Brookfield Asset Management Schedules Special Shareholder Meeting

Brookfield Asset Management Schedules Special Shareholder Meeting

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) has announced a new date for its special shareholder meeting. This important event will take place on January 27, 2025, following recent improvements in mail service. The meeting is focused on a proposed corporate arrangement intended to bolster the organization's structure.

Key Details Regarding the Upcoming Meeting

The special meeting will commence at 10:00 a.m. (EST) and will be conducted in a virtual format, allowing shareholders to join and participate through a live audio webcast. During the meeting, participants will have the opportunity to vote on two significant resolutions. The first is the Arrangement Resolution, which seeks approval for the proposed arrangement. The second is the Director Increase Resolution, aiming to expand the number of directors from 12 to 14.

Why This Meeting is Important

The decision to hold this meeting stems from the board of directors' commitment to ensuring that the arrangement serves the best interests of Brookfield Asset Management's stakeholders. The board, under the guidance of Mr. Bruce Flatt (CEO of both BAM and Brookfield Corporation), believes this arrangement will further streamline operations and enhance governance.

Looking Ahead Following Approval

Should shareholders approve the Arrangement Resolution at the special meeting, BAM plans to seek a final court approval from the Supreme Court of British Columbia by January 30, 2025. Pending this and other customary conditions, the corporate arrangement is expected to be finalized by February 2025.

Enhancing the Board's Composition

The move to increase the board's size will allow Brookfield Asset Management to fill additional roles with qualified candidates based in the U.S., reflecting its extensive asset management activities in that region. This strategic expansion is not just about filling seats; it’s about diversifying expertise and ensuring effective oversight as BAM continues to evolve and grow.

Virtual Meeting Participation

For those planning to attend the virtual meeting, details have been provided for logging in. Shareholders can easily engage in real-time discussions and exercises their voting rights through a dedicated web platform. Important instructions will be included in the management information circular that shareholders can access electronically.

Proxy Voting and Instructions

For shareholders unable to attend the meeting, proxy voting is available. Votes must be submitted by 5:00 p.m. (EST) on January 23, 2025. There are multiple ways to cast proxy votes, including online and via mail. Shareholders are encouraged to review their voting options carefully to ensure their voices are heard.

About Brookfield Asset Management

Brookfield Asset Management positions itself as a top global alternative asset manager, overseeing assets exceeding $1 trillion across various sectors, including renewable energy, infrastructure, private equity, and real estate. With a focus on generating long-term value, BAM manages investment strategies designed for resilience against economic fluctuations, partnering with a diverse range of clients worldwide.

For further inquiries or assistance, shareholders and interested parties can reach out to Brookfield Asset Management's media or investor relations teams as listed on their corporate website.

Frequently Asked Questions

What is the main purpose of the upcoming special meeting?

The special meeting aims to approve a proposed corporate arrangement and increase the board of directors from 12 to 14 members.

When is the special meeting scheduled?

The special shareholder meeting is scheduled for January 27, 2025, at 10:00 a.m. (EST).

How can shareholders participate in the meeting?

Shareholders can participate in the meeting virtually via a live audio webcast, allowing for real-time engagement and voting.

What happens if the Arrangement Resolution is approved?

If approved, BAM will seek a final order from the Supreme Court of British Columbia to complete the arrangement, expected by the end of January 2025.

What resources are available for shareholders wishing to vote by proxy?

Shareholders can cast their proxy votes online, via fax, mail, or by telephone before the specified deadline on January 23, 2025.

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