Brookfield Asset Management

Brookfield Renewable Announces Intention to Redeem its Series 11 Preferred Units

Retrieved on: 
Wednesday, April 6, 2022

BROOKFIELD, News, April 05, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) today announced that it intends to redeem all of its outstanding Class A Preferred Limited Partnership Units, Series 11 (the Series 11 Preferred Units) (TSX: BEP.PR.K) for cash on April 30, 2022.

Key Points: 
  • BROOKFIELD, News, April 05, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) today announced that it intends to redeem all of its outstanding Class A Preferred Limited Partnership Units, Series 11 (the Series 11 Preferred Units) (TSX: BEP.PR.K) for cash on April 30, 2022.
  • The redemption price for each Series 11 Preferred Unit will be C$25.00.
  • Holders of Series 11 Preferred Units of record as of April 14, 2022 will receive the previously declared final quarterly distribution of C$0.3125 per Series 11 Preferred Unit.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$690 billion of assets under management.

Brascan Gold to Acquire Seven (7) Gold Properties in Newfoundland

Retrieved on: 
Wednesday, April 6, 2022

The Properties (identified in blue in the below image) cover a total of 13,125 hectares spread broadly across Newfoundland.

Key Points: 
  • The Properties (identified in blue in the below image) cover a total of 13,125 hectares spread broadly across Newfoundland.
  • Brascans current stable of five (5) gold properties are identified in gold in the below image and are focused in northern Newfoundland in the Baie Verte area.
  • Upon signing the Definitive Agreement, Brascan intends to immediately conduct field programs including drilling to expand on the gold potential of the Properties.
  • Balbir Johal, CEO and Director of Brascan, states Brascan is building a large portfolio of gold properties, carefully selected across Newfoundland.

CDK Global to Be Acquired by Brookfield for $54.87 Per Share in Cash

Retrieved on: 
Thursday, April 7, 2022

Under the terms of the merger agreement, Brookfield will commence a tender offer to acquire all of the outstanding shares of CDK.

Key Points: 
  • Under the terms of the merger agreement, Brookfield will commence a tender offer to acquire all of the outstanding shares of CDK.
  • The agreement was unanimously approved by CDKs Board of Directors, which recommends that CDK stockholders tender their shares in the offer.
  • This transaction is an exciting next step for CDK that provides our shareholders with both certainty of value and a meaningful premium.
  • Brookfield Asset Management is a leading global alternative asset manager with approximately $690 billion of assets under management.

Brookfield Renewable Announces Exercise of Underwriters’ Option

Retrieved on: 
Tuesday, April 5, 2022

BROOKFIELD, News, April 05, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced that as a result of strong investor demand for its previously announced offering, the underwriters have exercised their option to increase the size of the offering to 6,000,000 5.50% Cumulative Perpetual Class A Preferred Limited Partnership Units, Series 18 (the “Series 18 Preferred Units”) to be offered on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., RBC Capital Markets, Scotiabank and TD Securities Inc. The Series 18 Preferred Units will be issued at a price of C$25.00 per unit, for gross proceeds of C$150,000,000.

Key Points: 
  • Once filed, the prospectus supplement will be available on Brookfield Renewables profile on SEDAR at www.sedar.com .
  • Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms.
  • Brookfield Renewable is listed on the New York and Toronto stock exchanges.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$690 billion of assets under management.

Brookfield Renewable to Issue C$125 Million of 5.50% Preferred Units

Retrieved on: 
Tuesday, April 5, 2022

BROOKFIELD, News, April 05, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced that it has agreed to issue 5,000,000 5.50% Cumulative Perpetual Class A Preferred Limited Partnership Units, Series 18 (the “Series 18 Preferred Units”) on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., RBC Capital Markets, Scotiabank and TD Securities Inc. for distribution to the public. The Series 18 Preferred Units will be issued at a price of C$25.00 per unit, for gross proceeds of C$125,000,000.

Key Points: 
  • The Series 18 Preferred Units will be issued at a price of C$25.00 per unit, for gross proceeds of C$125,000,000.
  • Holders of the Series 18 Preferred Units will be entitled to receive a fixed cumulative quarterly distribution yielding 5.50% annually.
  • The Series 18 Preferred Units will be redeemable by Brookfield Renewable on and after April 30, 2027.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$690 billion of assets under management.

Brookfield Infrastructure Partners to Host First Quarter 2022 Results Conference Call

Retrieved on: 
Friday, April 1, 2022

BROOKFIELD, NEWS, April 01, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its first quarter 2022 conference call and webcast on Wednesday, May 4 at 9:00 a.m.

Key Points: 
  • BROOKFIELD, NEWS, April 01, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners will hold its first quarter 2022 conference call and webcast on Wednesday, May 4 at 9:00 a.m.
  • To participate in the conference call, please dial +1-866-688-9459 toll-free in North America, or for overseas calls please dial +1-409-216-0834 at approximately 8:50 a.m. (Conference ID: 3435919).
  • Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.
  • Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately US$690 billion of assets under management.

Brookfield Business Corporation Completes 2021 Annual Filings

Retrieved on: 
Wednesday, March 30, 2022

BROOKFIELD, NEWS, March 29, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that it has filed its 2021 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2021, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR.

Key Points: 
  • BROOKFIELD, NEWS, March 29, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that it has filed its 2021 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2021, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR.
  • Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position.
  • Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation.
  • Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Managements Private Equity Group.

THE LEELA PALACES, HOTELS AND RESORTS EXPANDS FOOTPRINT IN SOUTH INDIA WITH THE SIGNING OF THE LEELA KOVALAM, A RAVIZ HOTEL AND THE LEELA ASHTAMUDI, A RAVIZ HOTEL IN KERALA

Retrieved on: 
Friday, March 25, 2022

MUMBAI, India, March 25, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts today announced the signing of a management agreement for two properties, The Leela Kovalam, a Raviz Hotel and The Leela Ashtamudi, a Raviz Hotel in Kerala, expanding its footprint in South India and fortifying the brand's resort portfolio. The Leela Kovalam, a Raviz Hotel returns to The Leela portfolio after three years while The Leela Ashtamudi, a Raviz Hotel will be a significant new addition to the brand portfolio to complete the much sought-after and serenely beautiful Kerala itinerary.

Key Points: 
  • The two resorts complement each other and define two very distinctive and unique experiences that showcase the best of Kerala.
  • An authentic backwater resort, The Leela Ashtamudi, a Raviz Hotel reflects traditional Nlukettu architecture capturing glimpses of Kerala's heritage.
  • In 2021 The Leela opened 3 hotels, The Leela Palace Jaipur, The Leela Gandhinagar and The Leela Bhartiya City Bengaluru adding 799 keys.
  • The brand has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance.

THE LEELA PALACES, HOTELS AND RESORTS EXPANDS FOOTPRINT IN SOUTH INDIA WITH THE SIGNING OF THE LEELA KOVALAM, A RAVIZ HOTEL AND THE LEELA ASHTAMUDI, A RAVIZ HOTEL IN KERALA

Retrieved on: 
Friday, March 25, 2022

MUMBAI, India, March 25, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts today announced the signing of a management agreement for two properties, The Leela Kovalam, a Raviz Hotel and The Leela Ashtamudi, a Raviz Hotel in Kerala, expanding its footprint in South India and fortifying the brand's resort portfolio. The Leela Kovalam, a Raviz Hotel returns to The Leela portfolio after three years while The Leela Ashtamudi, a Raviz Hotel will be a significant new addition to the brand portfolio to complete the much sought-after and serenely beautiful Kerala itinerary.

Key Points: 
  • The two resorts complement each other and define two very distinctive and unique experiences that showcase the best of Kerala.
  • The coming together of Raviz and Leela will create a synergy that can propel the State to the centre stage of the global tourism network.
  • In 2021 The Leela opened 3 hotels, The Leela Palace Jaipur, The Leela Gandhinagar and The Leela Bhartiya City Bengaluru adding 799 keys.
  • The brand has a marketing alliance with US-based Preferred Hotels & Resorts and is a member of the Global Hotel Alliance.

THE LEELA PALACES, HOTELS AND RESORTS WELCOMES NOBEL PEACE LAUREATE KAILASH SATYARTHI TO THEIR ICONS OF INDIA BY THE LEELA INITIATIVE

Retrieved on: 
Monday, March 14, 2022

MUMBAI, India, March 14, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts welcomed Nobel Peace Laureate Kailash Satyarthi, to their Icons of India by The Leela initiative. Nobel Peace Laureate Kailash Satyarthi, envisions a world where all children are free, safe, healthy, receive a quality education, and can realize their potential. Partnering with Kailash Satyarthi Children's Foundation (KSCF), The Leela has committed to empowering children by sponsoring 10 Bal Mitra Gram™ (BMG™) or Child Friendly Villages, an internationally recognized model for child-centered rural development while promoting child protection and child development.

Key Points: 
  • MUMBAI, India, March 14, 2022 /PRNewswire/ --The Leela Palaces, Hotels and Resorts welcomed Nobel Peace Laureate Kailash Satyarthi, to their Icons of India by The Leela initiative.
  • Nobel Peace Laureate Kailash Satyarthi, envisions a world where all children are free, safe, healthy, receive a quality education, and can realize their potential.
  • The brand had earlier announced sarod virtuosos Amaan and Ayaan Ali Bangash as their Icons of India by The Leela.
  • Kailash Satyarthi Children's Foundation (KSCF) founded by Nobel Peace Laureate Kailash Satyarthi is a leader in child protection and child development.