Brookfield Asst Stock Price, News & Analysis

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.

Brookfield Asset Management will hold its 2020 Third Quarter Conference Call on November 12, 2020, at 11:00 a.m. (Eastern Time). The results will be released earlier that day by 7:00 a.m. and will be accessible on their website. Interested participants can join the call by dialing 1-866-688-9425 (toll-free) in North America or 1-409-216-0815 for international calls. Brookfield manages approximately US$550 billion in assets across various sectors, demonstrating its position as a top global alternative asset manager.

Brookfield Asset Management has announced a public debt offering of US$500 million in notes due 2051, priced at 99.313% of their face value, providing an effective yield of 3.537%. The notes will carry a 3.500% coupon and will be issued by Brookfield Finance Inc., fully guaranteed by Brookfield. Proceeds will be used for general corporate purposes. The offering is set to close around September 28, 2020. Brookfield, managing approximately US$550 billion in assets, operates across various sectors, including real estate and renewable power.

BROOKFIELD NEWS, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management announced a public debt offering of notes due 2051. These notes will be issued by Brookfield Finance Inc., a wholly-owned subsidiary, and are fully guaranteed by Brookfield. The net proceeds from the offering will support general corporate purposes. Deutsche Bank, BofA Securities, and Wells Fargo are serving as joint book-running managers. The offering will be made under existing shelf prospectuses in the U.S. and Canada, and the notes have not been approved by regulatory authorities.

Brookfield Asset Management has secured approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10% of its publicly traded Class A Preference Shares from August 20, 2020, to August 19, 2021. The repurchases will reflect market prices at the time and will result in the cancellation of shares acquired. Brookfield aims to leverage market conditions where shares may not reflect their intrinsic value, representing an effective use of available funds.

Brookfield Asset Management reported a net loss of $656 million for Q2 2020 as economic shutdowns impacted operations. However, they raised a record $23 billion in capital, bringing total capital for deployment to $77 billion. Funds from operations (FFO) reached $1.2 billion, matching the prior year. Fee-related earnings rose 23% quarter-over-quarter, indicating strong asset management performance. The board declared a quarterly dividend of $0.12 per share, payable on September 30, 2020. Despite challenges, the company is optimistic about recovery and future investment opportunities.

Brookfield Asset Management announced the first closing of its European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP), with €725 million in equity commitments. This fund focuses on European real estate, joining existing core-plus funds in North America and Australia. BEREP's first investment is in a high-quality office space in Paris, showcasing Brookfield's European real estate strategy. The firm manages $31 billion in European assets and is one of the largest alternative asset managers globally, overseeing over $515 billion in total assets.