Brookfield Asset Management Ltd. announced it has received approval for the renewal of its normal course issuer bid. This bid provides the option to purchase up to 37,123,295 Class A Limited Voting Shares, representing approximately 10% of the public float of its outstanding Class A Shares.
Purchases under the bid will be made on the open market through the facilities of the New York Stock Exchange, Toronto Stock Exchange, and/or alternative trading systems. The bid will extend from January 13, 2025, to January 12, 2026, or an earlier date if purchases are completed.
Brookfield Asset Management is renewing this bid to retain the option to acquire its Class A Shares when it aligns with its investment and capital allocation strategies. All acquired shares will be cancelled or purchased by a non-independent trustee for long-term incentive plans.
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