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 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.
Brookfield Asset Management will hold a Conference Call and Webcast to discuss its 2020 Year End Results on February 11, 2021, at 11:00 a.m. ET. The financial results will be released earlier that day before 7:00 a.m. ET and can be accessed via their official website. The call can be joined by dialing specified numbers, and a replay will be available until February 18, 2021. Brookfield manages approximately US$575 billion in assets across various sectors, including real estate and infrastructure, and trades under the symbol BAM on North American exchanges.
Brookfield Asset Management (TSX: BAM.A; NYSE: BAM) announced the acquisition of 333,100 common shares of TransAlta Corporation for approximately $3.5 million, raising its ownership from 12.3% to 12.4% post-transaction. Each share was purchased at $10.56. Brookfield's commitment to TransAlta reflects its belief in the attractiveness of the investment opportunity.
Brookfield manages approximately $575 billion in assets across various sectors including real estate and renewable power.
Brookfield Asset Management has appointed Hutham Olayan to its board of directors. Olayan, Chair of The Olayan Group, is recognized for her extensive experience as a long-term investor across various asset classes. Brookfield's Chair, Frank McKenna, highlighted Olayan's contributions to enhancing board diversity, as her addition increases the number of female directors to six, forming a majority among independent directors. Brookfield manages approximately US$575 billion in assets across multiple sectors.
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