Brookfield, Connecticut

Brookfield Infrastructure and Inter Pipeline Announce Subsequent Acquisition Transaction and Completion of Offer

Retrieved on: 
Saturday, September 4, 2021
S&P/TSX 60, Companies, Economy of Toronto, Economy of Canada, Brookfield Asset Management, Brookfield Infrastructure Partners, Inter Pipeline, Brookfield, Connecticut, S&P/TSX Composite Index, Brookfield, Wisconsin, Brookfield, Illinois, Brookfield, Massachusetts

BROOKFIELD, NEWS, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, “Brookfield Infrastructure”) and Inter Pipeline (TSX:IPL) are pleased to announce the expiry of the Offer. Since the initial expiry time of the Offer, Brookfield Infrastructure has taken-up an incremental 33,087,736 Inter Pipeline common shares tendered under the Offer during the mandatory extension period. Upon payment for such Inter Pipeline common shares, Brookfield Infrastructure will increase its ownership of Inter Pipeline to 76.4%.

Key Points: 
  • Brookfield Infrastructure and Inter Pipeline Ltd. (Inter Pipeline) are pleased to announce that they have entered into an arrangement agreement regarding a statutory plan of arrangement, under which Brookfield Infrastructure will acquire all remaining Inter Pipeline common shares (the Subsequent Acquisition Transaction)
    Brookfield Infrastructure also announces the expiry of its take-over bid dated February 22, 2021 (as amended, the Offer) to acquire all of the common shares of Inter Pipeline not owned by Brookfield Infrastructure
    Upon payment for the Inter Pipeline common shares tendered under the Offer, Brookfield Infrastructure will own 76.4% of Inter Pipelines common shares
    BROOKFIELD, NEWS, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, Brookfield Infrastructure) and Inter Pipeline (TSX:IPL) are pleased to announce the expiry of the Offer.
  • Upon payment for such Inter Pipeline common shares, Brookfield Infrastructure will increase its ownership of Inter Pipeline to 76.4%.
  • The Arrangement constitutes the Subsequent Acquisition Transaction contemplated in the Offer, by which Brookfield Infrastructure will acquire ownership of 100% of the Inter Pipeline common shares.
  • Following completion of the Subsequent Acquisition Transaction, Brookfield Infrastructure will seek to delist the Inter Pipeline common shares from trading on the Toronto Stock Exchange.

Brookfield Real Assets Income Fund Inc. Announces Portfolio Manager Update Webcast

Retrieved on: 
Tuesday, July 27, 2021
Finance, Investment, Brookfield Asset Management, S&P/TSX 60, Economy of Toronto, Economy of Canada, Brookfield, Connecticut, Real assets, Companies listed on the Toronto Stock Exchange, Brookfield Renewable Partners

NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (PSG) will host a webcast for the Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the Fund) on Tuesday, August 3, 2021 at 4:30pm ET.

Key Points: 
  • NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (PSG) will host a webcast for the Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the Fund) on Tuesday, August 3, 2021 at 4:30pm ET.
  • Brookfield Public Securities Group LLC (PSG) is an SEC-registered investment adviser that represents the Public Securities platform of Brookfield Asset Management Inc., providing global listed real assets strategies including real estate equities, infrastructure equities, energy infrastructure equities, multi-strategy real asset solutions and real asset debt.
  • Brookfield Real Assets Income Fund Inc. is managed by Brookfield Public Securities Group LLC.
  • Brookfield Real Assets Income Fund Inc.

Brookfield Announces Initial US$7 Billion Closing for Brookfield Global Transition Fund

Retrieved on: 
Tuesday, July 27, 2021
Economy of Toronto, Companies, Economy of Canada, Brookfield Asset Management, S&P/TSX 60, Brookfield Renewable Partners, Bruce Flatt, Brookfield, Connecticut, Mark Carney, Brookfield, Wisconsin, Brookfield

BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (“Brookfield”) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (“BGTF” or the “Fund”), establishing BGTF as the largest fund focused on the global transition to a net-zero economy. The Fund will build on Brookfield’s leadership in renewable power and deep operating capabilities to scale clean energy and invest capital to catalyze the transformation of carbon-intensive businesses to achieve Paris-alignment.

Key Points: 
  • BROOKFIELD NEWS, July 27, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) (Brookfield) today announced an initial US$7 billion closing for the Brookfield Global Transition Fund (BGTF or the Fund), establishing BGTF as the largest fund focused on the global transition to a net-zero economy.
  • Bruce Flatt, CEO of Brookfield said, We are thrilled to have this group of strategic, like-minded partners investing alongside us in the Brookfield Global Transition Fund.
  • Mark Carney, Brookfield Vice Chair and Head of Transition Investing, added, Brookfield is committed to achieving net-zero by 2050 or sooner, and to accelerating the global net-zero transition.
  • The Brookfield Global Transition Fund, co-led by Mark Carney, Brookfield Vice Chair and Head of Transition Investing, and Connor Teskey, CEO of Brookfield Renewables, is Brookfields inaugural impact fund focusing on investments that accelerate the global transition to a net-zero carbon economy, while delivering strong risk-adjusted returns to investors.

Brookfield Asset Management Completes Privatization of Brookfield Property Partners

Retrieved on: 
Monday, July 26, 2021
Companies, Economy of Toronto, Real estate, Brookfield Asset Management, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield, Connecticut, Brookfield, Brookfield Renewable Partners, Companies listed on the Toronto Stock Exchange

BROOKFIELD NEWS, July 26, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced that BAM has completed its previously announced acquisition of all of the limited partnership units of BPY and the exchangeable limited partnership units of Brookfield Office Properties Exchange LP.

Key Points: 
  • Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$600 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.
  • Brookfield Asset Management is listed on the NYSE and the TSX under the symbols BAM and BAM.A, respectively.
  • Brookfield Property Partners through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc. is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion in assets under management.

Brookfield Property Partners Announces Results of Unitholder Elections in Privatization Transaction

Retrieved on: 
Friday, July 23, 2021
Companies, Real estate, Economy of Toronto, Brookfield Asset Management, Brookfield Properties Retail Group, Brookfield Property Partners, Brookfield, Connecticut, Brookfield, Brookfield Properties, Companies listed on the Toronto Stock Exchange

BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (“BPY”) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (the “transaction”).

Key Points: 
  • All dollar references are in U.S. dollars, unless noted otherwise1
    BROOKFIELD NEWS, July 23, 2021 (GLOBE NEWSWIRE) -- Brookfield Property Partners L.P. (BPY) (Nasdaq: BPY; TSX: BPY.UN) today announced the results of unitholder elections in Brookfield Asset Management Inc.s (BAM) acquisition of all of the limited partnership units of BPY (the transaction).
  • Brookfield Property Partners, through Brookfield Property Partners L.P. and its subsidiary Brookfield Property REIT Inc., is one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners is the flagship listed real estate company of Brookfield Asset Management Inc., a leading global alternative asset manager with over $600 billion in assets under management.
  • Brookfield Property Partners L.P. is listed on the Nasdaq Stock Market and the Toronto Stock Exchange.

One Year After Fitwel® Introduced Viral Response Module, 100 Million SF of Commercial Real Estate Properties Have Achieved Certification

Retrieved on: 
Friday, July 23, 2021
Brookfield Asset Management, Brookfield Properties, Nuveen, Brookfield, Illinois, Brookfield, Connecticut, Barings LLC, Brookfield, Service companies, Real estate, Companies

NEW YORK, July 23, 2021 /PRNewswire/ -- One year after introducing the Viral Response Module (VRM), Fitwel® – the world's leading healthy building certification system – today announced that more than 100 million square feet of commercial real estate properties have achieved certification. This is a significant milestone that has the potential to positively impact the health of hundreds of thousands of building occupants, and demand for the VRM continues to grow. The VRM's innovative two-step process allows companies to adopt rigorous policies aligned with the best science available in order certify at the enterprise level, and then rapidly and cost-effectively implement at scale across individual assets. 

Key Points: 
  • NEW YORK, July 23, 2021 /PRNewswire/ --One year after introducing the Viral Response Module (VRM), Fitwel the world's leading healthy building certification system today announced that more than 100 million square feet of commercial real estate properties have achieved certification.
  • In the second quarter, Brookfield Properties, Nuveen Real Estate and Barings Real Estate represent some of the latest major real estate owners to certify enterprise-level operational policies.
  • The entirety of Brookfield Properties' core operating office portfolio in Washington D.C. received the accreditation.
  • The module also creates economies of scale, making it affordable to roll out an effective viral response across entire portfolios.

FCPT Announces Acquisition of an Outback Steakhouse Property from Brookfield Properties for $1.9 Million

Retrieved on: 
Friday, July 16, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Brookfield Asset Management, Brookfield Properties, Brookfield, Connecticut, Real estate, Economy of Canada, Companies

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $1.9 million from a previously announced Brookfield Properties transaction.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $1.9 million from a previously announced Brookfield Properties transaction.
  • The Brookfield Properties portfolio was priced at a capitalization rate consistent with previous FCPT transactions.
  • Inclusive of todays acquisition, FCPT has acquired a total of 19 properties for $35 million related to the Brookfield portfolio announced in October 2019.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

AM Best Affirms Credit Ratings of Brookfield Annuity Company

Retrieved on: 
Wednesday, July 14, 2021
Insurance, Professional services, Actuarial science, Finance, Annuities, Insurance, Money, Credit rating agencies, Brookfield, Connecticut, Brookfield, AM Best, Enterprise risk management, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Brookfield Annuity Company (Toronto, Ontario, Canada).
  • Brookfield Annuity Company is a wholly owned subsidiary of Brookfield Asset Management Reinsurance Partners Ltd (BAM Re) [TSX: BAMR; NYSE: BAMR].
  • The ratings reflect Brookfield Annuity Companys balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Portfolio Manager Update Webcast

Retrieved on: 
Tuesday, July 13, 2021
Brookfield, Connecticut, Finance, Real assets, Economy, Brookfield Asset Management, Companies listed on the Toronto Stock Exchange

NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (PSG) will host a webcast for Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the Fund) on Tuesday, July 20, 2021 at 2:00pm ET.

Key Points: 
  • NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (PSG) will host a webcast for Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the Fund) on Tuesday, July 20, 2021 at 2:00pm ET.
  • PSG will provide an update on the Fund and on general market conditions.
  • Brookfield Real Assets Income Fund Inc. is managed by Brookfield Public Securities Group LLC.
  • The Fund uses its website as a channel of distribution of material information about the Fund.

Brookfield Residential 2021 Second Quarter Results Conference Call Notice

Retrieved on: 
Wednesday, July 7, 2021
Finance, Money, Economy, Stock market, Brookfield, Connecticut, Brookfield Residential, Brookfield, Wisconsin, Financial analyst, Lluís Companys, Security

CALGARY, Alberta, July 07, 2021 (GLOBE NEWSWIRE) -- Brookfield Residential Properties Inc. (Brookfield Residential or the Company) today announced that its 2021 second quarter results will be released after market closes on Thursday, August 5, 2021.

Key Points: 
  • CALGARY, Alberta, July 07, 2021 (GLOBE NEWSWIRE) -- Brookfield Residential Properties Inc. (Brookfield Residential or the Company) today announced that its 2021 second quarter results will be released after market closes on Thursday, August 5, 2021.
  • The financial results and information relating to the 2021 second quarter will be posted on the Companys website at BrookfieldResidential.com.
  • Current holders and beneficial owners of, and prospective investors in, Brookfield Residentials debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Friday, August 6, 2021 at 11:00 am (EST) to discuss the Companys results of operations during the second quarter of 2021 and current business initiatives with members of senior management.
  • Telephone replay of the conference call will be available for one month following the scheduled call, until end of day September 6, 2021.