No. of Recommendations: 3
Asset manager Brookfield Corp. BN-T is working on converting its massive renewable power and infrastructure businesses from limited partnerships into traditional corporate structures, a move meant to gain more passive investors.
”The goal is to determine if, on a tax-free basis, we can create a single corporate security that would enhance liquidity, increase index inclusion and create value for our investors,” said both companies in separate press releases on Thursday and Friday.
“With some investors viewing Brookfield as too complicated, these simplifications could be welcomed by the market longer term,” said Bank of Nova Scotia analyst Robert Hope in a report on Brookfield Renewable Partners published on Friday.
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