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BAMR - A New Tailwind For Brookfield Asset Management - This Time From Retirees
Brookfield Asset Management Reinsurance Partners Ltd. Class A Exchangeable Limited
Brookfield has just spun off its reinsurance business to existing investors in the form of BAMR shares designed to provide economical returns equivalent to BAM shares.
Compared with BAM shares, BAMR shares have limited tax benefits but overall are not so attractive for retail investors. However, BAMR shares may benefit institutional investors.
By issuing additional BAMR shares to institutional investors, BAM can reach ultra-high returns on its capital invested in the reinsurance business.