Welcome to our dedicated page for Brookfield Asst news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asst stock.
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a 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. The BAM news feed on Stock Titan aggregates company announcements, market updates and regulatory disclosures so readers can follow developments affecting this alternative asset management platform.
Recent Brookfield Asset Management news has covered a range of topics, including the renewal of its normal course issuer bid for Class A Limited Voting Shares, quarterly and full-year results conference calls, and detailed quarterly financial results highlighting fee-related earnings, distributable earnings, capital raising and deployment across its strategies. The company also issues news on public debt offerings, such as senior notes due 2030 and 2036, with information on use of proceeds and key terms.
Brookfield Asset Management’s releases describe strategic initiatives and partnerships, including the launch of a global AI infrastructure program anchored by the Brookfield Artificial Intelligence Infrastructure Fund and a strategic partnership with Qai in Qatar to develop AI infrastructure in Qatar and select international markets. Other communications discuss activity in infrastructure, renewable power and transition, private equity, real estate and credit, as well as relationships with affiliated or partner firms.
Investors and observers can use the BAM news page to monitor earnings announcements, capital markets transactions, strategic partnerships, and other material events that the company reports through press releases and related Form 8-K filings. Regular visits to this page provide a consolidated view of Brookfield Asset Management’s public communications and help track how the firm is positioning its alternative asset management business across asset classes and regions.
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.
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.