NEW YORK, April 07, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, will host its first quarter 2025 conference call and webcast on Tuesday, May 6, 2025, at 11:00 a.m. ET. Results will be released that morning prior to 7:00 a.m. ET and will be available on our website at www.bam.brookfield.com/news-events/press-releases. Participants can join by conference c ...

About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to ...

Core Viewpoint - Investors in the Financial - Miscellaneous Services sector should consider XP Inc.A and Brookfield Asset Management, with XP currently presenting a better value opportunity based on various financial metrics [1]. Valuation Metrics - XP Inc.A has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook, while Brookfield Asset Management has a Zacks Rank of 3 (Hold) [3]. - XP has a forward P/E ratio of 9.16, significantly lower than BAM's forward P/E of 28.75, suggesting XP is undervalued [5]. - The PEG ratio for XP is 0.65, compared to BAM's 1.60, indicating XP's expected earnings growth is more favorable relative to its valuation [5]. - XP's P/B ratio stands at 2.19, while BAM's P/B ratio is 6.22, further highlighting XP's relative undervaluation [6]. - These metrics contribute to XP's Value grade of A and BAM's Value grade of F, reinforcing the notion that XP is the superior value option [6][7].

Core Viewpoint - Brookfield Renewable Holdings SAS has initiated a squeeze-out procedure for Neoen shares and bonds convertible into Neoen shares following a simplified tender offer, with the aim of consolidating ownership and delisting from Euronext [3][6][10]. Company Overview - Neoen S.A. is a French public limited company with a share capital of 305,697,548 euros, registered in Paris and listed on Euronext Paris under the ticker symbol "NEOEN" [4]. - The company has issued bonds convertible into shares, known as OCEANEs, with the 2020 and 2022 series being traded on Euronext Access [4]. Offer Details - The indemnification amount for the squeeze-out is set at 39.85 euros per Neoen share and 103,562.50 euros per 2022 OCEANE [3]. - The simplified tender offer received clearance from the French financial markets authority (AMF) on February 11, 2025, and was conducted from February 13 to March 13, 2025 [6][11]. Ownership Post-Offer - Following the offer, Brookfield Renewable Holdings holds 158,568,130 shares, representing 97.73% of Neoen's share capital and voting rights [6]. - The Offeror also holds 100% of the outstanding 2020 OCEANEs and 95.76% of the outstanding 2022 OCEANEs [7]. Squeeze-Out Implementation - The squeeze-out will be implemented on April 4, 2025, covering 3,343,335 shares from the conversion of 2,776,857 2020 OCEANEs and 5,909,683 shares from the conversion of 2,363 2022 OCEANEs [12]. - The total number of shares not tendered by minority shareholders, excluding assimilated shares, is 3,835,022, representing 2.36% of the company's share capital [13]. Regulatory Compliance - The AMF has confirmed that the conditions for the squeeze-out procedure are met, including the fair valuation of the offered prices [13]. - The listing of shares and OCEANEs will be suspended until the implementation of the squeeze-out [14]. Financial Arrangements - The Offeror will deposit the total indemnification amount into a blocked account for compensation transactions, managed by Uptevia [16]. - Unallocated funds for unknown beneficiaries will be held for ten years before being transferred to the French State [17].

Group 1 - Investors in Brookfield Asset Management Ltd. should monitor stock movements due to high implied volatility in options, particularly the Apr 17, 2025 $30.00 Call [1] - Implied volatility indicates market expectations for significant price movement, suggesting potential upcoming events that could lead to a rally or sell-off [2] - Brookfield currently holds a Zacks Rank 3 (Hold) in the Financial - Miscellaneous Services industry, which is in the top 12% of the Zacks Industry Rank [3] Group 2 - No analysts have increased earnings estimates for Brookfield in the last 60 days, with three analysts lowering their estimates, resulting in a consensus estimate drop from 41 cents to 40 cents per share [3] - The high implied volatility may indicate a developing trade, as options traders often seek to sell premium on such options to capture decay [4]

Core Viewpoint - Brookfield Renewable Holdings has successfully completed a cash tender offer for Neoen, acquiring 97.73% of its share capital and initiating a mandatory squeeze-out procedure for the remaining shares and convertible bonds [1][2][3] Group 1: Acquisition Details - The tender offer period ran from February 13 to March 13, 2025, resulting in Brookfield holding 158,568,130 shares of Neoen [2] - Brookfield also acquired 902,796 OCEANEs 2020, representing 100% of the remaining outstanding OCEANEs 2020, and 610 OCEANEs 2022, representing 95.76% of the remaining outstanding OCEANEs 2022 [2][3] - The squeeze-out procedure will be requested at a price of €39.85 per share and €103,562.50 per OCEANE 2022 [3] Group 2: Company Statements - Xavier Barbaro, CEO of Neoen, expressed gratitude to shareholders, highlighting the offer's success as a significant milestone for the company [4] - Ignacio Paz-Ares from Brookfield emphasized the commitment to advancing investments in renewable energy and collaborating with Neoen to accelerate growth [4] Group 3: Company Background - Neoen, founded in 2008, is a leading independent producer of renewable energy, focusing on solar and onshore wind power, as well as battery energy storage [7] - The company's operational capacity has quadrupled over the last six years, currently standing at 8.9 GW, with a goal to reach 10 GW by 2025 [7] - Neoen operates nearly 200 assets globally, including significant projects in Australia, France, and Finland [8]

Core Points - Brookfield Asset Management Ltd. (BAM) has filed its 2024 annual report on Form 10-K with the SEC for the first time [1] - BAM will continue to file quarterly reports on Form 10-Q and current reports on Form 8-K with the SEC [2] - BAM manages over $1 trillion in assets across various sectors including renewable power, infrastructure, private equity, real estate, and credit [3] Company Overview - BAM is a leading global alternative asset manager headquartered in New York [3] - The company focuses on long-term investments in real assets and essential service businesses [3] - BAM offers a range of alternative investment products to various investors including pension plans, endowments, sovereign wealth funds, and private wealth investors [3]

Financial Performance - The company reported Distributable Earnings, a key measure of financial performance, with an intention to pay out approximately 90% of these earnings to shareholders quarterly [43]. - Fee revenues for 2024 reached $4.7 billion, a 7% increase compared to 2023, while fee-related earnings increased by 10% to $2.5 billion [81]. - The company raised over $135 billion in total fundraising across flagship and complementary fund offerings in 2024 [78]. - Fee-bearing capital increased by $82 billion, or 18%, to $539 billion in 2024, with 87% being long-dated or perpetual [80]. Assets Under Management - As of December 31, 2024, the company had $1 trillion in Assets Under Management and $539 billion in Fee-Bearing Capital, with 87% of the Fee-Bearing Capital being long-dated or perpetual in nature [38][47]. - The renewable power and transition segment had $126 billion in AUM and $58 billion in Fee-Bearing Capital as of December 31, 2024, indicating strong growth potential in low-carbon energy investments [56]. - The infrastructure segment managed $202 billion in AUM and $97 billion in Fee-Bearing Capital as of December 31, 2024, focusing on essential goods and services across various sectors [61]. - As of December 31, 2024, the company has over $271 billion in assets under management (AUM) in real estate and $94 billion in fee-bearing capital [64]. Client and Employee Engagement - The company has over 2,300 clients, including some of the world's largest institutional investors, and continues to grow its private wealth channel, which represents over 8% of capital raised [39]. - The company employs over 2,500 investment and asset management professionals globally, supporting its diverse investment strategies and client service [40]. - The total number of full-time operating employees increased by 2% to approximately 250,000 in 2024 [98]. - The company has approximately 650 investment and asset management professionals dedicated to real estate strategies, supported by 24,500 operating employees [64]. Strategic Initiatives - The company is actively pursuing strategic M&A opportunities to expand its capabilities and enhance its growth trajectory [43]. - The company aims to deepen existing institutional relationships and develop new ones, while also accessing new distribution channels, including high net worth individuals and retail [38]. - BAM acquired a 51% stake in Castlelake's fee-related earnings and committed to invest approximately $1 billion in Castlelake's investment strategies and funds [93]. - The Catalytic Transition Fund raised $2.4 billion in its initial close, including a $1 billion anchor investment from ALTÉRRA [93]. - Pinegrove Ventures, managing approximately $10 billion in assets, was acquired to enhance BAM's venture investment platform focused on growth and technology [93]. Sustainability and Governance - BAM's sustainability policy aims for net-zero greenhouse gas emissions by 2050 and emphasizes strong governance and ethical standards [114][117]. - The company aims to achieve net zero emissions by 2050 or sooner across operationally managed investments, focusing on decarbonization as a material value-creation opportunity [132]. - The Board oversees major strategic initiatives and sustainability progress, ensuring alignment with shareholder interests [120]. - The company emphasizes the importance of managing sustainability risks and opportunities throughout the investment lifecycle, supported by investment teams [126]. Risk Management - The company maintains a strong risk management culture, focusing on proactive identification and management of risks across various areas [106]. - The company faces risks related to deficiencies in financial reporting and disclosures, which could adversely impact its reputation and financial condition [157]. - The company is subject to numerous laws and regulations that could result in financial penalties and damage to reputation in instances of non-compliance [164]. - The company is exposed to risks from catastrophic events, such as natural disasters and pandemics, which could materially impact operations [199]. Compliance and Regulatory Challenges - Regulatory compliance obligations are increasing, which may lead to higher costs and impact profitability [165]. - The company operates in multiple jurisdictions, including the U.S., E.U., and Canada, which may introduce additional regulatory requirements and compliance costs [166]. - The company is subject to anti-bribery and corruption laws globally, which may lead to significant liabilities and reputational harm if not complied with [176]. - Compliance with evolving sustainability regulations may result in additional costs and impact profitability, particularly under the E.U. Sustainable Finance Disclosure Regulation [205]. Financial Risks - The company may face increased interest costs due to rising interest rates, which could negatively affect financial performance and asset values [187]. - Political instability and changes in government policy in various jurisdictions could adversely impact the value of the company's investments [190]. - Inflationary pressures could affect the company's managed assets and overall financial performance, with potential for increased tariffs and trade barriers adding uncertainty [198]. - Foreign exchange rate fluctuations could adversely impact the company's financial position, especially in markets where the U.S. dollar is not the local currency [183].

Core Viewpoint - Dividend stocks are highlighted as stable investment options in an uncertain economic environment, providing both income potential and business durability [1][8]. Group 1: Dividend Stock Picks - Brookfield Asset Management (BAM) has a dividend yield of 3.8% and is expected to grow its dividend at an annualized rate of over 15% in the coming years, managing over $1 trillion in assets across various sectors [3][8]. - Chevron (CVX) offers a 4.5% dividend yield and has increased its dividend for 38 consecutive years, returning a record $27 billion to shareholders last year through dividends and share repurchases [4][8]. - EPR Properties (EPR) specializes in the "experience economy" with a dividend yield of 6.7%, supported by stable cash flows from properties like water parks and ski resorts [5][8]. - Invitation Homes (INVH) has a dividend yield of 3.5% and owns over 85,000 homes, benefiting from the trend towards single-family rentals in high-cost housing markets [6][8]. - Medtronic (MDT) provides a dividend yield of 3.1% and has raised its dividend for 47 consecutive years, focusing on medical technologies that address critical health needs [7][8]. Group 2: Investment Implications - The selected dividend stocks range in yield from 3.1% to 7% and are positioned for long-term growth, offering potential substantial total returns while providing consistent income [8].

Group 1 - The article emphasizes the importance of a durable and defensive business model combined with a strong investment-grade balance sheet for creating a successful dividend investment strategy [1] - It highlights the significance of an attractive current dividend yield and strong dividend growth potential that can outpace inflation in the future [1] Group 2 - The company invests significant resources, including thousands of hours and over $100,000 annually, into researching profitable investment opportunities [2] - The approach has garnered over 180 five-star reviews from satisfied members, indicating a positive reception and effectiveness of the strategies offered [2]