Fundamental Income Issues AAA Rated Debt
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: Business Wire
Closes $241 Million Securitization Including $144.6 Million of AAA Rated Debt PHOENIX--(BUSINESS WIRE)--Fundamental Income Properties (“Fundamental Income” or the “Company”), a Phoenix-based net lease real estate company that has acquired and financed over $1.6 billion of single-tenant properties across 43 states and 51 industries since 2020, today announced the closing of $241.0 million of long-term fixed-rate notes designated as Fundamental Income Net-Lease Mortgage Notes, Series 2024-1.This is the third note issuance under Fundamental Income’s FI Master Trust program, its proprietary structured debt financing vehicle, and its first issuance to achieve a ‘AAA’ rating from Standard & Poor’s Ratings Services (S&P) on the senior class of notes. In addition to the new issuance, S&P also upgraded the outstanding A-1 Notes from FI Master Trust Net-Lease Mortgage Notes, Series 2023-1 from ‘AA’ to ‘AAA’ and affirmed the outstanding ratings for the Series 2023-1 A-2 Notes and the Series 2
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- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Keefe, Bruyette & Woods from $44.00 to $49.00. They now have an "underperform" rating on the stock.MarketBeat