Brookfield Corp (TSX:BN)
C$ 82.79 0.81 (0.99%) Market Cap: 124.89 Bil Enterprise Value: 627.04 Bil PE Ratio: 128.79 PB Ratio: 2.14 GF Score: 75/100
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Brookfield Asset Management Inc Extraordinary Shareholders Meeting Transcript

Nov 09, 2022 / 04:30PM GMT
Release Date Price: C$44.34 (-1.12%)
Francis Joseph McKenna
Brookfield Asset Management Inc. - Independent Chairman of the Board

Good morning, ladies and gentlemen. It's now 11:30 a.m. My name is Frank McKenna. I'm Chair of the Board. It's my pleasure to chair today's meeting of shareholders of Brookfield Asset Management being held in connection with the public (inaudible) distribution of a 25% interest in our asset management business. I will refer to the new public company resulting from this transaction as the manager.

This creates a separate security for our American leading pure-play global alternative asset manager. We hope it will provide an added optionality for inorganic growth, further adding scale and diversification to our platform. Our asset manager has best-in-class long-term annuity-like cash flow streams. Our product offering is highly diversified, focused across alternative strategies and well positioned to benefit from the tailwinds around decarbonization and the global build-out of infrastructure. The manager has our robust liquidity position and will be (inaudible) zero debt. The dividend payout ratio is

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