- Brookfield Asset Management ( NYSE: BAM ) has been cleared by the Toronto Stock Exchange to pursue a normal course issuer bid for up to 31.78M Class A shares.
- The shares represent around 10% of the public float of outstanding Class A shares in Brookfield Asset Management.
- The bid will run from January 11, 2023 to January 10, 2024, or until Brookfield Asset Management completes the purchases. All purchases will be made on the open market.
- Brookfield Asset Management’s total issued and outstanding Class A shares represented a 25% interest in the company.
- Shares are trading around +4.1% as of 11:10AM ET.
For further details see:
Brookfield Asset Management to buy back 31.7M shares