Brookfield Asset Management Closes Transaction to Broaden Shareholder Ownership and Enhance Index Eligibility

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) today announced the completion of the previously-announced arrangement to enhance BAM's corporate structure and broaden shareholder ownership (the "Arrangement"). In the transaction, BAM acquired approximately 73% of the outstanding common shares of Brookfield's asset management business, from BN in exchange for 1,194,021,145 newly-issued Class A Limited Voting Shares ...