Brookfield Asset Management Ltd. (NYSE: BAM) extended its normal‑course issuer bid, authorizing the purchase of up to 36,946,177 Class A Limited‑Voting Shares—roughly 10 % of the public float—through January 12 2027. The new bid, which began on January 13 2026, will be executed on the New York Stock Exchange, Toronto Stock Exchange, and alternative trading systems at the prevailing market price or a price permitted under the bid terms.
The renewal follows a prior bid that ran from January 13 2025 to January 12 2026 and authorized 37,123,295 shares. During that period BAM repurchased 6,548,561 shares at a weighted average price of $54.14, leaving a substantial portion of the authorization unused. By extending the program, BAM signals a stronger willingness to deploy capital, reflecting confidence in its cash‑flow generation and valuation outlook.
The buyback is part of a broader capital‑allocation strategy that also includes recent AI infrastructure initiatives launched in November and December 2025. Management views the program as a tool to return capital to shareholders, support earnings per share, and reinforce the company’s dividend policy while maintaining flexibility in its capital structure.
Brookfield’s assets under management stood at $1.151 trillion as of September 2025, with a public float of 369,461,770 shares. The authorized buyback represents a significant portion of that float, underscoring the company’s commitment to shareholder value creation amid a growing portfolio of private credit, private equity, and real‑assets investments.
Purchases will be made on the NYSE, TSX, and alternative trading systems, with an automatic purchase plan that can trigger out‑of‑hours transactions subject to trading parameters and insider‑trading rules. Shares acquired under the bid will be cancelled or held by a trustee for long‑term incentive plans, ensuring alignment with the company’s governance framework.
By reducing the number of outstanding shares, the program is expected to lift earnings per share and improve the company’s capital structure. The renewal also signals management’s confidence in the firm’s long‑term growth prospects, particularly as it continues to invest in high‑return AI platforms and other strategic initiatives.
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