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 proposed to acquire all remaining limited partnership units of Brookfield Property Partners at $16.50 per unit, totaling $5.9 billion. This offer represents a premium of 14.9% over BPY's last closing price and allows unitholders to choose between cash, Brookfield shares, or BPY preferred units. The proposal is subject to review by BPY's board and a special committee will assess the deal. If successful, this transaction will provide Brookfield with greater operational flexibility.
Brookfield Asset Management Inc. (BAM) announced fixed and floating dividend rates for its preference shares, effective January 1, 2021. Holders of the Series 44 Shares will receive a fixed quarterly dividend of 5.00% ($0.3125 per share), while Series 25 Shares will have a quarterly dividend of 2.30% plus 4.17% over three-month Government of Canada treasury bills. The quarterly dividend for Series 45 Shares will initially be 1.0551% (4.279% annualized), amounting to $0.263775 per share until March 31, 2021. The conversion option for Series 44 Shares remains available until December 16, 2020.
Brookfield Asset Management (TSX: BAM.A, NYSE: BAM) announced a public offering of $200 million in fixed rate perpetual subordinated notes with a 4.50% coupon. An additional $30 million may be purchased to cover overallotments. The sale proceeds will fund Eligible Green Projects. Closing is anticipated on November 24, 2020. The offering follows a registration statement filed with the SEC on September 29, 2020. Brookfield, with $575 billion in assets, is a prominent global alternative asset manager.
Brookfield Asset Management (NYSE: BAM) reported strong financial results for Q3 2020, with record operating funds from operations (FFO) reaching $1.0 billion, marking a 34% year-over-year increase. The firm generated $2.8 billion of cash available for distribution over the past twelve months. A quarterly dividend of $0.12 per share was declared, payable on December 31, 2020. With $76 billion in capital available for deployment and $18 billion raised in private fund capital during the quarter, Brookfield emphasizes its robust position for continued growth and investment.
Brookfield Asset Management has successfully closed its first European core-plus real estate fund, the Brookfield European Real Estate Partnership (BEREP), with total equity commitments of €1.14 billion. This surpasses its initial target of €1 billion, indicating strong investor demand, particularly from public and private pension plans and insurance companies. The Fund has already invested over €50 million in its first asset, a prime office building in Paris. Brookfield manages approximately US$550 billion across various asset classes globally.
Brookfield Asset Management has announced a strategic partnership with American Equity Investment Life Holding Company, marking Brookfield as a 19.9% cornerstone investor and reinsurance counterparty. The deal includes an initial purchase of 9.9% of AEL at $37.00 per share, followed by an additional 10.0% based on conditions. Brookfield will reinsure up to $10 billion in annuity liabilities, enhancing AEL's financial strategies in a low-interest environment. This partnership aims to strengthen AEL's position in retirement planning and facilitate growth opportunities.
BROOKFIELD, NEWS, Oct. 16, 2020 - Brookfield Asset Management announced the closing of its public offering of 4.625% subordinated notes due October 16, 2080, valued at US$400 million. The notes, issued by a subsidiary, are guaranteed by Brookfield. Proceeds will finance Eligible Green Projects. J.P. Morgan, BofA, RBC, and Wells Fargo managed the offering. The notes are not available in Canada and have not been approved by regulatory authorities. Brookfield manages approximately US$550 billion in assets across various sectors, making it a significant player in alternative investments.
Brookfield Asset Management will hold its 2020 Third Quarter Conference Call on November 12, 2020, at 11:00 a.m. (Eastern Time). The results will be released earlier that day by 7:00 a.m. and will be accessible on their website. Interested participants can join the call by dialing 1-866-688-9425 (toll-free) in North America or 1-409-216-0815 for international calls. Brookfield manages approximately US$550 billion in assets across various sectors, demonstrating its position as a top global alternative asset manager.
Brookfield Asset Management has announced a public debt offering of US$500 million in notes due 2051, priced at 99.313% of their face value, providing an effective yield of 3.537%. The notes will carry a 3.500% coupon and will be issued by Brookfield Finance Inc., fully guaranteed by Brookfield. Proceeds will be used for general corporate purposes. The offering is set to close around September 28, 2020. Brookfield, managing approximately US$550 billion in assets, operates across various sectors, including real estate and renewable power.
BROOKFIELD NEWS, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management announced a public debt offering of notes due 2051. These notes will be issued by Brookfield Finance Inc., a wholly-owned subsidiary, and are fully guaranteed by Brookfield. The net proceeds from the offering will support general corporate purposes. Deutsche Bank, BofA Securities, and Wells Fargo are serving as joint book-running managers. The offering will be made under existing shelf prospectuses in the U.S. and Canada, and the notes have not been approved by regulatory authorities.
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