Brookfield Asset Management Reinsurance Raises Quarterly Distribution From $0.13 To $0.14/Share
$BAMR
Brookfield Asset Management Reinsurance Raises Quarterly Distribution From $0.13 To $0.14/Share
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BROOKFIELD, NEWS, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) ("Brookfield Reinsurance" or the "Company") today announced that it has completed the previously announced special distribution (the "Special Distribution") of shares of Brookfield Asset Management Ltd. (the "Manager shares") to the holders of our Company's class A exchangeable limited voting shares ("class A exchangeable shares") and class B limited voting shares. The Special Distribution The Special Distribution was completed by way of a return of capital, resulting in a reduction to the par value of the class A exchangeable shares and class B limited voting shares of our Company in the amount
BROOKFIELD, NEWS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) ("Brookfield Reinsurance" or the "Company") today announced that it has set a distribution record date of December 2, 2022 (the "Record Date") for the previously announced special distribution (the "Special Distribution") of shares of Brookfield Asset Management Ltd. (the "Manager shares") to the holders of its class A exchangeable limited voting shares ("Brookfield Reinsurance Class A Shares") and class B limited voting shares ("Brookfield Reinsurance Class B Shares"). Background – Brookfield Arrangement Brookfield Asset Management Inc. ("Brookfield") announced earlier today that it has received
BROOKFIELD, NEWS, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2022. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our results for the third quarter were excellent, with strong results across our diversified business lines which benefitted from our ongoing repositioning of our investment portfolios in this higher yielding environment. Today, with over $23 billion in liquidity across our portfolios, we are in an optimal position to capture further opportunities arising from the current market environment, which should allow us to realize strong risk-adjusted returns within our operati
BROOKFIELD, NEWS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) ("Brookfield Reinsurance" or the "Company") today announced that it has set a distribution record date of December 2, 2022 (the "Record Date") for the previously announced special distribution (the "Special Distribution") of shares of Brookfield Asset Management Ltd. (the "Manager shares") to the holders of its class A exchangeable limited voting shares ("Brookfield Reinsurance Class A Shares") and class B limited voting shares ("Brookfield Reinsurance Class B Shares"). Background – Brookfield Arrangement Brookfield Asset Management Inc. ("Brookfield") announced earlier today that it has received
BROOKFIELD, NEWS, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2022. Sachin Shah, CEO of Brookfield Reinsurance, stated, "Our results for the third quarter were excellent, with strong results across our diversified business lines which benefitted from our ongoing repositioning of our investment portfolios in this higher yielding environment. Today, with over $23 billion in liquidity across our portfolios, we are in an optimal position to capture further opportunities arising from the current market environment, which should allow us to realize strong risk-adjusted returns within our operati
BROOKFIELD, NEWS, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) ("Brookfield Reinsurance" or the "Company") announced today that a special general meeting of its shareholders has been called for November 9, 2022. Background – Brookfield Arrangement Brookfield Asset Management Inc. ("Brookfield") announced earlier today that its Board of Directors has unanimously approved the transaction for the public listing and distribution of a 25% interest in its asset management business, through Brookfield Asset Management Ltd. (the "Manager") pursuant to a plan of arrangement (the "Brookfield Arrangement") under the Business Corporations Act (Ontario). On completion o
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BROOKFIELD, NEWS, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) today announced financial results for the quarter ended June 30, 2022. Sachin Shah, CEO of Brookfield Reinsurance, stated, "With the closing of American National, we now manage over $40 billion of assets, a substantial portion of which are in cash and short-dated liquid securities. Our focus now shifts to investing these assets for value in a rising rate environment." UnauditedAs at and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2022 2021 2022 2021Total Assets$41,019 $2,640 $41,019 $2,640Adjusted equity1 3,767 1,252 3,767 1,252Dis
BROOKFIELD, NEWS, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Reinsurance Partners Ltd. ("Brookfield Reinsurance") ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2021. Sachin Shah, CEO of Brookfield Reinsurance, stated, "We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions. Since we last reported, we have closed on a number of reinsurance and pension risk transfer opportunities, increasing our assets under management to $8 billion. Through our strategic partnership with Brookfield, we have successfully redeployed a significant portion of th
BROOKFIELD NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield today announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business. In this newly created role, Mr. McRaith will participate in all aspects of Brookfield's global insurance operations. Brookfield's Insurance Solutions business is focused on providing capital and investment solutions that match assets and liabilities for the benefit of policyholders and other stakeholders. Leveraging Brookfield's extensive expertise and capacity across real estate, infrastructure, renewable power and private credit, Insurance Solutions partners with leading insurers to develop portfolios with high-quality inve
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Monday saw 196 companies set new 52-week lows. Areas of Interest About Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Brookfield Asset Mgmt (NYSE:BAM). The smallest company in terms of market cap to set a new 52-week low was Dermata Therapeutics (NASDAQ:DRMA). Nuwellis (NASDAQ:NUWE) shares traded down 8241.83% to reach its 52-week low, making it the biggest loser. Lilium (NASDAQ:LILM)'s stock rebounded the most, as it traded up 0.0% after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Monday: Dominion Energy (NYSE:D) shares set a new yearly low of $57.23 this morning. The stock was down 0.72%
Brookfield Asset Mgmt (NYSE:BAMR) reported quarterly earnings of $0.14 per share. This is a 7.69 percent increase over earnings of $0.13 per share from the same period last year. The company reported $2.02 billion in sales this quarter. This is a 10.72 percent decrease over sales of $2.27 billion the same period last year.
Companies Reporting Before The Bell • IDEX Biometrics (NASDAQ:IDBA) is estimated to report earnings for its third quarter. • Wix.com (NASDAQ:WIX) is expected to report quarterly loss at $0.09 per share on revenue of $343.33 million. • ArcelorMittal (NYSE:MT) is estimated to report quarterly earnings at $1.25 per share on revenue of $18.36 billion. • Navios Maritime Partners (NYSE:NMM) is estimated to report earnings for its third quarter. • TG Therapeutics (NASDAQ:TGTX) is estimated to report earnings for its third quarter. • Dillard's (NYSE:DDS) is estimated to report earnings for its third quarter. • VerifyMe (NASDAQ:VRME) is projected to report earnings for its third quarter. • Wa