Brookfield Asst Stock Price, News & Analysis

Brookfield Asset Management (TSX: BAM.A; NYSE: BAM) announced the acquisition of 333,100 common shares of TransAlta Corporation for approximately $3.5 million, raising its ownership from 12.3% to 12.4% post-transaction. Each share was purchased at $10.56. Brookfield's commitment to TransAlta reflects its belief in the attractiveness of the investment opportunity.

Brookfield manages approximately $575 billion in assets across various sectors including real estate and renewable power.

Brookfield Asset Management has appointed Hutham Olayan to its board of directors. Olayan, Chair of The Olayan Group, is recognized for her extensive experience as a long-term investor across various asset classes. Brookfield's Chair, Frank McKenna, highlighted Olayan's contributions to enhancing board diversity, as her addition increases the number of female directors to six, forming a majority among independent directors. Brookfield manages approximately US$575 billion in assets across multiple sectors.

Brookfield Asset Management has proposed to acquire all remaining limited partnership units of Brookfield Property Partners at $16.50 per unit, totaling $5.9 billion. This offer represents a premium of 14.9% over BPY's last closing price and allows unitholders to choose between cash, Brookfield shares, or BPY preferred units. The proposal is subject to review by BPY's board and a special committee will assess the deal. If successful, this transaction will provide Brookfield with greater operational flexibility.

Brookfield Asset Management Inc. (BAM) announced fixed and floating dividend rates for its preference shares, effective January 1, 2021. Holders of the Series 44 Shares will receive a fixed quarterly dividend of 5.00% ($0.3125 per share), while Series 25 Shares will have a quarterly dividend of 2.30% plus 4.17% over three-month Government of Canada treasury bills. The quarterly dividend for Series 45 Shares will initially be 1.0551% (4.279% annualized), amounting to $0.263775 per share until March 31, 2021. The conversion option for Series 44 Shares remains available until December 16, 2020.

Brookfield Asset Management (TSX: BAM.A, NYSE: BAM) announced a public offering of $200 million in fixed rate perpetual subordinated notes with a 4.50% coupon. An additional $30 million may be purchased to cover overallotments. The sale proceeds will fund Eligible Green Projects. Closing is anticipated on November 24, 2020. The offering follows a registration statement filed with the SEC on September 29, 2020. Brookfield, with $575 billion in assets, is a prominent global alternative asset manager.

Brookfield Asset Management (NYSE: BAM) reported strong financial results for Q3 2020, with record operating funds from operations (FFO) reaching $1.0 billion, marking a 34% year-over-year increase. The firm generated $2.8 billion of cash available for distribution over the past twelve months. A quarterly dividend of $0.12 per share was declared, payable on December 31, 2020. With $76 billion in capital available for deployment and $18 billion raised in private fund capital during the quarter, Brookfield emphasizes its robust position for continued growth and investment.

Brookfield Asset Management has successfully closed its first European core-plus real estate fund, the Brookfield European Real Estate Partnership (BEREP), with total equity commitments of €1.14 billion. This surpasses its initial target of €1 billion, indicating strong investor demand, particularly from public and private pension plans and insurance companies. The Fund has already invested over €50 million in its first asset, a prime office building in Paris. Brookfield manages approximately US$550 billion across various asset classes globally.

Brookfield Asset Management has announced a strategic partnership with American Equity Investment Life Holding Company, marking Brookfield as a 19.9% cornerstone investor and reinsurance counterparty. The deal includes an initial purchase of 9.9% of AEL at $37.00 per share, followed by an additional 10.0% based on conditions. Brookfield will reinsure up to $10 billion in annuity liabilities, enhancing AEL's financial strategies in a low-interest environment. This partnership aims to strengthen AEL's position in retirement planning and facilitate growth opportunities.

BROOKFIELD, NEWS, Oct. 16, 2020 - Brookfield Asset Management announced the closing of its public offering of 4.625% subordinated notes due October 16, 2080, valued at US$400 million. The notes, issued by a subsidiary, are guaranteed by Brookfield. Proceeds will finance Eligible Green Projects. J.P. Morgan, BofA, RBC, and Wells Fargo managed the offering. The notes are not available in Canada and have not been approved by regulatory authorities. Brookfield manages approximately US$550 billion in assets across various sectors, making it a significant player in alternative investments.