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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 received all necessary approvals for the distribution of a 25% interest in its asset management business through the Manager, expected on December 9, 2022. The transaction involves splitting Brookfield into two publicly traded entities: Brookfield Corporation and Brookfield Asset Management Ltd. The record date is set for December 2, 2022, with trading under new symbols commencing on December 12, 2022. This arrangement will provide shareholders with access to a global alternative asset management business.
Brookfield reported strong financial results for Q3 2022, achieving distributable earnings of $1.4 billion, marking a 39% increase year-over-year. Net income stood at $716 million, influenced by robust asset management growth and operational performance. Alternative fund inflows surged to $33 billion, boosting available capital for deployment to $125 billion. Notable partnerships include $30 billion with Intel and $17.5 billion with Deutsche Telekom. A quarterly dividend of $0.14 per share was declared, payable on December 30, 2022.
BROOKFIELD, NEWS, Oct. 12, 2022 - Brookfield (NYSE: BAM, TSX: BAM.A) will hold its Q3 2022 conference call and webcast on November 10, 2022, at 10:00 a.m. ET. Results will be released before 7:00 a.m. ET on the same day, available on their website.
Participants can join via conference call (pre-registration required) or by webcast. A replay will be accessible for 90 days. Brookfield is a leading global alternative asset manager with over $750 billion in assets across various sectors.
Brookfield's Board of Directors has approved a transaction to publicly list and distribute a 25% interest in its asset management business through Brookfield Asset Management Ltd. The plan will create two publicly traded entities: Brookfield Corporation and the Manager. Existing shareholders will receive shares in the new entity. A special meeting for shareholder voting is scheduled for November 9, 2022. This arrangement is expected to provide shareholders access to a pure-play asset management business while allowing Brookfield Corporation to focus on capital deployment.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share for stockholders on record as of August 31, 2022. The payment date is set for September 30, 2022. GrafTech is a leading manufacturer of graphite electrode products crucial for the production of electric arc furnace steel. The company boasts ultra-high power manufacturing facilities and is vertically integrated into petroleum needle coke, providing a competitive edge in quality and cost.
Brookfield announced the renewal of its normal course issuer bid for purchasing up to 10% of its outstanding Class A Preference Shares listed on the Toronto Stock Exchange.
The bid period is from August 22, 2022, to August 21, 2023, with market price payments for shares acquired, which will be cancelled. Brookfield aims to utilize funds to acquire shares that it believes are undervalued. An automatic share purchase plan will also be established starting the week of September 19, 2022, to facilitate acquisitions during trading blackouts.
Brookfield reported strong Q2 2022 results, with $1.5 billion net income and $1.2 billion cash flow. The firm now has $111 billion in available capital for investments, boosted by $21 billion in asset sales, generating $5 billion in gains. Distributable earnings before realizations increased by 26% to $1.0 billion. The board declared a quarterly dividend of $0.14 per share. Record fundraising reached $56 billion, affirming strong investor confidence. The firm is on track for shareholder distributions by year-end.
GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q2 2022, achieving a net income of $115 million, or $0.44 per share. Sales increased by 10% year-over-year to $364 million, although sales volume decreased by 1% to 42,000 metric tons. Adjusted EBITDA was $158 million, representing a 44% margin. The company reduced long-term debt by $40 million in Q2 2022, totaling $110 million in the first half of the year. CEO Marcel Kessler emphasized the company's resilience amid geopolitical challenges and ongoing efforts to strengthen its commercial capabilities.
Brookfield (NYSE: BAM, TSX: BAM.A) will hold its Q2 2022 conference call and webcast on August 11, 2022, at 10:00 a.m. (ET). Results will be available that morning before 7:00 a.m. (ET) on their website.
Participants can join via a pre-registered conference call or a webcast. The webcast link will provide a replay for 90 days. Brookfield manages approximately US$725 billion in assets across various sectors including real estate, infrastructure, and renewable energy.
GrafTech International Ltd. (NYSE:EAF) will host its Second Quarter 2022 Earnings Conference Call on August 5, 2022, at 10:00 a.m. EDT. The call will discuss financial results for the quarter ending June 30, 2022, and ongoing business initiatives. Results will be available before market open on the same day on their investor relations website. The conference call can be accessed via a toll-free number in North America and through an online webcast. GrafTech is a leading producer of graphite electrode products, crucial for electric arc furnace steel production.
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