Brookfield Asset Management Ltd. has renewed its normal‑course issuer bid, giving the company the authority to repurchase up to 36,946,177 Class A Limited Voting Shares—roughly 10 % of the public float—between January 13 2026 and January 12 2027.
The bid allows Brookfield to buy shares on the New York Stock Exchange, the Toronto Stock Exchange, or alternative trading systems, with a daily cap of 365,499 shares on the TSX. The program is structured to provide flexibility while preventing market disruption, and the daily limit ensures a gradual reduction of the share count over the bid period.
Under the previous bid, Brookfield had already repurchased 6,548,561 shares at an average price of US$54.14 per share. The new authorization expands the company’s ability to deploy capital, reflecting a shift from a largely dormant program to an active capital‑return strategy that aligns with its long‑term, fee‑bearing asset focus.
Brookfield’s decision to renew the bid comes amid a broader capital‑allocation push that includes a $100 billion AI infrastructure program and a $20 billion AI joint venture. Management views the buyback as a complementary lever to the company’s growth initiatives, providing a steady return to shareholders while preserving liquidity for high‑margin, long‑term investments.
Financially, Brookfield reported record earnings in Q3 2025, with assets under management reaching $1.151 trillion and earnings driven by strong fee income and disciplined cost control. President Connor Teskey highlighted the company’s “record fundraising and deployment” as a foundation for both the buyback and its strategic expansion into AI and renewable infrastructure.
The renewal signals Brookfield’s confidence in its balance sheet and its commitment to shareholder value. By combining a disciplined buyback program with aggressive growth in high‑return sectors, the company aims to sustain share price stability and enhance long‑term returns for investors.
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