|Bid||0.00 x 1400|
|Ask||0.00 x 800|
|Day's Range||27.14 - 27.99|
|52 Week Range||9.07 - 34.25|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||2.91|
|Earnings Date||Feb 10, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||0.32 (1.17%)|
|Ex-Dividend Date||Nov 24, 2020|
|1y Target Est||29.88|
American Equity Investment Life Holding Company (NYSE: AEL) announced today that following Hart-Scott-Rodino approval, it has closed an initial equity investment of 9,106,042 shares at $37.00 per share from Brookfield Asset Management Inc. as part of a previously announced strategic partnership. With this investment and the accelerated share repurchase and other share repurchases described below, Brookfield owns an approximate 9.9% equity interest in American Equity and is entitled to one seat on the company’s Board of Directors. Sachin Shah, Managing Partner and Chief Investment Officer of Brookfield, has joined American Equity’s Board of Directors, which expanded the size of the Board to 14 members.
Moody's Investors Service, ("Moody's") has assigned a Baa3 rating to Brookfield Finance I (UK) plc's (the "UK Issuer") new perpetual subordinated notes (Notes), which are fully and unconditionally guaranteed, on a subordinated basis, by Brookfield Asset Management Inc. (BAM). The Baa3 rating assigned to the Notes reflects both their subordinated status vis a vis the UK Issuer's guarantor, BAM, whose senior unsecured rating is Baa1, as well as certain terms stated in the prospectus supplement filed by the issuer. The UK Issuer may elect to defer interest payments, and deferred interest payments will accrue interest, until such time as the UK Issuer specifies it will settle deferred and accrued interest at its option, the Notes are redeemed, or the UK Issuer is liquidated.
Moody's Investors Service, ("Moody's") has assigned provisional ratings to Brookfield Asset Management Inc.'s (BAM) multi-seniority shelf registration statement that the company filed on 6 October, 2020. Specifically, Moody's assigned provisional subordinate ratings of (P)Baa2 to the subordinated shelf registration of two of BAM's financial subsidiaries, Brookfield Finance Inc. and Brookfield Finance I (UK) plc. Any issuance by BAM's financial subsidiaries under the shelf registration would be fully and unconditionally guaranteed by BAM.