No. of Recommendations: 5
Don't mean to monopolize the board. Just trying to build some excitement for the upcoming earnings call on Thursday!
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May 6: Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Castlelake L.P. (“Castlelake”), an alternatives asset manager specializing in asset-based private credit including aviation and specialty finance, today announced that they have entered into an agreement whereby Brookfield will acquire a 51% stake in Castlelake’s fee-related earnings. The amount of capital to be invested will be approximately $1.5 billion, including capital to be invested in Castlelake’s investment strategies by Brookfield Reinsurance. The partnership will allow Castlelake and Brookfield to collaborate and expand Castlelake’s differentiated asset-based investment business.
https://bam.brookfield.com/press-releases/brookfie...==========
May 2: Brookfield Reinsurance (NYSE, TSX: BNRE, BNRE.A) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced the completion of Brookfield Reinsurance’s acquisition of AEL in a cash and stock transaction valued at $56.50 per AEL share. AEL’s leading fixed annuity business bolsters Brookfield Reinsurance’s expanding insurance operations and increases its insurance assets under management to over $100 billion.
https://bnre.brookfield.com/press-releases/brookfi...==========
BEP is up 27% since deal with Microsoft was announced few days ago. BN is on a tear. Now at July 2021 levels. Still a long way to go to reach it's all time high reached in early 2022.
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By the way, where is Dealraker? It's been months since he posted. Hope all is well and he will resume posting. Who else is going to remind us that life is great...if you can stand it <:-)
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