Shares of Brookfield (BN -0.46%) rallied by 15.8% in November, according to data provided by S&P Global Market Intelligence. The leading global investment firm got boosts both from its third-quarter results and from news that notable billionaire investor Bill Ackman had loaded up on its stock. Dual catalystsBrookfield reported its third-quarter results in mid-November. The investment firm posted a record $1.3 billion in distributable earnings before realizations, a 19% rise from the prior-year period. Its a ...

Valley National Bancorp. (VLY) announced the completion of the sale of a diverse pool of performing commercial real estate (CRE) mortgage loans to Brookfield Asset Management Ltd. (BAM) .Details & Rationale Behind VLY’s Loan SaleThe final loan pool sold by Valley National had a contractual balance of roughly $925 million, of which almost $823 million was identified and moved to held for sale as of Sept. 30, 2024. The loan pool has been sold at a discount of roughly 1% to par value to BAM, with VLY retaining ...

New office hub opened in ParisRenewable energy, digital infrastructure and real estate in focusNeoen transaction nears completion of its first stage NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”), a leading global alternative asset manager with over $1 trillion of assets under management, announced today the opening of a new office hub in Paris to deepen its established presence in the market. Brookfield has been actively investing in France since 2015 and employs ove ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman Sachs US Financial Services Conference on Wednesday, December 11, 2024, at 10:40 a.m. ET. The presentation will be webcast live and a link will be available in the “Events” section on Brookfield Asset Management’s investor relations website, www.bam.brookfield.com. About Brookfield Asset Management Brookfield Asset Man ...

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”) today announced that due to a postal strike in Canada, it will not be able to mail its meeting materials to meet regulatory requirements for its upcoming special meeting of shareholders (the “Meeting”) originally to be held on December 20, 2024. Brookfield is working with regulators to ensure these requirements are met in the most expeditious manner possible and continues to believe that it will be abl ...

Core Points - Brookfield Infrastructure Partners L.P. has successfully closed a public offering of $300 million in Fixed-to-Fixed Reset Rate Subordinated Notes due March 15, 2055 [2][3] - The notes will have an initial interest rate of 6.750% until March 15, 2030, after which the rate will be reset every five years based on the five-year U.S. treasury rate plus a spread of 2.453%, with a minimum rate of 6.750% during any reset period [3] - The proceeds from the offering will be used to refinance existing debt and for general corporate purposes [3][4] Company Overview - Brookfield Infrastructure is a leading global infrastructure company that operates high-quality, long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [7] - The company focuses on assets that generate predictable and stable cash flows through contracted and regulated revenues [7] - Brookfield Infrastructure is part of Brookfield Asset Management, which manages over $1 trillion in assets [8]

Billionaire Bill Ackman has established a name for himself as an outspoken investor who takes activist stances through his hedge fund, Pershing Square Capital Management. Unlike many other hedge fund managers, who invest in thousands of stocks and often have huge teams buying and selling, Ackman's fund has a small number of stocks at any given time in which it takes a significant position. Right now, it has only 11 stocks. These are the top five.Strong consumer brandsWhat stands out in Ackman's portfolio is ...

Core Viewpoint - Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corporation (BIPC) have announced their intention to renew their normal course issuer bids for repurchasing their respective units and shares, aiming to utilize available funds to acquire these securities when they are undervalued [1][2]. Group 1: Normal Course Issuer Bid Details - BIP is authorized to repurchase up to 5% of its issued and outstanding LP Units, equating to 23,088,572 LP Units, with 461,771,450 LP Units outstanding as of November 19, 2024 [3]. - BIP can repurchase a maximum of 126,133 LP Units on any trading day, which is 25% of the average daily trading volume of 504,532 LP Units over the six months ending October 31, 2024 [3]. - BIP has four series of Preferred Units, with repurchase limits set at 10% of the total public float for each series, with specific maximum daily repurchase numbers detailed for each series [4]. Group 2: BIPC Repurchase Authorization - BIPC is authorized to repurchase up to 10% of the total public float of Exchangeable Shares, which amounts to 11,889,600 Exchangeable Shares, with 132,029,368 Exchangeable Shares outstanding as of November 19, 2024 [5]. - BIPC can repurchase up to 46,896 Exchangeable Shares on any trading day, representing 25% of the average daily trading volume of 187,586 Exchangeable Shares over the six months ending October 31, 2024 [5]. Group 3: Timeline and Execution - The repurchase programs for both BIP and BIPC are set to commence on December 2, 2024, and will terminate on December 1, 2025, unless completed earlier [6]. - BIP and BIPC have not repurchased any units or shares under their current normal course issuer bids that began on December 1, 2023, and will expire on November 30, 2024 [7][8]. Group 4: Trading Mechanism - Repurchases will be conducted through the facilities of the TSX, NYSE, and/or alternative trading systems, with all acquired units and shares being cancelled [10]. - Automatic share purchase plans are intended to be established around December 23, 2024, allowing for purchases during internal trading blackout periods [11]. Group 5: Company Overview - Brookfield Infrastructure is a leading global infrastructure company focused on high-quality, long-life assets across various sectors, generating predictable and stable cash flows [12]. - The company operates through BIP and BIPC, providing investors with access to its portfolio [12].

Market Behavior - Investors are heavily trading based on their expectations of Donald Trump's potential actions in office [1] Analyst Position - The analyst holds a beneficial long position in shares of BN, BN:CA, and BRK:B through stock ownership, options, or other derivatives [1] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [1]

Group 1 - Brookfield Asset Management (BAM) is characterized as a stock suitable for long-term holding, representing a low-maintenance investment [1] - The company is identified as a "fortress business," which implies it has a high barrier to entry, exceptional margins, and resilience against disruption [1] - There is a challenge in acquiring shares of such businesses as they often trade at high valuations, necessitating patience for investors [1] Group 2 - The author emphasizes the importance of being ready to act quickly when opportunities to purchase shares in fortress businesses arise [1] - The analysis is part of a broader effort to provide insights on investment opportunities through various platforms, including Seeking Alpha, X, and YouTube [1]