Canadian alternative asset manager to repurchase shares

  • Brookfield Asset Management plans to renew its share repurchase program
  • The company aims to buy back up to 10% of its issued and outstanding common shares
  • The Toronto Stock Exchange has approved the renewal of its normal course issuer bid
  • Shares of Brookfield Asset Management have risen nearly 25% over the last 12 months
  • The buyback period will begin on Thursday and run until Jan. 10 of next year

Brookfield Asset Management has received approval from the Toronto Stock Exchange to renew its share repurchase program. The company plans to buy back up to 10% of its issued and outstanding common shares, which would be valued at approximately C$1.79 billion. Shares of Brookfield Asset Management have seen a significant increase of nearly 25% over the past year. The buyback period will begin on Thursday and continue until Jan. 10 of next year.

Public Companies: Brookfield Asset Management (N/A)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about Brookfield Asset Management’s plans to renew its share repurchase program and the approval of the renewal by the Toronto Stock Exchange. It also includes the current value of the shares and the buyback period. However, it lacks additional context or analysis, making it somewhat limited in terms of depth and breadth of information.

Noise Level: 7
Justification: The article provides information about Brookfield Asset Management’s plan to renew its share repurchase program. However, it lacks analysis or insights into the long-term trends or consequences of this decision. It also does not provide evidence or data to support its claims. Overall, the article is mostly focused on reporting the company’s actions without providing much depth or actionable insights.

Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to Brookfield Asset Management’s share repurchase program, which may impact the company’s stock price and potentially the broader financial markets.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses a share repurchase program by Brookfield Asset Management, which is a financial topic. There is no mention of any extreme event.

Reported publicly: www.marketwatch.com