.

BROOKFIELD, NEWS, June 28, 2021 - Brookfield Asset Management has established Brookfield Reinsurance to enhance its insurance businesses. Shareholders received one exchangeable limited voting share of Brookfield Reinsurance for every 145 shares of Brookfield held. These shares, trading under the symbol ‘BAMR’, can be exchanged for Brookfield Shares on a one-for-one basis, with distributions aligned with Brookfield dividends. This initiative aims to provide a scalable platform for investors and strengthen Brookfield's capital-based solutions in the insurance sector.

Brookfield Asset Management (TSX: BAM.A, NYSE: BAM) announced the successful election of all eight nominees to its board of directors during its annual meeting held on June 11, 2021. The meeting, conducted virtually, saw overwhelming support from Class A and Class B shareholders, with over 99% of votes in favor of the nominees. Notable votes included M. Elyse Allan with 99.61% and Hutham S. Olayan with 99.78%. Brookfield, a global alternative asset manager, manages over USD 600 billion in assets across various sectors.

Brookfield Asset Management Inc. (NYSE: BAM) has received approval from the Toronto Stock Exchange for a renewal of its normal course issuer bid. This allows the purchase of up to 132,856,682 Class A Shares, equivalent to 10% of the public float, from May 25, 2021, to May 24, 2022. The company aims to buy back shares as it believes their market price may not reflect their underlying value. Previously, Brookfield repurchased 7,950,206 shares under the prior bid at an average price of US$38.59. An automatic purchase plan will be implemented for efficient trading during blackout periods.

Brookfield Asset Management (NYSE: BAM) reported a record FFO of $2.8 billion for Q1 2021, driven by strong operating performance and capital recycling initiatives. Net income reached $3.8 billion, with total assets under management increasing to $609 billion. The company raised $7 billion in private fund capital during the quarter, contributing to an increase in fee-related earnings by 29% year-over-year. Brookfield declared a quarterly dividend of $0.13 per share, payable on June 30, 2021, reflecting its strong financial position.