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.
GrafTech International Ltd. (NYSE: EAF) has launched a $150 million stock repurchase program, with $46 million already utilized in Q3. This program permits repurchases of an additional $163 million, including $13 million carried over from the prior program. CEO David J. Rintoul emphasized a commitment to enhancing shareholder value through disciplined capital allocation while also focusing on business investments and debt reduction. The repurchase amount and timing depend on market conditions and other factors, and the program does not have a set expiration date.
Brookfield Asset Management has transitioned the advisory role of Oaktree Real Estate Income Trust to its newly renamed Brookfield Real Estate Income Trust Inc. The REIT's total asset value has surged to approximately $1 billion following the addition of three properties. Distributed through Brookfield Oaktree Wealth Solutions, the REIT aims to provide individual investors exposure to Brookfield's extensive real estate portfolio, supported by Oaktree's credit management. Plans for further acquisitions in various property sectors are underway.
GrafTech International Ltd. (NYSE:EAF) announced that Quinn J. Coburn will retire as Chief Financial Officer on November 29, 2021, but will remain as Senior Vice President until the 2022 Annual Meeting of Stockholders on May 12, 2022. Timothy K. Flanagan, formerly with Cleveland-Cliffs Inc., will take over the CFO role on the same date. David Rintoul, CEO, praised Coburn's contributions over 11 years, including facilitating the company's IPO in April 2018. Flanagan brings extensive financial experience to his new role at GrafTech.
Fundamental Income has acquired the historic RH Chicago, The Gallery at the Historic Three Arts Club for $44.7 million. The property, spanning 70,000 square feet, features a rooftop park and café, and is secured by a long-term lease to RH. Fundamental Income aims to provide capital solutions for single-tenant commercial properties, supported by a $500 million equity commitment from Brookfield Asset Management. This acquisition highlights Fundamental Income's strategy to invest in unique, well-located real estate assets.
Brookfield Asset Management (NYSE: BAM) announced that as of November 1, 2021, holders of 8,202 Series 8 Preferred Shares and 853,503 Series 9 Preferred Shares have opted to convert their shares into the other series. Post-conversion, there will be 3,321,486 Series 8 and 4,670,680 Series 9 Preferred Shares outstanding. Brookfield manages over US$625 billion in assets globally, focusing on real estate, infrastructure, renewable power, private equity, and credit.
BROOKFIELD, NEWS, Oct. 12, 2021 - Brookfield Asset Management (NYSE: BAM) has set the fixed dividend rate for its Class A Preference Shares, Series 9 at an annual rate of 2.75% ($0.171875 per share per quarter) for five years, starting November 1, 2021. This dividend is 218% of the interpolated yield based on Canadian government bonds. The first dividend will be paid on February 1, 2022. Shareholders can convert their Series 9 shares to Series 8 shares and vice versa until October 18, 2021. Brookfield manages over $625 billion in assets globally.
GrafTech International Ltd. (NYSE:EAF) is set to hold its Third Quarter 2021 Conference Call on November 5, 2021, at 10:00 a.m. EDT. The call will cover financial results for Q3 and the nine months ending September 30, 2021. Results will be released before market open on the same day and can be accessed on their investor relations website.
GrafTech produces high-quality graphite electrodes crucial for electric arc furnace steel production, benefiting from vertical integration into petroleum needle coke.
Brookfield Asset Management will host its third quarter 2021 conference call and webcast on November 11, 2021, at 9:30 a.m. (ET). Results will be available prior to the call at 7:00 a.m. (ET) on the company’s website. Participants can register for the conference call here for a direct connection, or join via webcast here.
The company manages over US$625 billion in assets across diverse sectors.
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Brookfield Asset Management (BAM) and Elion Partners announced a $1 billion strategic partnership to enhance Brookfield's Real Estate Secondaries logistics portfolio. This involves the recapitalization of Elion Logistics Park 55 in Chicago, which includes five existing 100% leased Class A industrial assets totaling 4 million square feet and a potential for 15 million square feet of further development. The investment also includes an $80 million equity commitment to Elion's Fund V, which closed at $500 million.