Brookfield Asset Management .(US:BAM) Globenewswire·2024-12-27 12:45Core 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].