BN Stock Recent News

BROOKFIELD, NEWS, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) will host its third quarter 2024 conference call and webcast on Thursday, November 14, 2024 at 10:00 a.m. (ET).

Patience is key for investors to secure a good price, enhancing margin of safety and dividend yield, as exemplified by Brookfield Renewable Partners' recent dip. BEP's diverse renewable energy portfolio, long-term PPAs, and inflation-indexed revenues support steady cash flow and growth, with a 5.5% yield and strong development pipeline. BEP's financial health is robust, with a BBB+ credit rating, well-staggered debt maturities, and multiple funding options, ensuring sustainable growth.

FTSE 250-listed investment trust Tritax Eurobox PLC (LSE:EBOX) has agreed to be taken over by funds controlled by investment firm Brookfield through a 69p-per-share cash offer. The offer values Tritax EuroBox shares at approximately £557 million and represents a 28% premium over the company's 31 May valuation, when an offer period was triggered.

Brookfield Asset Management has agreed to buy Tritax EuroBox for 1.1 billion pounds ($1.44 billion), including debt, kicking off a possible takeover battle for the European logistics real estate firm.

BROOKFIELD, NEWS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) (the “Partnership”) and Brookfield Renewable Corporation (“BEPC”) (TSX, NYSE: BEPC) today announced their intention to complete a reorganization (the “Arrangement”) that maintains the benefits of Brookfield Renewable's business structure, while addressing proposed amendments to the Income Tax Act (Canada) that are expected to result in additional costs to BEPC if no action is taken.

Brookfield Corporation has delivered a 77% total return since my Buy rating in May 2023, driven by strong business growth and a favorable valuation. The company excels in managing "hard assets" like infrastructure, real estate, and power generation, benefiting from declining interest rates. Despite impressive returns, Brookfield's shares remain attractive due to a robust growth outlook and undemanding valuation.

Get paid to sit back and do nothing while this green energy stalwart powers your passive income stream.

Brookfield Renewable Partners L.P. NYSE: BEP owns renewable energy facilities and green energy assets.

ABU DHABI, United Arab Emirates and MADRID, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Abu Dhabi Future Energy Company PJSC - Masdar (“Masdar”), the UAE's clean energy powerhouse, today announced the proposed acquisition of Saeta Yield (“Saeta”) from Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners (“Brookfield”), for an implied enterprise value of c. $1.4 billion (€1.2 billion). Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024.

BROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Brookfield Global Infrastructure Securities Income Fund (the “Fund”) (TSX: BGI.UN) today announced a distribution of C$0.15 per unit for the quarter ending September 30, 2024. The distribution will be paid on or before October 15, 2024 to holders of record on September 30, 2024.