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. reports news on its role as a global alternative asset manager with strategies across infrastructure, energy, private equity, real estate and credit. Recurring updates cover fundraising, fee-related earnings, capital deployment, monetizations and activity in flagship and complementary investment strategies for institutional and private wealth clients.
Company announcements also include strategic partnerships, operating-platform investments, completed acquisitions and governance matters. Brookfield’s recent corporate updates highlight its industrial real estate and logistics exposure, AI-related operating initiatives across its investment platform, shareholder voting results and capital actions tied to its public-company structure.
Brookfield Asset Management (NYSE: BAM) has successfully closed its second growth fund, Brookfield Technology Partners II (BTP II), with over $500 million in equity commitments. The fund aims to invest in high-growth companies at the nexus of technology and the built environment, leveraging Brookfield's extensive ecosystem. Notable investments include companies like Latch, Carbon Health, and GoodLeap. Managing Partner Josh Raffaelli highlighted the transformative role of technology in real assets, reinforcing Brookfield's commitment to accelerating growth for its portfolio firms.
GrafTech International reported strong financial results for Q3 2021, achieving a net income of $120 million ($0.45 per share) with a 35% net income margin. Sales increased 33% year-over-year to $347 million. Adjusted EBITDA rose 12% to $172 million, reflecting a 50% margin. The company reduced debt by $100 million this quarter and $300 million year-to-date. With a new $150 million stock repurchase program, GrafTech aims to enhance shareholder value amidst rising graphite electrode prices, expected to increase by 7-9% in Q4.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is for stockholders of record as of the close of business on November 30, 2021, and will be paid on December 31, 2021. GrafTech is a leading manufacturer of high-quality graphite electrode products, integral to electric arc furnace steel production, and is vertically integrated into petroleum needle coke, enhancing its competitive edge in manufacturing.
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.