Appointment comes as Mark Carney departs to enter Canadian Liberal Party leadership raceNEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, announced today the appointment of Bruce Flatt as Chair of the Board of Directors, in addition to his role as Chief Executive Officer. He replaces Mark Carney, who today announced his candidacy for the leadership of t ...

Core Viewpoint - Brookfield Asset Management Ltd. will host its fourth quarter 2024 conference call and webcast on February 12, 2025, at 9:00 a.m. ET, with results released prior to 7:00 a.m. ET on the same day [1] Group 1: Company Overview - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors including renewable power, infrastructure, private equity, real estate, and credit [1] - The company focuses on long-term investments in real assets and essential service businesses that are critical to the global economy [1] - Brookfield offers a range of alternative investment products to a diverse clientele, including public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors [1] Group 2: Event Details - Participants can join the conference call or webcast, with pre-registration available for the conference call to streamline the process [2] - A replay of the event will be accessible via the webcast link for 90 days following the event [2]

Stocks with Buy Rank and Strong Income Characteristics - The Travelers Companies, Inc (TRV) has seen a 1.6% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The company has a dividend yield of 1.7%, significantly higher than the industry average of 0.1% [1] CNO Financial Group, Inc (CNO) Performance - CNO Financial Group, Inc (CNO) has experienced a 2.8% rise in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The company offers a dividend yield of 1.7%, slightly above the industry average of 1.6% [2] Brookfield Asset Management Ltd (BAM) Earnings and Dividend - Brookfield Asset Management Ltd (BAM) has witnessed a 1.4% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The company boasts a dividend yield of 2.8%, compared to the industry average of 0.0% [3]

Offer Overview - Brookfield Renewable Holdings SAS has initiated a simplified tender offer for Neoen shares and OCEANEs at EUR 39.85 per share, EUR 48.14 per 2020 OCEANE, and EUR 101,382.00 per 2022 OCEANE [2][14] - The offer will last for 21 trading days and is subject to review by the French stock market authority (AMF) [2][3] Offer Details - The offer price represents a 26.9% premium over the last closing price on the announcement date and premia of 40.3% and 43.5% over the 3-month and 6-month volume-weighted average price respectively [71] - Brookfield Renewable Holdings currently holds 53.12% of Neoen's share capital and voting rights following a Block Trade Acquisition [16][51] Company Background - Neoen, founded in 2008, has established itself as a significant player in the global renewable energy sector with 10.36 GW of secured capacity and 20.3 GW of advanced pipeline [39][41] - The company operates in 15 countries, with a strong presence in France and Australia, and has grown its assets from 2 GW to 8 GW since 2018 [46] Strategic Intentions - Brookfield views Neoen as a high-quality developer and operator of renewable assets, believing it will complement Brookfield's existing renewable power portfolio [42][70] - The Offeror intends to operate Neoen as a standalone company while supporting its growth strategy and maintaining its existing management team [60][66] Future Plans - Brookfield plans to continue Neoen's strategy of geographic and technological diversification, focusing on core assets and regions with the most potential for value creation [62][63] - The Offeror intends to support Neoen's debt capital markets strategy and gradually expand corporate financing facilities as the business grows [64] Squeeze-Out Procedure - If less than 10% of shares are not tendered, Brookfield intends to implement a squeeze-out procedure to acquire the remaining shares at the offer price [9][10] - The squeeze-out may lead to the delisting of Neoen's shares from Euronext Paris [68]

Core Viewpoint - Brookfield Asset Management Ltd. (BAM) is set to hold a special meeting of shareholders on January 27, 2025, to approve an arrangement aimed at enhancing its corporate structure and increasing the number of directors on its board from 12 to 14 [9][22]. Meeting Details - The meeting will be conducted virtually, allowing shareholders to participate and vote in real time through a web-based platform [3][22]. - Shareholders can attend the meeting by joining a live audio webcast and will have the opportunity to vote online during the meeting [4][22]. Arrangement Resolution - If approved, BAM plans to obtain a final order from the Supreme Court of British Columbia on January 30, 2025, with the arrangement expected to close in February 2025 [2][22]. - The board of directors unanimously recommends that shareholders vote in favor of the Arrangement Resolution [10]. Director Increase Resolution - The Director Increase Resolution aims to fill two open positions with directors based in the U.S., reflecting BAM's significant asset management activities in that region [11]. - This increase is intended to ensure the board is adequately sized for oversight, enhance diversity of skills, and facilitate succession planning [11]. Voting Information - Registered shareholders and proxyholders can vote online during the meeting or submit their votes via various methods, including fax, mail, or online platforms [5][6][19]. - Non-registered shareholders will receive a voting instruction form and can also vote by telephone or online prior to the meeting [6][20]. Company Overview - BAM is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors, including renewable power, infrastructure, private equity, real estate, and credit [15]. - The company focuses on long-term investments in real assets and essential service businesses, catering to a diverse range of investors [15].

Funding and Investment - Brookfield Asset Management has committed an additional $200 million to support PosiGen's growth and project deployment [1] - Total funding from Brookfield to PosiGen since 2023 reaches $600 million, playing a key role in the company's strategic expansion into new markets [2] - The new funding will support projects driven by PosiGen's direct sales engine and its growing channel partner platform [2] Company Strategy and Impact - PosiGen's business model eliminates traditional barriers to solar adoption, such as credit score requirements and income thresholds, making clean energy solutions accessible to underserved communities [3] - The company's mission is to deliver meaningful savings and solar energy to all, with a focus on underserved communities [4] - PosiGen's innovative "no credit check" financing has helped nearly 30,000 customers across more than a dozen states reduce utility bills and achieve financial autonomy [5] Partnership and Growth - Brookfield's investment reflects confidence in PosiGen's proven business model and its ability to scale successfully [4] - PosiGen's partnership with Brookfield is deepening, with both companies emphasizing the dual goals of profitability and positive social impact [3][4] - The company has over 750 employees and supports hundreds of solar jobs nationwide through its expanding PosiGen Partner Program [5] Industry Context - Brookfield Asset Management is a global alternative asset manager with over $1 trillion in assets under management, focusing on renewable power, infrastructure, and other essential service businesses [6] - PosiGen is a Certified B Corporation and the leading provider of renewable energy and energy efficiency solutions for underserved communities in the US [1][5]

The Federal Reserve just cut interest rates by another 25 basis points, which was widely expected by the market. However, despite rate cuts typically being a tailwind for equity and bond valuations, today's equity and long-term bond markets plunged. The Dow Jones (If you want access to our Portfolios that have crushed the market since inception and all our current Top Picks, join us for a 2-week free trial at High Yield Investor.We are the fastest growing high yield-seeking investment service on Seeking Alp ...

Core Insights - Summit Broadband has successfully closed an incremental $100 million debt facility and term expansion with Brookfield Asset Management, aimed at enhancing its fiber-optic telecommunications services in Florida [1][4]. Company Overview - Summit Broadband is a leading provider of high-speed internet, voice, and video services, operating its own fiber-optic networks with approximately 5,000 route miles [5]. - The company is backed by Grain Management, which emphasizes the importance of broadband and digital infrastructure in the tech-enabled transformation across various industries [6]. Leadership and Strategy - Kurt Van Wagenen, appointed as CEO in 2023, has led significant investments to expand the leadership team, upgrade the fiber network, and enhance customer experience while improving profitability and revenue growth [3]. - The additional funding will facilitate accelerated growth in both the residential and commercial segments of Summit Broadband [3]. Partnership and Future Plans - The partnership with Brookfield is seen as a pivotal moment for Summit Broadband, allowing for further expansion of its advanced fiber-optic network to provide faster and more reliable internet services [4]. - The investment is expected to empower customers with essential connectivity services necessary for innovation in the digital age [4].

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Investors might want to bet on Brookfield Asset Management (BAM) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked ...