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.
Brookfield Asset Management invites investors to its 2021 First Quarter Conference Call on May 13, 2021, at 11:00 a.m. ET. The quarterly results will be released on the same day at 7:00 a.m. ET, available on their website. Investors can join the call by dialing the provided numbers or via a live webcast at the link given. Brookfield manages US$600 billion in assets across various sectors, including real estate and renewable power, providing alternative investment products globally. The company is listed as BAM on the New York and Toronto stock exchanges.
Brookfield Asset Management announced the redemption of its C$600 million principal amount of 4.54% Notes due March 31, 2023, to take place on May 13, 2021. The redemption price will include accrued interest as stipulated in the trust indenture. Notice of this redemption has been sent to CDS Clearing and Depository Services Inc. and the trustee. Brookfield manages US$600 billion in assets globally across various sectors, including real estate and renewable power, offering alternative investment products to a wide range of institutional investors.
Brookfield Asset Management has announced a public offering of senior notes totaling US$500 million, set to mature in 2031 at an interest rate of 2.724% per annum. The offering, expected to close on April 12, 2021, aims to finance Eligible Green Projects. Proceeds will temporarily be used for general corporate purposes, including redeeming existing higher-rate notes. Brookfield, managing US$600 billion in assets, is fully committed to sustainability through this green initiative.
Brookfield Asset Management has sold 8,457,278 common shares of West Fraser Timber Co. Ltd. for approximately $701.26 million, decreasing its ownership from 15.3% to 8.3%. The shares were sold at prices ranging from $78.30 to $84.91. Brookfield now holds 9,913,974 shares of West Fraser. Additionally, Brookfield plans to settle total return swaps for 5,156,885 shares, which could further reduce its holdings to 4,757,089 shares (4% ownership). This transaction was reported in compliance with Canadian securities laws.
Brookfield Asset Management (NYSE: BAM) has filed its 2020 annual materials on Form 40-F with the SEC and Canadian authorities, including audited financial statements and management's analysis for the year ended December 31, 2020. The firm manages US$600 billion in assets across various sectors including real estate, infrastructure, and renewable power. Shareholders can request a free hard copy of the filings. Brookfield is a prominent global alternative asset manager, providing investment products to a diverse clientele.
Brookfield Asset Management has appointed Calin Rovinescu as a Senior Advisor in its private equity group. Rovinescu, former President and CEO of Air Canada, brings extensive experience in business transformation and financial performance. In his new role, he will focus on sourcing investment opportunities in the aviation and aerospace sectors. Brookfield, managing US$600 billion in assets, aims to leverage Rovinescu's expertise for enhancing its portfolio companies. His prior leadership roles and board memberships add significant value to Brookfield's strategy moving forward.
Brookfield Asset Management Inc. (TSX: BAM.A; NYSE: BAM) has announced the sale of 2,443,321 common shares in West Fraser Timber Co. Ltd. for total cash proceeds of $207,452,839 between March 1 and March 18, 2021. Post-sale, Brookfield's ownership in West Fraser decreased from 17.2% to approximately 15.2%. The disposition falls under regulatory early warning requirements, and Brookfield maintains the ability to adjust its investment in West Fraser based on market conditions. The firm manages $600 billion in assets globally.
Brookfield Asset Management has sold 2,667,011 common shares of West Fraser Timber Co. Ltd. for a total of $229,499,413, representing a reduction from 19.4% to 17.2% ownership. The sales were executed on the Toronto Stock Exchange, with share prices ranging from $83.00 to $91.51. Following these transactions, Brookfield retains 20,814,573 shares, indicating a 2.2% decrease in its stake. The company continues to monitor its investment strategy and may adjust its holdings based on market and economic conditions.
Brookfield Asset Management (NYSE: BAM) reported strong financial results for 2020, highlighting a record quarter in Q4. The company achieved a net income of $1.8 billion and funds from operations (FFO) of $2.1 billion for the quarter, driven by growth in fee-related earnings. Total FFO for the year stood at $5.2 billion. Brookfield raised $40 billion in third-party private fund capital while maintaining significant assets under management of $602 billion. A quarterly dividend of $0.13 per share was declared, marking an 8% increase. Looking ahead, Brookfield anticipates continued robust performance in 2021.
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