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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Brookfield Corporation (BN)
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Author: Baybrooke ✸  😊 😞
Number: of 579 
Subject: Re: Oaktree
Date: 07/07/24 12:59 AM
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Oaktree ~68% → BAM ~75% → BN

73% is the correct number. BAM increased ownership in Oaktree recently by 5% as noted in the 1Q quarterly report.

Also, the AEL acquisition by BNRE which completed in May was going to reduce BN's ownership in BAM to approximately 73%. The upcoming 2Q quarterly report may give us an update on this.

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On April 8, 2024, the Company acquired an additional 4.5% interest in Oaktree. The Asset Management company paid cash consideration of $331 million, of which $57 million was provided by the Corporation for its interest in preferred shares redeemable non-controlling interest. The net purchase price to the Company was $274 million. This increased the Company's ownership interest from approximately 68% to approximately 73%.

bam.brookfield.com - Quarterly Reports

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This community has written 574 posts about Brookfield Corporation. The article-length ones it recommended most:
BN fair value · 26 recs · 2023
Lotta talk, not much action · 21 recs · 2023
Plan value versus price · 20 recs · 2024
Convergence · 19 recs · 2023
Value versus price · 15 recs · 2024
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