Post #387 by Baybrooke on the Brookfield Corporation board

Stocks A to Z / Stocks B / Brookfield Corporation (BN)

Unthreaded | Threaded | Whole Thread (3)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 3

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/sites/brookfield-bam/fi...

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

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (3)

Prev | Next

Announcements

Brookfield Corporation FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.