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Brookfield Asset Management Ltd. Class A ( (TSE:BAM) ) has issued an update.
Brookfield Asset Management has announced the renewal of its normal course issuer bid, allowing it to purchase up to 37,123,295 Class A Limited Voting Shares, approximately 10% of its public float. This move aligns with the company’s investment strategies and capital allocation plans, with purchased shares being canceled or held by a trustee under long-term incentive plans. The company has also established an automatic purchase plan to facilitate share purchases during trading blackout periods.
More about Brookfield Asset Management Ltd. Class A
Brookfield Asset Management Ltd. is a global alternative asset manager with over $1 trillion of assets under management, focusing on renewable power, infrastructure, private equity, real estate, and credit. The company invests in real assets and essential service businesses, catering to a diverse group of investors including pension plans, endowments, sovereign wealth funds, and insurance companies.
YTD Price Performance: 2.23%
Average Trading Volume: 952,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$35.48B
For an in-depth examination of BAM stock, go to TipRanks’ Stock Analysis page.
