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Brookfield Corp
Ticker Symbol: BN CUSIP: 112585104 Previous CUSIP: 10549P606 Exchange: NYSE
Company's Online Profile
BUSINESS: Brookfield Corp., is a global alternative asset manager with over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity.
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Notes: Sept. 23, 2022 -- Brookfield (NYSE: BAM, TSX: BAM.A) (“Brookfield”) today announced that its Board of Directors has unanimously approved the transaction for the public listing and distribution of a 25% interest in its asset management business, through Brookfield Asset Management Ltd. (the “Manager”). Pursuant to this approval, Brookfield has entered into an arrangement agreement (the “Arrangement Agreement”) in connection with the implementation of the transaction.
The transaction will result in the division of Brookfield into two publicly traded companies – the Corporation (Brookfield Asset Management Inc. will be renamed “Brookfield Corporation”) and the Manager – with the holders of Brookfield’s class A limited voting shares (“Class A Shares”), class B limited voting shares and Series 8 and 9 class A preference shares (collectively, "Shareholders”) becoming shareholders of the Manager on completion (the “Arrangement”). The transaction will enable Shareholders to access a leading pure-play global alternative asset management business, through the Manager. Brookfield Corporation will continue focusing on deploying capital across its operating businesses, growing its cash flows and compounding that capital over the long term.
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Previous Ticker Symbol: BAM Changed: 12/12/2022
Previous Name: Brookfield Asset Management, Inc. Changed: 12/09/2022
Large Cap Stock -
Market Value $ Million
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Company's Online Information Links
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| Company's Online Government Filings Links |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: Suite 300, Brookfield Place, 181 Bay Street, Toronto M5J 2T3, Canada |
| Main Phone Number |
416-363-9491 |
| Fax Number |
416-365-9642 |
| Investor Relations
Cara Silverman
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416-649-8172
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| Toll Free Phone Number |
866-989-0311 |
| CEO - J. Bruce Flatt |
CFO - Nicholas Goodman |
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