Brookfield Asst Stock Price, News & Analysis

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.

GrafTech International Ltd. (NYSE: EAF) announced the appointment of Marcel Kessler as Chief Executive Officer and President effective July 1, 2022. He takes over from David J. Rintoul, who will retire on June 30, 2022. Mr. Kessler has previous experience as CEO of Pason Systems Inc. and holds a strong track record in executive leadership. The Board expressed confidence in his ability to lead GrafTech into its next growth phase, leveraging the company's competitive advantages in graphite electrode production.

Brookfield (NYSE: BAM, TSX: BAM.A) announced on June 23, 2022, that only 13,675 of the Cumulative Class A Preference Shares, Series 28, were tendered for conversion to Series 29 Shares by the June 15 deadline. This is significantly less than the required one million shares for conversion. Consequently, there will be no conversion, and holders will retain their Series 28 Shares.

Brookfield manages approximately US$725 billion in assets across various sectors, including real estate, infrastructure, and private equity, serving a diverse range of investors globally.

Brookfield has successfully closed the Brookfield Global Transition Fund (BGTF) with a remarkable total capital of $15 billion, positioning it as the largest private fund aimed at facilitating the transition to a net-zero carbon economy. This fund has seen oversubscription due to strong institutional investor demand, with $2.5 billion already deployed in significant decarbonization projects, including solar power and carbon capture initiatives. Co-led by Mark Carney and Connor Teskey, BGTF aims for strong returns while addressing climate change.

Brookfield (NYSE: BAM, TSX: BAM.A) announced that all eight director nominees for Class A and Class B Limited Voting Shares were successfully elected during the annual meeting held on June 10, 2022. The voting results showed overwhelming support for the nominees, with most receiving over 99% approval from Class A shareholders. Notable directors include M. Elyse Allan and Angela F. Braly. The company manages approximately US$725 billion in assets across diverse sectors including real estate and renewable power, emphasizing its strong position in the global asset management space.

Brookfield (NYSE: BAM, TSX: BAM.A) has announced a fixed dividend rate for its Cumulative Class A Preference Shares, Series 28, starting from July 1, 2022, to June 30, 2027. The quarterly dividends will be at an annual rate of 4.606%, translating to $0.287875 per share per quarter. Shareholders can opt to convert their Series 28 Shares into Series 29 Shares by June 15, 2022, which will have floating dividends starting at 1.80% over the government treasury yield. The TSX has conditionally approved the listing of Series 29 Shares upon conversion.

Fundamental Income, a Phoenix-based net lease real estate platform, has acquired Tao Chicago, a 34,000 square foot restaurant and nightclub leased to the Tao Group in River North. The acquisition showcases Fundamental Income's strategy to purchase marquee assets with established leases. The property features a dining area for 275 guests and a nightclub, housed in a historical landmark. This acquisition is backed by Brookfield Asset Management (NYSE: BAM), indicating substantial investor confidence.

BROOKFIELD, NEWS, May 19, 2022 – Brookfield (NYSE: BAM) has received TSX approval for a normal course issuer bid to repurchase up to 138.7 million Class A Shares, representing 10% of their public float. The buyback will run from May 25, 2022, to May 24, 2023, or until purchases are completed. As of May 17, 2022, Brookfield had 1.64 billion Class A Shares outstanding, with a public float of 1.39 billion. The company purchased 5.83 million shares in the previous program, averaging a price of US$51.72. Brookfield views repurchasing shares as an attractive investment option.

The Board of Directors of GrafTech International Ltd. (NYSE:EAF) declared a quarterly cash dividend of $0.01 per share for stockholders of record as of May 31, 2022. This dividend will be paid on June 30, 2022. GrafTech is a leading manufacturer of high-quality graphite electrode products crucial for electric arc furnace steel production. The company operates three of the highest capacity manufacturing facilities globally and is vertically integrated into petroleum needle coke, enhancing its competitive edge in product quality and cost.