Subject: Re: Oaktree
Oaktree ~68% → BAM ~75% → BN

73% is the correct number. BAM increased ownership in Oaktree recently by 5% as noted in the 1Q quarterly report.

Also, the AEL acquisition by BNRE which completed in May was going to reduce BN's ownership in BAM to approximately 73%. The upcoming 2Q quarterly report may give us an update on this.

====================

On April 8, 2024, the Company acquired an additional 4.5% interest in Oaktree. The Asset Management company paid cash consideration of $331 million, of which $57 million was provided by the Corporation for its interest in preferred shares redeemable non-controlling interest. The net purchase price to the Company was $274 million. This increased the Company's ownership interest from approximately 68% to approximately 73%.

https://bam.brookfield.com/sit...

====================