Brookfield Asset Management renews bid to purchase own shares, aligning with investment strategies.

From GlobeNewswire: 2025-01-09 06:45:00

Brookfield Asset Management has received approval to renew its normal course issuer bid, allowing for the purchase of up to 37,123,295 Class A Limited Voting Shares. The bid will run from January 13, 2025 to January 12, 2026, with purchases made on the NYSE, TSX, and alternative trading systems. As of December 31, 2024, there were 443,135,746 Class A Shares outstanding, with a maximum daily purchase of 251,030 shares. The prior bid, ending January 10, 2025, saw no purchases. Shares acquired will be cancelled or purchased by a trustee. An automatic purchase plan has also been established for the bid period.

Brookfield Asset Management, a global alternative asset manager with over $1 trillion in assets under management, has renewed its normal course issuer bid to align with its investment strategies. All acquired Class A Shares will be cancelled or held by a trustee. The company has entered into an automatic purchase plan to buy shares during inactive market periods. Forward-looking statements caution investors about potential risks and uncertainties affecting future results, performance, and achievements, including economic, political, and market factors, among others.



Read more at GlobeNewswire: Brookfield Asset Management Announces Renewal of Normal