United States

Brookfield Asset Management Inc (BAM)

BAM on New York Consolidated

20 Jan 2017
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$0.97 (+2.89%)
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Latest Key Developments (Source: Significant Developments)

Brookfield Asset commencing a public offering of $350 mln of notes due 2026
Wednesday, 25 May 2016 09:06am EDT 

Brookfield Asset Management Inc : Commencing a public offering, subject to market and other conditions, of US$350 million of notes due 2026 . Notes will be issued by unit of Brookfield, Brookfield Finance, will be fully and unconditionally guaranteed by Brookfield .Brookfield Asset Management announces proposed offering of notes.  Full Article

Brian Harper to serve as CEO of Rouse Properties under Brookfield's ownership
Friday, 20 May 2016 09:00am EDT 

Rouse Properties Inc : Rouse Properties announces leadership transition . Brian Harper to serve as CEO of Rouse Properties under Brookfield's ownership . Andrew Silberfein will step down from role of president and CEO and from board of directors to pursue other opportunities .Silberfein will remain CEO until Rouse's transaction with Brookfield closes, which is expected to occur in Q3 of 2016.  Full Article

Brookfield asset announces renewal of normal course issuer bid
Thursday, 19 May 2016 07:22am EDT 

Brookfield Asset Management : Tsx approval to purchase up to 83.8 million class a limited voting shares, representing 10% of public float of class a shares .Brookfield asset management announces renewal of normal course issuer bid.  Full Article

Brookfield Asset announces date for spin off of Brookfield Business Partners
Monday, 16 May 2016 06:55am EDT 

Brookfield Asset Management : On june 20, 2016, shareholders of record as of june 2, 2016 will receive one bbp unit for every 50 shares of brookfield . Anticipated that bbp's distribution policy will be to make quarterly cash distributions equal to $0.0625 per unit . Bbp anticipates that its first quarterly distribution will be paid on september 30, 2016 . "distribution amount is not expected to grow as bbp intends to reinvest its capital" .Announces date for spin off of brookfield business partners.  Full Article

Brookfield Asset Management Q1 net income per share $0.23
Friday, 13 May 2016 06:55am EDT 

Brookfield Asset Management Inc : Brookfield Asset Management reports first quarter 2016 results . Qtrly net income per Brookfield share $0.23 . Total assets under management of $240 billion at quarter-end . Qtrly funds from operations per Brookfield share $0.69 .Q1 FFO per share view $0.43 -- Thomson Reuters I/B/E/S.  Full Article

Brookfield Asset Management Inc declares 8 pct increase in quarterly dividend
Friday, 12 Feb 2016 06:50am EST 

Brookfield Asset Management Inc:Declared a quarterly dividend of US$0.13 per share, representing an increase of 8% over current dividend rate.Dividend payable on March 31, 2016 to shareholders of record as at the close of business on February 29, 2016.  Full Article

Brookfield Asset Management Inc to acquire Rouse Properties Inc for $17.00 per share
Tuesday, 19 Jan 2016 07:00am EST 

Brookfield Asset Management Inc:Brookfield proposes to acquire Rouse Properties Inc for $17.00 per share.As part of transaction, Brookfield Property Partners l.p. would retain the Rouse shares that it currently owns.  Full Article

Brookfield Asset Management Inc - Australian logistics takeover saga takes new twist with Qube's Asciano stake - Reuters
Thursday, 29 Oct 2015 11:41am EDT 

Brookfield Asset Management Inc:The dulled prospect of a takeover of Australian ports and rail operator Asciano Ltd were revived on Friday after local rival Qube Holdings Ltd and partners revealed they had bought a one-fifth stake and wanted to buy Asciano assets - RTRS.The anti-monopoly regulator this month cast doubt on a $6.5 billion takeover by Canada's Brookfield Asset Management Inc after saying competition could be threatened by Brookfield already owning railways Asciano's trains run on - RTRS.That deal looks less likely now Qube and partners own 19.99 percent of Asciano - RTRS.The amount is short of the 20 percent that would trigger a compulsory takeover offer, but means Qube needs little support from other shareholders to reach the 25 percent of votes required to block the deal, which it said it opposes - RTRS.With Qube's interest, there is less chance of a takeover being derailed by antitrust concerns, said Paul Xiradis, chief executive of fund manager Ausbil Dexia which owns Asciano stock. "At the end of the day, there's going to be a transaction." - RTRS.Asciano became the target of Australia's biggest-ever buyout by a Canadian firm in July. Its shares jumped after the approach but have not matched Brookfield's A$9.15 bid, and dropped after the Australian Competition and Consumer Commission's comments - RTRS.  Full Article

Brookfield Asset Management Inc to create Brookfield Business Partners
Wednesday, 7 Oct 2015 06:50am EDT 

Brookfield Asset Management Inc:To create Brookfield business partners (bbp).Intends to spin off approximately 35% of Brookfield business partners l.p.Brookfield asset management -special dividend estimated to be worth US$0.50 per share, or approximately US$500 million, in the form of units of bbp.Says bbp intends to apply to list its units in Canada and the United States.Subject to receipt of normal course regulatory approvals, Brookfield anticipates completing spin-off of bbp in Q1 2016.To spin off part of Brookfield business partners by distributing special dividend estimated at $0.50 per share.Brookfield business partners businesse will include substantially all brookfield's business services,industrial operations.Brookfield asset management- co will operate business services,industrial operations of private equity platform through Brookfield business partners.Brookfield expected to hold an approximate 65% equity interest, along with the general partner interest, in bbp.Portion of bbp's units to be distributed to holders of brookfield's class a and b limited voting shares.  Full Article

Brookfield Asset Management Inc to Issue C$150 mln of preferred shares
Thursday, 24 Sep 2015 10:34am EDT 

Brookfield Asset Management Inc:Agreed to issue 6,000,000 Class A Preferred Shares, Series 44 on a bought deal basis to a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets and TD Securities Inc. for distribution to the public.Preferred Shares, Series 44 will be issued at a price of C$25.00 per share, for gross proceeds of C$150,000,000.Intends to use the net proceeds of the issue of Preferred Shares, Series 44 for general corporate purposes.  Full Article

Brookfield Asset lists proposals for potential TerraForm Power deal

Brookfield Asset Management Inc said it had submitted alternative proposals regarding its interest in buying bankrupt solar company SunEdison Inc's "yieldco", TerraForm Power Inc .