Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset Management [Canadian Business Journal (Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Canadian Business Journal
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Brookfield Corporation (NYSE: BN, TSX: BN) today announced steps towards enhancing BAM’s corporate structure and positioning BAM for broader equity index inclusion, particularly those in the U.S.As part of this effort, BAM has now changed its head office to New York. In addition, BAM and BN have entered into an agreement whereby BAM would own and reflect 100% of the asset management business (the “Arrangement”), and BN’s current 73% interest in the asset management business would be held directly through ownership of approximately 73% of the publicly traded shares of BAM.The Arrangement will not result in any changes to the operations or strategic plans of BAM or BN and will have no effect on the tax treatment of their respective dividends.BAM expects to hold a special meeting (the “Meeting”) for shareholders to consider and vote on the Arrangement on December 20, 2024. If approved at
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News
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset Management [Yahoo! Finance]Yahoo! Finance
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset ManagementGlobeNewswire
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset ManagementGlobeNewswire
- Brookfield invests $2.3-billion in U.K.-based offshore wind farm operations [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Brookfield Co. (NYSE: BN) had its price target raised by analysts at Scotiabank from $51.25 to $65.00. They now have an "outperform" rating on the stock.MarketBeat
BN
Earnings
- 8/8/24 - Miss
BN
Sec Filings
- 10/15/24 - Form 6-K
- 10/9/24 - Form 6-K
- 10/8/24 - Form 6-K
- BN's page on the SEC website