BN Stock Recent News

BROOKFIELD, NEWS, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 40 (the “Series 40 Shares”) (TSX: BN.PF.F) into Cumulative Class A Preference Shares, Series 41 (the “Series 41 Shares”), there were 29,920 Series 40 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 41 Shares. Accordingly, there will be no conversion of Series 40 Shares into Series 41 Shares and holders of Series 40 Shares will retain their Series 40 Shares.

BROOKFIELD, News, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Brookfield Corporation (NYSE: BN, TSX: BN) announced that they will host their Investor Day on Tuesday, September 10, 2024.

Brookfield Renewable Partners operates in the high-growth green energy sector, with significant renewable energy assets and promising likelihood for future capacity expansion, supported by favourable policies. What it lacks in past price performance, BEP has more than made up for in total returns, owing to its FFO growth and aim to increase distributions annually. Even though its net loss and higher EV/EBITDA compared to similar stocks can work against it for now, over the longer term it's still an attractive investing opportunity.

Brookfield Corporation's management transitions are gradual, preserving its collaborative culture and promoting from within, with Connor Teskey poised to become CEO of Brookfield Asset Management. The 2Q24 letter values Brookfield shares at $84 each, emphasizing the benefits of recent $800 million buybacks, enhancing long-term shareholder value. Investors should monitor developments from the Investor Day on September 10th for further insights into Brookfield's strategic direction and management evolution.

Brookfield Renewable pays a high-yielding dividend. The renewable energy generator backs its payout with stable cash flow and a strong balance sheet.

Last week Bill Ackman disclosed that he had purchased 6.8 million shares of Brookfield in the second quarter. The shares, valued at $285 million, represent a sizable stake. Bill Ackman is known for following a fairly disciplined value/quality approach in his investments.

BROOKFIELD, NEWS, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) (“Brookfield” or “the company”) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the company's outstanding Class A Preference Shares that are listed on the TSX (the “Preferred Shares”). Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 22, 2024 to August 21, 2025, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased or such other price as may be permitted. All Preferred Shares acquired by Brookfield under this bid will be cancelled.

Brookfield has seen significant growth, particularly in its Wealth Solutions segment, with assets now exceeding $110 billion, driven by the recent acquisition of American Equity Investment Life (AEL). The company's real estate investments are divided into core and transitional segments, with core performing well while transitional office investments show weakness. Brookfield's wealth solutions segment is growing rapidly, generating value through asset allocation expertise, and expected to increase annualized earnings from $1.4 billion to $2 billion.

Brookfield Corporation (NYSE:BN ) Q2 2024 Results Conference Call August 8, 2024 10:00 AM ET Company Participants Angela Yulo - VP, IR Bruce Flatt - CEO Nick Goodman - President Conference Call Participants Geoff Kwan - RBC Capital Markets Mario Saric - Scotiabank Cherilyn Radbourne - TD Cowen Sohrab Movahedi - BMO Capital Markets Alex Bernstein - JP Morgan Operator Hello, and welcome to the Brookfield Corporation's Second Quarter 2024 Conference Call and Webcast [Operator Instructions]. I would now like to hand the conference call over to our first speaker, Ms.

BROOKFIELD, NEWS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A), soon to be renamed ‘Brookfield Wealth Solutions,' today announced financial results for the quarter ended June 30, 2024.