Brookfield Asset Management completes acquisition of 73% of asset management business from Brookfield Corporation

Brookfield Asset Management Ltd.

BAM acquired 1,194,021,145 newly-issued Class A shares for 73% of the asset management company on Feb 4, 2025.
Brookfield Corporation retains an approximately 73% interest in BAM's outstanding Class A shares.
Market capitalization of BAM is $95.3 billion based on NYSE closing price of $58.19 on Feb 3, 2025.
President Connor Teskey said the transaction paves the way for inclusion in major U.S. indices, broadening shareholder base.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Brookfield Asset Management Ltd.: Amended articles to revise election of directors based on BN's ownership percentage.

Change: charter amendment

Exact text from the filing

BAM’s articles were amended to provide that, at any time that: (a) BN (or its successor) and its subsidiaries beneficially own a number of Class A Shares that exceeds 50% of the aggregate number of all the issued and outstanding Class A Shares and Class B Shares as of the record date for any meeting of shareholders, holders of Class A Shares and holders of Class B Shares will vote together as a single class in the election of the Board at such meeting of shareholders

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Source: SEC EDGAR

accession 0001104659-25-009249

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