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  • Brookfield Asset Management (BAM.A) has received approval from the TSX to renew its normal course issuer bid
  • Between May 25, 2022 and May 24, 2023, Brookfield may purchase up to 138,664,974 Class A Limited Voting Shares
  • Brookfield Asset Management is a leading global alternative asset manager with over US$625 billion of assets under management
  • Brookfield Asset Management Class A Limited Voting Shares (TSX:BAM.A) opened trading at C$59.15

Brookfield Asset Management (BAM.A) has received approval from the TSX to renew its normal course issuer bid.

Between May 25, 2022 and May 24, 2023, Brookfield may purchase up to 138,664,974 Class A Limited Voting Shares, representing 10 per cent of the public float of Brookfield’s outstanding Class A Shares. The company currently has a total of 1,641,397,240 Class A Shares issued and outstanding of which 1,386,649,739 shares represent the public float.

The maximum daily purchase on the TSX under this bid will be 409,365 Class A Shares, equaling 25 per cent of the average daily trading volume for Class A Shares on the TSX for the six months ended April 30, 2022.

Under the previous NCIB, Brookfield purchased 5,829,618 shares at an average price of US$51.72. All Class A Shares acquired by Brookfield under this bid will be cancelled and/or purchased by a non-independent trustee.

Brookfield intends to enter into an automatic purchase plan. The automatic purchase plan will allow for the purchase of Class A Shares at times when Brookfield ordinarily would not be active in the market.

Brookfield Asset Management is a leading global alternative asset manager with over US$625 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.

Brookfield Asset Management Class A Limited Voting Shares (TSX:BAM.A) opened trading at C$59.15.

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