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.
ClearPath Energy has successfully closed a significant lending facility with Brookfield Asset Management, aiming to enhance its renewable energy projects across the U.S. This financial backing will facilitate the expansion of ClearPath's 2 gigawatt pipeline and accelerate the development of late-stage assets towards construction and operational phases. ClearPath intends to prioritize funding for its operating and construction-stage projects, fostering growth in its renewable energy portfolio. The partnership highlights Brookfield's commitment to supporting essential renewable power initiatives that align with decarbonization goals.
Brookfield Asset Management Ltd. (NYSE: BAM) reported strong financial results for 2022, achieving distributable earnings of $2.1 billion and raising a record $93 billion in capital. The company noted an increase of 26% in fee-related earnings year-over-year, reflecting robust fundraising activities. Key metrics include a fee-related earnings per share of $1.29 and a quarterly dividend of $0.32 declared for March 2023. As of December 31, 2022, Brookfield maintained zero debt with $91 billion available for new investments. The company is optimistic about 2023, expecting significant growth in fee-related earnings from upcoming flagship fund contributions.
Fundamental Income Properties, a Phoenix-based net lease real estate company, has achieved over
Centerview Partners has appointed Fabio Gallia as a Senior Advisor based in Paris. With over 30 years of experience, Gallia was formerly General Manager at Fincantieri, the leading shipbuilding company with €7 billion in revenue. He also served as CEO of Cassa Depositi e Prestiti, managing over €400 billion in assets. Gallia's extensive experience includes advisory roles for Brookfield Asset Management (NYSE: BAM) and independent board member at Edison S.p.A.. His addition is expected to enhance Centerview's growth in Italy and across Europe.
Brookfield Asset Management (NYSE/TSX: BAM) will host its fourth quarter 2022 conference call on February 8, 2023, at 10:00 a.m. (ET). Results will be released before 7:00 a.m. (ET) that day. Interested participants can join via conference call or webcast. To join by conference call, pre-registration is required, after which unique dial-in information will be provided. The webcast can be accessed at this link, with a replay available for 90 days.
Brookfield Asset Management (NYSE: BAM) has announced a normal course issuer bid, intending to repurchase up to 31,785,036 Class A Shares, or about 10% of its public float. This bid, supported by the Toronto Stock Exchange, will run from January 11, 2023, to January 10, 2024. The firm believes that the current share price does not reflect its business value and considers this an attractive investment use of excess cash. An automatic purchase plan will facilitate share purchases during internal trading blackouts.
On December 9, 2022, Brookfield Corporation and Brookfield Asset Management Ltd. announced the completion of a public listing that grants a 25% interest in the Corporation’s asset management business. Starting December 12, 2022, Brookfield Corporation will trade under the ticker symbol BN, while Brookfield Asset Management Ltd. will operate under BAM. This strategic shift aims to provide shareholders access to a pure-play global alternative asset management firm, emphasizing long-term capital growth and cash flow enhancement.
Brookfield Asset Management has announced the expected 2023 dividends following a significant corporate restructuring. As part of an upcoming plan of arrangement, Brookfield will transition to Brookfield Corporation on December 9, 2022. Shareholders can anticipate a quarterly dividend of $0.07 per class A limited voting share (totaling $0.28 annually), alongside a $0.32 dividend per class A limited voting share from the Manager. Combined, this represents a 7% increase for current shareholders. The fourth quarter 2022 dividend of $0.14 will be paid on December 30, 2022.
BROOKFIELD, NEWS, Dec. 02, 2022 – Brookfield has set fixed dividend rates for its Cumulative Class A Preference Shares, Series 30 and Series 48 for five years starting January 1, 2023. The Series 30 Shares will have an annual dividend rate of 6.089% (CAD $0.3805625 per share per quarter), and Series 48 Shares will offer 6.229% (CAD $0.3893125 per share per quarter). Holders can convert their shares into Series 31 and Series 49 Shares, respectively, effective December 31, 2022. Both series are expected to commence trading under new symbols on the TSX on December 12, 2022.
BROOKFIELD, NEWS, Nov. 28, 2022 - Brookfield Asset Management (NYSE: BAM) announced that CEO Bruce Flatt will present at the Goldman Sachs US Financial Services Conference on December 7, 2022, at 1:40pm ET. A live webcast will be accessible on Brookfield's website, with a recording available after the event.
Brookfield is a global alternative asset manager overseeing over $750 billion in assets across sectors such as real estate, infrastructure, and private equity, serving various investors including pension plans and sovereign wealth funds.
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