Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

Rhea-AI Summary

Brookfield Asset Management (NYSE: BAM) renewed its normal course issuer bid to buy up to 36,946,177 Class A shares — about 10% of the public float — from January 13, 2026 to January 12, 2027, via NYSE, TSX and alternative trading systems. As of Dec 31, 2025 there were 1,637,941,906 issued Class A shares, with a public float of 369,461,770. The company previously had approval for 37,123,295 shares and purchased 6,548,561 shares as of Dec 31, 2025 at a weighted average price of US$54.14. Repurchased shares will be cancelled or allocated under long-term incentive plans. An automatic purchase plan may enable buys during blackout periods.

Positive

• Authorization to repurchase up to 36,946,177 Class A shares
• Repurchases allowed across NYSE, TSX and alternative trading systems
• Repurchased shares will be cancelled or used for long-term incentive plans

Negative

• Prior program purchased only 6,548,561 of 37,123,295 approved shares as of Dec 31, 2025
• Maximum daily TSX purchase limited to 365,499 Class A shares

News Market Reaction

+0.33%

1 alert

+0.33% News Effect

On the day this news was published, BAM gained 0.33%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

NCIB capacity: 36,946,177 Class A Shares Public float: 369,461,770 Class A Shares Shares outstanding: 1,637,941,906 Class A Shares +5 more

8 metrics

NCIB capacity 36,946,177 Class A Shares Maximum shares purchasable under renewed normal course issuer bid

Public float 369,461,770 Class A Shares Public float as at December 31, 2025

Shares outstanding 1,637,941,906 Class A Shares Total issued and outstanding as at December 31, 2025

Max daily TSX purchase 365,499 Class A Shares 25% of 1,461,999 average daily TSX volume (six months to Dec 31, 2025)

Prior NCIB approval 37,123,295 Class A Shares Shares approved for purchase under prior bid starting January 13, 2025

Shares repurchased 6,548,561 Class A Shares Total bought under prior NCIB as of December 31, 2025

TSX repurchases 100,000 Class A Shares Portion of prior NCIB purchases executed on the TSX

Weighted average repurchase price US$54.14 per share Average price paid for Class A Shares under prior NCIB

Market Reality Check

Price: $51.26 Vol: Volume 1,317,704 is below...

normal vol

$51.26 Last Close

Volume Volume 1,317,704 is below the 20-day average of 1,542,036, suggesting no pre-news volume spike. normal

Technical Price at 53.76 trades below the 200-day MA of 55.47 and is 16.13% under the 52-week high, 28.67% above the 52-week low.

Peers on Argus

BAM was up 1.2% pre-news, while key asset management peers BN, APO, ARES, KKR, a...

BAM was up 1.2% pre-news, while key asset management peers BN, APO, ARES, KKR, and BLK gained between 0.9% and 3.44%, indicating a broad positive move in the group alongside the buyback renewal.

Historical Context

5 past events · Latest: Dec 16 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 16	Investment outlook	Positive	-0.1%	2026 investment outlook highlighting multi-decade infrastructure and AI themes.
Dec 09	AI JV partnership	Positive	+2.4%	Formation of $20 billion strategic AI infrastructure joint venture with Qai.
Nov 26	Conference appearance	Neutral	+1.5%	CEO presentation at Goldman Sachs U.S. Financial Services Conference.
Nov 19	AI program launch	Positive	+1.5%	Launch of $100 billion global AI infrastructure investment program via BAIIF.
Nov 17	Mortgage platform deal	Positive	+0.9%	Tripartite partnership to build advanced mortgage finance platform in Saudi Arabia.

Pattern Detected

Recent news has focused on strategic growth, AI infrastructure initiatives and partnerships, with mostly positive price reactions and one mild divergence.

Recent Company History

Over the past few months, Brookfield Asset Management released several strategic updates. On Nov 19, 2025, it launched a $100 billion AI infrastructure program, followed by a $20 billion AI infrastructure JV on Dec 9, 2025, both met with positive price reactions. Other items included a mortgage finance platform agreement in Saudi Arabia and conference and outlook communications. Against this backdrop of growth-focused announcements and generally constructive market responses, the renewal of the normal course issuer bid adds a capital return option alongside ongoing expansion initiatives.

Market Pulse Summary

This announcement renews Brookfield Asset Management’s option to repurchase up to 36,946,177 Class A...

Analysis

This announcement renews Brookfield Asset Management’s option to repurchase up to 36,946,177 Class A Shares between January 13, 2026 and January 12, 2027, after buying 6,548,561 shares under the prior bid at an average of US$54.14. It adds a capital return lever alongside recent strategic growth initiatives. Investors may watch actual buyback activity levels, funding choices, and future regulatory filings to assess how actively this authorization is used.

Key Terms

normal course issuer bid, public float, automatic purchase plan, trading black-out period, +1 more

5 terms

normal course issuer bid financial

"announced it has received the requisite approval for the renewal of its normal course issuer bid"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

public float financial

"representing approximately 10% of the public float of Brookfield Asset Management’s outstanding Class A Shares"

Public float is the total number of a company's shares that are available for trading by the general public. It excludes shares held by company insiders or large stakeholders who are unlikely to sell them easily. This figure helps investors understand how much of the company's stock is actively available, which can influence its liquidity and how easily its price might change.

automatic purchase plan financial

"Brookfield Asset Management also announced that it has entered into an automatic purchase plan in relation to the normal course issuer bid"

An automatic purchase plan is a program that automatically uses money from your account at regular intervals to buy shares of a stock or mutual fund. It works like a subscription that turns spare cash into investments without you having to place each trade, which can smooth out the price you pay over time and reduce the risk of mistiming the market — useful for building a position steadily and lowering emotional decision-making.

trading black-out period regulatory

"at times when Brookfield Asset Management ordinarily would not be active in the market due to its own internal trading black-out period"

A trading black-out period is a set span of time when company insiders, employees, or others with access to confidential information are barred from buying or selling the company’s stock. It’s meant to prevent trading on unfair knowledge—like a temporary pause before a court ruling or earnings release—and helps protect investors by reducing the chance that some people gain an unfair advantage, much like a cooling-off period that keeps a game fair.

insider trading rules regulatory

"subject to certain trading parameters, at times when Brookfield Asset Management ordinarily would not be active... insider trading rules or otherwise"

Insider trading rules are laws and regulations that ban buying or selling a company’s stock based on secret information that could change its price, like undisclosed earnings or merger plans. They matter to investors because they keep markets fair and trustworthy—like rules preventing someone from using stolen exam answers—so prices reflect public information and punishments deter cheating that would harm ordinary shareholders.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“Brookfield Asset Management”) today announced it has received the requisite approval for the renewal of its normal course issuer bid providing the option to purchase up to 36,946,177 Class A Limited Voting Shares (“Class A Shares”), representing approximately 10% of the public float of Brookfield Asset Management’s outstanding Class A Shares. Purchases under the bid will be made on the open market through the facilities of the New York Stock Exchange (“NYSE”), Toronto Stock Exchange (“TSX”), and/or alternative trading systems. The period of the normal course issuer bid will extend from January 13, 2026 to January 12, 2027, or an earlier date should Brookfield Asset Management complete its purchases. Brookfield Asset Management will pay the market price at the time of acquisition for any Class A Shares purchased or such other price as may be permitted.

As at December 31, 2025, the number of Class A Shares issued and outstanding totaled 1,637,941,906 of which 369,461,770 shares represented the public float. The maximum daily purchase on the TSX under this bid will be 365,499 Class A Shares, which is 25% of 1,461,999 (the average daily trading volume for Class A Shares on the TSX for the six months ended December 31, 2025).

Of the 37,123,295 Class A Shares approved for purchase under Brookfield Asset Management’s prior normal course issuer bid that commenced on January 13, 2025 and will expire on January 12, 2026, Brookfield Asset Management purchased 6,548,561 Class A Shares as of December 31, 2025; 100,000 Class A Shares through open market purchases on the TSX and 6,448,561 Class A Shares through open market purchases on the NYSE and/or alternative trading systems. The weighted average price that Brookfield Asset Management paid per Class A Share acquired under this bid was US$54.14.

Brookfield Asset Management is renewing its normal course issuer bid to retain the option to acquire its Class A Shares where this aligns with its investment and capital allocation strategies. All Class A Shares acquired by Brookfield Asset Management under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield Asset Management’s long-term incentive plans.

Brookfield Asset Management also announced that it has entered into an automatic purchase plan in relation to the normal course issuer bid. The automatic purchase plan allows for the potential purchase of Class A Shares during the term of the normal course issuer bid, subject to certain trading parameters, at times when Brookfield Asset Management ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, Class A Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, renewable power and transition, private equity, real estate, and credit. BAM invests client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. BAM offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. BAM draws on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for its clients, across economic cycles. Brookfield Asset Management is publicly traded in New York and Toronto (NYSE: BAM, TSX: BAM).

Please note that Brookfield Asset Management’s returns and reports will be filed on EDGAR and SEDAR+ and can also be found in the investor section of its website at www.bam.brookfield.com. Hard copies of annual and quarterly reports can be obtained free of charge upon request.

For more information, please visit our website at www.brookfield.com.

Brookfield Media: Simon Maine Email: simon.maine@brookfield.com Tel: +44 739 890 9278

Brookfield Investor Relations: Jason Fooks Email: jason.fooks@brookfield.com Tel: (212) 417 2442

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield Asset Management are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “target”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to potential future purchases by Brookfield Asset Management of its Class A Shares pursuant to the company’s normal course issuer bid and automatic purchase plan.

Although Brookfield Asset Management believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in the United States and Canada, not presently known to Brookfield Asset Management, or that Brookfield Asset Management currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements. 

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield Asset Management undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

FAQ

What does Brookfield Asset Management's (BAM) new issuer bid authorize?

It authorizes purchases of up to 36,946,177 Class A shares (about 10% of public float) from Jan 13, 2026 to Jan 12, 2027.

How many Class A shares had BAM already bought under the prior bid as of Dec 31, 2025?

Brookfield purchased 6,548,561 Class A shares under the prior program as of Dec 31, 2025.

At what price did BAM pay on average for shares bought under the prior program?

The weighted average price paid per Class A share was US$54.14.

When will BAM's renewed normal course issuer bid be effective?

The bid runs from January 13, 2026 through January 12, 2027, or earlier if purchases are completed.

Will BAM repurchases be executed during trading blackout periods?

An automatic purchase plan is in place to allow potential purchases during blackout periods subject to trading parameters.

How many Class A shares were issued and what was the public float as of Dec 31, 2025?

There were 1,637,941,906 issued Class A shares, with a public float of 369,461,770.