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Stock impact report

Brookfield Shifts Head Office to New York to Qualify for Indexes [Yahoo! Finance]

Brookfield Corporation Class A Limited Voting Shares (BN) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Is Denver's Big Bet on E-Bikes Paying Off? Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow The Answer To Making Cities More Family-Friendly? Courtyards NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link A South Korean City Plays Matchmaker to Tackle a Fertility Crisis The shift aims to increase “BAM's visibility among a much broader universe of active public investors who benchmark against these indices,” the Canadian alternative asset manager said in a statement late Thursday. The move “makes sense” because the US accounts for the biggest share of Brookfield Asset's employees and revenue, Chief Financial Officer Hadley Peer Marshall told investors in September, adding that Brookfield would remain incorporated in Canada. The move won't result in any changes to operations, strategic plans, or dividend tax treatment, according to Thursday's statement. Parent company Brookfield Corp. will also swap its currently unlisted Show less Read more
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