BN changes
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- Price
- $41.38 → $42.06(+1.6%)
- Recent events
- Nov 6, 2026: Brookfield added: Infrastructure reported Q3 2026 funds from operations of $0.91 per unit, its third quarter in a row at its 10% growth target. On November 5, it said that it had all approvals for the simplification that combines Brookfield Infrastructure Partners and Brookfield Infrastructure Corporation. The closing is expected on November 19, 2026, and each holder gets one class A share of the new company for each unit or share. Nov 6, 2026: Brookfield Asset Management (BAM) reported Q3 2026 results. It raised $25 billion in the quarter, of which $3.8 billion came from Brookfield Wealth Solutions, and $123 billion so far in 2026. Fee-related earnings rose 15% to $864 million, and distributable earnings rose 15% to $763 million. Fee-bearing capital grew 13% to $682 billion. BAM realized $48 million of carried interest, its first meaningful carry since its spinout. added: Nov 4, 2026: Brookfield Renewable reported its Q3 2026 results and said that it closed its acquisitions of Boralex and Aypa. It also said that signed or closed sales since the end of Q2 give about $2.8 billion of proceeds, or $850 million net to Brookfield Renewable. Oct added: 28, 2026: Brookfield Renewable Partners moved its unitholder vote on the simplification to November 30, 2026, because the votes cast, almost all in favor, were still short of the two thirds of all outstanding units that approval needs. Oct 14, 2026: Brookfield Infrastructure Partners unitholders and Brookfield Renewable Corporation shareholders approved their own corporate simplifications. The votes of Brookfield Infrastructure Corporation shareholders and Brookfield Renewable Partners unitholders are still set for October 29, 2026. Oct 9, 2026: Brookfield confirmed that it will report Q3 2026 results on November 12, 2026. On the same day, Brookfield Renewable and Brookfield Infrastructure Corporation moved their votes on their own corporate simplification to October 29, 2026. More than 99.7% of the Brookfield Renewable votes cast were for it, but approval needs two thirds of all outstanding units. Oct 1, 2026: Oaktree closed its first asset-backed finance fund at $2 billion, its target. Sep 30, 2026: The US and South Korea announced a framework for up to $120 billion of Korean money to pay for eight nuclear reactors in the US, six of them Westinghouse AP1000 units. Korea can also buy 5% to 10% of Westinghouse, which Brookfield owns with Cameco. The terms are not binding. Sep 28, 2026: BAM said that it will report Q3 2026 results on November 6, 2026. From Q3, it shows fee revenues and fee-bearing capital of its partner managers on a gross basis. Fee-related earnings and distributable earnings do not change, but growth rates must use the new figures for past quarters. Sep 21, 2026: Brookfield Finance Inc. priced $600 million of senior notes due 2031, at a 5.650% annual interest rate. Brookfield Corporation guarantees them. The sale closed on September 23, 2026. The new rate is higher than the 4.8% average rate on Brookfield's existing corporate debt. Sep 17, 2026: At its 2026 Investor Day, Brookfield said plan value was about $67 per share at June 30, 2026, down from $68 a year earlier. The total fell from $161 billion to $158 billion. Brookfield kept its target of $140 per share, but the target date is now 2031, one year later than in 2025. The plan assumes growth of 16% a year. In 2025, plan value had grown 22% and was above its path. Sep 16, 2026: The US Federal Reserve raised its interest rate target by 0.25 percentage points, to 3.75% to 4.00%. This was its first increase in three years. On September 28, the 10-year Treasury yield was 5.24%. In August, Brookfield's Q2 letter had said that a meaningful rate increase looked unlikely. Sep 15, 2026: Brookfield agreed to buy all of Reliance Worldwide, an Australian maker of plumbing products, at US$3.38 per share in cash. The enterprise value is about US$2.8 billion. The deal is expected to close in Q1 2027. Sep 4, 2026: Brookfield said that it will redeem all of its Series 51 and Series 52 preferred shares on November 1, 2026. This is about C$97 million at the redemption prices. Aug 13, 2026: Brookfield reported Q2 2026 results. Distributable earnings before realizations were $1.4 billion, or $0.61 per share, up 15% per share from a year earlier. IFRS net income for shareholders was $364 million. BAM raised a record $77 billion in the quarter, but $45 billion of it came from Brookfield Wealth Solutions, including a $40 billion mandate from Just Group. Jul 31, 2026: Brookfield completed its purchase of the rest of Oaktree, about 26%, for about $3 billion. Brookfield Corporation paid about $1.4 billion and BAM about $1.6 billion. The deal closed about two quarters later than first expected. Brookfield announced the close on August 3, 2026. Jul 29, 2026: The US Department of Energy selected Brookfield to develop and operate an AI campus in Paducah, Kentucky, worth more than $100 billion and paid for with private money. NextEra is to build and own the power supply. The power agreement still needs approval from the Kentucky Public Service Commission. Jul 16, 2026: Shareholders approved the plan to put Brookfield Corporation and Brookfield Wealth Solutions under one new parent company. 79.35% of Class A votes were for it and 20.65% were against it. The deal still needs regulatory approvals and a final court order, and is expected to close by the end of 2026. Apr 1, 2026: Brookfield closed its acquisition of Just Group, a UK insurer, for about $3.2 billion. This added roughly 700,000 customers and pushed Brookfield's insurance assets to about $180 billion. Feb 4, 2026: Brookfield named Connor Teskey, age 38, as the new CEO of Brookfield Asset Management, effective February 3, 2026. Bruce Flatt remains BAM's chairman and stays on as CEO of Brookfield Corporation.