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Or sign-in if you have an account scrutiny that may intensify as he rolls out an ambitious “transformation” of Canada’s economy following his victory in last week’s federal election Subscribe now to read the latest news in your city and across Canada Create an account or sign in to continue with your reading experience That’s one of a handful of items on the federal government’s agenda that could attract the interest of the asset manager first as vice-chair and head of ESG and impact fund investing and then as chair It has also been exploring ways to encourage large Canadian pensions to invest more within the country a process that could lead to the privatization or development of other kinds of assets coveted by Canada’s multi-billion-dollar institutional investors: airports By signing up you consent to receive the above newsletter from Postmedia Network Inc The next issue of Top Stories will soon be in your inbox Interested in more newsletters? winds up vying for the new public-private investments alongside Canada’s largest pension funds conflict of interest safeguards are likely to return to the spotlight a professor at the University of Toronto’s Rotman School of Management who wrote a book on conflict of interest in public life said there are mechanisms in place to manage potential conflicts of interest in Ottawa These include both conflict and ethics rules that can go as far as requiring senior politicians — including the prime minister — to recuse themselves from discussions and decisions in some circumstances conflict of interest rules require that publicly traded holdings be put into a blind trust so the owner doesn’t have direct access to or knowledge of the assets Carney has said he “over-complied” with conflict and ethics rules by putting everything other than his house and had a seemingly testy exchange with a reporter who suggested that it might be better to sell his Brookfield holdings Given the limitations of a blind trust — namely that the person knows what goes into it and might reasonably assume those assets continue to be owned for some time — there are additional requirements set out by the ethics commissioner that require ministers to recuse themselves from files where there could be a conflict or perception of conflict These more stringent safeguards would apply in Carney’s case if the government has any business that directly involves Brookfield while he is prime minister “He should be screened from involvement in any file directly implicating Brookfield … (including) if Brookfield was competing with others for government business (or assets),” Stark said other ministers would be required to step in A third layer of conflict of interest and ethics rules applies when an issue is of such importance that it would be difficult for the prime minister to remove himself: divest or disclose “If by some chance Brookfield will be directly affected by an issue that is too important … to avoid prime ministerial involvement then he should fully disclose what that issue is and the nature of his holding in Brookfield that will be affected so that the public can appropriately judge his conduct,” Stark said would be to divest from whatever is putting him in potential conflict “All three of the primary remedies for conflict of interest — divestment recusal and disclosure — are necessary,” Stark said could not recuse himself would be something like a new tax policy that would have particular implications for Brookfield Carney would have to take the additional steps to avoid the appearance of conflict Stark said there was no reason to prevent Brookfield from being able to bid on major projects the Liberals make available “Suppose Brookfield tries to buy the Trans Mountain pipeline If it were doing so in a competitive bidding process there’s no reason why the prime minister would have to be involved,” he said it’s unlikely that any cabinet minister would be involved because public servants generally handle such matters precisely so as to guarantee that formal He said Carney would not be offside were he to participate in crafting general policies around inviting private companies to bid on certain infrastructure projects he would then stay out of the process that determined which companies would be involved,” Stark said Carney’s stake in Brookfield looks to be worth more than $10 million — around $3 million in Brookfield stock and options worth about US$6.8 million as of December — based on publicly available information It’s possible that he has additional holdings in Brookfield funds that are not subject to disclosure because the entities are not reporting issuers chief investment officer at First Avenue Investment Counsel Ltd even if those assets were also in the blind trust questions could be raised about whether Canadians understand the full picture of what he has at stake and whether it has the potential to influence decisions or create a level playing field “The opposition will be like bloodhounds on any and all of this stuff watching closely for any improprieties,” he said but Madden said they might feel pressure to do so if they think they aren’t getting a fair shake in desirable public-private investments who was finance minister under Justin Trudeau from 2015 to 2020 and ran a large pension and benefits consultancy before entering politics faced objections from opposition MPs when the Trudeau government introduced new pension legislation He was cleared by the federal ethics commissioner in 2018 A Bay Street lawyer who has advised on trusts involving elected officials said his experience bears out the limitations of blind trusts described by Rotman’s Stark He said it is natural for the trust beneficiaries to presume that what was put into the blind trust will be owned for some time and they should act if their role in government could have an impact on such assets “My advice to him (or anyone in that position) would always be to bend over backwards to recuse themselves even in the absence of a legal necessity to do so,” said the lawyer who spoke on condition of anonymity because he was not authorized to publicly discuss client work “It would always be better to err on the side of putting the public interest ahead of any real or possible personal interest.” a former chief executive of the Healthcare of Ontario Pension Plan said that while Carney will have to fully comply with parliamentary conflict of interest rules he thinks it would be appropriate for the prime minister to shed all links with his former business affiliations as well “I would think that Brookfield would want that as well so that they are free to be a bidder on privatized assets.” transmission or republication strictly prohibited This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy You can manage saved articles in your account A newcomer Greek restaurant — whose business sign along Moreland Boulevard has tantalizingly stood for months — has finally ended the long wait for Mediterranean food-craving patrons The Great Greek Mediterranean Grill has opened in the Town of Brookfield (but mere feet outside of the City of Waukesha) in a two-restaurant strip mall adjacent to Walgreens just west of Kossow Road The franchise location has been long in coming. A finished sign on the building was erected in late 2024, followed by a marquee sign, but with no hint of an opening date. But with a Facebook announcement April 21 the business began welcoming customers with a mix of promotions and menu introductions during a soft-open period but I think we're going to be alright," Ayan Khurram said May 1 as a small crowd gathered for an early dinner rush Khurram said the chain takes extra care to offer a quality taste adding that the pitas are supplied by restaurant supplier Sysco using Great Greek's recipe According to the corporate website were next-door neighbors in a Las Vegas neighborhood who drew inspiration from a local Greek establishment for sale they set up the first Great Greek Mediterranean Grill A franchising partnership with United Franchise Group soon followed the chain had dozens of locations spread over 18 states More may be coming under the same franchisee "They're opening five of these here in Wisconsin," Khurram said Contact reporter Jim Riccioli at james.riccioli@jrn.com The Motley Fool is a financial services company dedicated to making the world smarter The Motley Fool reaches millions of people every month through our premium investing solutions free guidance and market analysis on Fool.com Investors could be looking at Wall Street's next great dividend growth stock Brookfield Asset Management (BAM -1.50%) is an interesting dividend stock that many individual investors may not be familiar with It has generated total returns of 64% since its creation in late 2022 one of the world's largest alternative investment companies can be lucrative but are often riskier and more complex Individual investors may lack the connections or capital to access them It can be confusing to decipher how a company like Brookfield Asset Management makes money whether the stock's market-beating returns can make you a millionaire over the long term A deep dive into the business revealed some promising answers You could call Brookfield Corporation Canada's version of Berkshire Hathaway instead of holding full ownership of its various subsidiaries it spun them off as public companies and helps manage them as stakeholders Brookfield manages over $1 trillion in alternative assets spanning the globe Brookfield Asset Management creates and sells private investment funds and other products and services to raise capital from clients, then invests it on their behalf in alternative assets across the Brookfield ecosystem and elsewhere. It works similarly to a hedge fund and private businesses instead of traditional assets like stocks The company manages these investments in exchange for fees Brookfield Asset Management does not directly own or operate physical assets It's an asset-light and highly profitable business model Brookfield Asset Management has numerous non-cash items that affect its earnings it reports the cash profits it can distribute to shareholders as distributable earnings Brookfield Asset Management generated $4 billion in revenue last year and $2.36 billion in distributable earnings the business turns 59% of its revenue into cash and higher than the rate of most companies The company aims to distribute 95% of its distributable earnings to shareholders. Most companies cannot afford such a high dividend payout ratio but Brookfield Asset Management requires almost no investment in the business It grows as it raises more capital from investors Its ability to generate so much cash and still grow means that Brookfield Asset Management is a superstar dividend stock in the making Brookfield Asset Management already has an $80 billion market cap so it probably won't make you rich on a single $1,000 investment Growth depends on the company's ability to raise new capital A recession or poor performance of Brookfield's investment products could hinder growth if the company struggles to raise funds there could still be significant investment upside over the long term Alternative assets represent a $25 trillion addressable market today and that could rise to $60 trillion by 2032 There is no hard ceiling on growth as long as Brookfield Asset Management continues to attract new capital which it can invest to grow its assets under management (AUM) and Management is also optimistic about the future. The company plans to grow its distributable earnings at an annualized rate of 18% and its dividend by 15% through 2029. In that case, the stock's dividend could double by then. Its current yield is 3.6%, offering a tantalizing mix of income and growth that can translate to outsized total returns when reinvested The stock could be a millionaire-maker for investors who invest a substantial initial sum or buy and reinvest the dividends for long enough But whether it's a millionaire-maker for you or not Brookfield Asset Management has the makings of a fantastic dividend stock Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Brookfield, Brookfield Asset Management, and Brookfield Corporation. The Motley Fool has a disclosure policy *Average returns of all recommendations since inception Cost basis and return based on previous market day close Market data powered by Xignite and Polygon.io Please try using other words for your search or explore other sections of the website for relevant information Our team is working diligently to resolve the issue Thank you for your patience and understanding The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq This data feed is not available at this time These symbols will be available throughout the site during your session These instruments will be available throughout the site during your session Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use BREAKING: Berkshire Shares Slide On News Of Buffett Exit Brookfield (BN) had its Relative Strength (RS) Rating upgraded from 79 to 82 Monday Looking For The Best Stocks To Buy And Watch Start Here IBD's proprietary rating tracks price action with a 1 (worst) to 99 (best) score The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our… Trade war perils are swirling around ocean shippers and the ports that serve them Get instant access to exclusive stock lists expert market analysis and powerful tools with 2 months of IBD Digital for only $20 Learn how you can make more money with IBD's investing tools Real-time quote and/or trade prices are not sourced from all markets Ownership data provided by LSEG and Estimate data provided by FactSet MarketSurge and other marks are trademarks owned by Investor's Business Daily — One person was seriously injured in a crash Wednesday evening in Brookfield According to the Brookfield Police Department a motorcyclist was westbound on Capitol Drive around 5:30 p.m when the bike struck a dump truck which was turning northbound onto 128th Street Watch: 1 seriously injured in crash involving motorcycle Witnesses told police the speed of the motorcycle appeared to be a contributing factor to the crash The motorcyclist "sustained significant injuries," according to police The driver of the dump truck was not injured All lanes of Capitol Drive between North 124th and North 133rd streets were closed for approximately two hours due to the crash Stream local news and weather 24/7 by searching for “TMJ4” on your device Available for download on Roku, Apple TV, Amazon Fire TV, and more. Report a typo or error // Submit a news tip Report a typo As you were browsing something about your browser made us think you were a bot There are a few reasons this might happen: please make sure that cookies and JavaScript are enabled before reloading the page We're getting everything ready for you and you'll be on your way in just a few moments Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information Chief Executive Officer Sam Pollock told analysts on Wednesday Brookfield Properties has handed over Houston's largest office complex to its mezzanine lender and a Houston-based value preservation team after seven years of ownership AustralianSuper wrote Brookfield a $219M mezzanine loan for its purchase of Houston Center in December 2017, according to Private Debt Investor “We’ve structured a mutually beneficial deal and are confident the new owners will be strong stewards of the complex,” a Brookfield spokesman said in a statement to Bisnow The property transfer includes 1 Houston Center at 1221 McKinney St. all of which are at least 40 floors and 1M SF It also includes the 985K SF 4 Houston Center at 1331 Lamar St. which houses The Highlight at Houston Center retail development The law firm had previously occupied 350K SF in the tower bearing its name at 1301 McKinney St Stream Realty’s Ryan Barbles and Matt Asvestas will now lead leasing efforts for Houston Center. John Rogers, Alex Roberto and Adam Jackson will oversee the center’s business plan execution while Adam Showalter will oversee property management “Houston Center represents a transformational opportunity in a market where we have strong conviction in the long-term fundamentals and future growth,” Stream Executive Managing Director and partner Kyle Valentine said in a statement “We are fully committed to delivering an elevated experience that resonates with today’s workforce and believe the strength of our team paired with the support of an experienced institutional partner positions the campus for lasting success as a premier office destination.” Brookfield Properties also owns Allen Center, a 3.2M SF Downtown office campus that landed a major energy company lease renewal last week You are subscribed to the Bisnow Houston Newsletter or click here to copy link to clipboard We will email you a link to reset your password Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com We want to take 15 seconds to tell you what's going on: On May 5, 2025, TD Securities analyst Cherilyn Radbourne maintained a "Buy" rating on Brookfield (BN, Financial) The price target has been lowered to $74.00 from the previous $77.00 This adjustment represents a 3.90% decrease in the price target Despite the reduction in the price target, Brookfield (BN, Financial) continues to hold a "Buy" rating according to Cherilyn Radbourne The adjustment reflects TD Securities' updated assessment of the stock's potential while maintaining confidence in its overall performance in the market Investors should note that the current price target of $74.00 is denominated in USD This price target reflects the analyst's forecast based on prevailing market conditions as of the given date Based on the consensus recommendation from 10 brokerage firms, Brookfield Corp's (BN, Financial) average brokerage recommendation is currently 2.5 we have decided to reschedule the Town Wide Tag Sale to Sunday May 4th from 10:00 AM to 2:00 PM to ensure a better experience for everyone If you are participating at the Town Hall location, setup will begin at 8:00 AM on Sunday. We appreciate your understanding and flexibility, and we’re looking forward to a successful event with better weather! If you have any questions or concerns, please call 203-775-7310 or email Park&Rec@BrookfieldCT.gov This press release was produced by the Town of Brookfield The views expressed here are the author’s own Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15% The company had revenue of $907.00 million for the quarter compared to the consensus estimate of $1.73 billion Shares of NYSE BEP traded down $0.53 during midday trading on Monday The company's stock had a trading volume of 257,882 shares The stock has a market capitalization of $6.34 billion The company has a debt-to-equity ratio of 0.93 a current ratio of 0.25 and a quick ratio of 0.73 The firm has a 50 day moving average price of $22.28 and a 200-day moving average price of $23.25 Brookfield Renewable Partners has a 12-month low of $19.29 and a 12-month high of $29.56 The company also recently announced a quarterly dividend May 30th will be given a dividend of $0.373 per share This represents a $1.49 annualized dividend and a dividend yield of 6.69% Brookfield Renewable Partners's dividend payout ratio is currently -147.52% Wells Fargo & Company reduced their price target on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday Scotiabank boosted their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday One equities research analyst has rated the stock with a sell rating one has given a hold rating and eight have issued a buy rating to the company's stock the company presently has an average rating of "Moderate Buy" and an average target price of $29.70 Get Our Latest Research Report on Brookfield Renewable Partners Before you consider Brookfield Renewable Partners MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on.. and Brookfield Renewable Partners wasn't on the list While Brookfield Renewable Partners currently has a Moderate Buy rating among analysts top-rated analysts believe these five stocks are better buys View The Five Stocks Here MarketBeat's analysts have just released their top five short plays for May 2025 Learn which stocks have the most short interest and how to trade them Enter your email address to see which companies made the list Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools In recent stock market developments, Brookfield Renewable (BEP, Financial) has seen a revision in its price target by CIBC known for his comprehensive understanding of the energy sector maintained his "Outperformer" rating for the stock but made an adjustment to the price target the price target for BEP has now been lowered to USD 30.00 This adjustment represents a change of -3.23% the "Outperformer" rating indicates continued confidence in Brookfield Renewable's performance potential marking a significant update for investors tracking the performance and forecasts of BEP The change is particularly noteworthy for those considering investment decisions based on analyst projections Brookfield Renewable (BEP, Financial) has received an updated analyst rating from Wells Fargo the rating for Brookfield Renewable (BEP) remains unchanged at "Overweight." Despite maintaining the "Overweight" rating, Wells Fargo has adjusted its price target for Brookfield Renewable (BEP, Financial) a reduction from the previous target of $29.00 This adjustment represents a price target percentage change of -6.90% The current assessment by Wells Fargo, dated May 5, 2025, indicates a strategic outlook for Brookfield Renewable (BEP, Financial) reflective of market conditions and the company's performance expectations Investors and stakeholders are advised to note these developments as they consider their positions in Brookfield Renewable (BEP, Financial) especially in terms of long-term investment prospects and market trends in the renewable energy sector CIBC has adjusted its price target for Brookfield Renewable Partners (BEP, Financial) This revision is based on updated debt values and assumptions indicating confidence in the firm's potential The financial institution believes that the current valuation of BEP does not adequately reflect its capacity to achieve steady results and meet growth objectives CIBC views Brookfield Renewable Partners as well-equipped to handle U.S positioning it favorably for organic growth and potential mergers and acquisitions the firm feels that Brookfield Renewable Partners is undervalued concerning its collaboration with Microsoft and remains positive about its financial strategies and future plans For the complete transcript of the earnings call, please refer to the full earnings call transcript Look out for your first newsletter in your inbox soon The best of New York straight to your inbox We help you navigate a myriad of possibilities Sign up for our newsletter for the best of the city By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news Sign up for our email to enjoy New York without spending a thing (as well as some options when you’re feeling flush) Our newsletter hand-delivers the best bits to your inbox Sign up to unlock our digital magazines and also receive the latest news By entering your email address you agree to our Terms of Use and Privacy Policy and consent to receive emails from Time Out about news, events, offers and partner promotions. New York from label-loving fashionistas to discerning foodies at this waterfront shopping and dining mecca in Battery Park City Brookfield Place has a myriad of luxury stores Not looking to spend a lot of dough during your visit If you’re hungry for delicious cuisine you’ll find a variety of options for every budget whether you’re seeking a fancy sit-down dinner or a quick bite on the go including steakhouse staples Del Frisco’s and P.J mouthwatering BBQ from Mighty Quinn’s or Italian-inspired eats at Parm Le District Marketplace serves up French fare Chopt Salads and Black Seed Bagel offer less expensive options you can nosh on between your window shopping Thanks for subscribing! Look out for your first newsletter in your inbox soon! tiktok facebook twitter youtube About us Contact us Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world 2025 at 7:43 AM EDTBookmarkSaveTakeaways NEWBrookfield Asset Management is looking at bidding for a stake in the Sizewell C nuclear power plant under development in the UK according to people familiar with the matter The asset manager is interested in entering the process being run by the British government to find equity partners for Sizewell C ahead of a final investment decision expected later this year A bid by Brookfield would be a major boost for the process as Prime Minister Keir Starmer tries to bolster Britain as a destination for investment in order to drive job creation and economic growth Tower Research Capital LLC TRC reduced its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 48.1% during the 4th quarter according to its most recent 13F filing with the Securities & Exchange Commission The fund owned 5,511 shares of the financial services provider's stock after selling 5,109 shares during the period Tower Research Capital LLC TRC's holdings in Brookfield Asset Management were worth $299,000 at the end of the most recent quarter Other institutional investors have also made changes to their positions in the company Truvestments Capital LLC raised its position in shares of Brookfield Asset Management by 487.2% during the fourth quarter Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares during the period acquired a new stake in shares of Brookfield Asset Management during the fourth quarter worth $32,000 Versant Capital Management Inc lifted its position in Brookfield Asset Management by 1,606.3% in the 4th quarter Versant Capital Management Inc now owns 819 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 771 shares in the last quarter NewEdge Advisors LLC boosted its stake in Brookfield Asset Management by 61.0% in the 4th quarter NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock worth $47,000 after purchasing an additional 325 shares during the period Redwood Park Advisors LLC bought a new position in Brookfield Asset Management during the 4th quarter worth about $64,000 68.41% of the stock is owned by institutional investors and hedge funds Brookfield Asset Management stock traded down $0.86 during trading hours on Monday The company had a trading volume of 3,165,171 shares compared to its average volume of 1,393,115 has a one year low of $37.29 and a one year high of $62.61 The firm has a market cap of $88.25 billion The firm has a 50-day moving average of $49.67 and a 200 day moving average of $53.91 Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Wednesday The financial services provider reported $0.40 earnings per share for the quarter topping the consensus estimate of $0.39 by $0.01 Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47% research analysts expect that Brookfield Asset Management Ltd will post 1.7 earnings per share for the current year The firm also recently declared a quarterly dividend February 28th were given a dividend of $0.4375 per share This represents a $1.75 dividend on an annualized basis and a yield of 3.25% This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38 The ex-dividend date of this dividend was Friday Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58% Bank of America raised shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price for the company in a research report on Thursday Jefferies Financial Group cut their price target on shares of Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday Two equities research analysts have rated the stock with a sell rating nine have issued a buy rating and one has issued a strong buy rating to the stock the stock has an average rating of "Moderate Buy" and a consensus target price of $57.00 Get Our Latest Analysis on Brookfield Asset Management Before you consider Brookfield Asset Management and Brookfield Asset Management wasn't on the list While Brookfield Asset Management currently has a Moderate Buy rating among analysts Discover the top 7 AI stocks to invest in right now This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025 (This article has been updated with additional information.) BROOKFIELD ― Police are investigating an accusation that someone in Town Hall offered to pay a delivery driver $50 to punch a resident who has several lawsuits pending against the town in the face Brookfield Police Chief Michael Blanchard confirmed his department is investigating the complaint made by Christopher Kelleher vice chair of the town's conservation commission said East Brookfield District Court has extended a temporary no harassment order on May 2 against Kelleher He must stay away from Campbell until a court hearing on May 9 Campbell requested the order on April 25 after receiving threatening emails and phone calls from Kelleher with a 3-year-old child," said Campbell in explaining why she sought the protective order "(Kelleher) followed me to the Big Y and my job It has everything to do with being harassed." Ongoing investigationBlanchard declined to give any details He said he had thought about and decided against turning the investigation over to the Massachusetts State Police Kelleher gave a statement to police on April 24 that two men inside Town Hall had interacted with a FedEx driver who entered the building to pick up a package one of the men offered the driver $50 to attack Kelleher because he makes deliveries to Kelleher’s packing and shipping business The driver told Kelleher about the details of his conversation with the man in Town Hall Kelleher said the driver’s description of the man who made the $50 offer matches the appearance of Brookfield Select Board member Richard Chaffee the conversation happened on a day when Town Hall was locked to the public so the two men who were there were likely either town employees or officials serving on town boards Chaffee denied any connection to commit violence “I want to be absolutely clear: I did not offer any money to have Mr and I do not recall anyone else doing so either," said Chaffee's text message to the Telegram & Gazette The message continued: “The first time I heard this rumor it was in the form of secondhand gossip suggesting someone offered $20 a Brookfield police officer mentioned hearing it was $50 the allegation is absurd and entirely false." The text also mentioned Kelleher’s “contentious history” with the town It noted Kelleher resigned from the Planning Board the Conservation Commission and the Board of Health “under a cloud of controversy.” Brookfield has spent nearly $40,000 in legal fees to defend itself against multiple lawsuits by Kelleher It also said several female elected officials have reported ongoing harassment by Kelleher Kelleher’s actions and their impact on our community I categorically deny any involvement in or knowledge of threats or incitement of violence against him,” concludes the text In a separate lawsuit against the town’s Conservation Commission Kelleher claims he resigned from both the commission and the Planning Board because of harassment by Chaffee and Holdcraft Kelleher subsequently filed a legal complaint tied to the lawsuit against the Conservation Commission that accused Chaffee of publicly mocking Kelleher’s speech during an April 17 Conservation Commission meeting Kelleher stated in the complaint that he told Chaffee during that meeting that he has a documented disability that affects his speech Kelleher relies on a service dog named Rosie for post-traumatic stress disorder and clinical depression that Past verbal and physical abuse by a stepmother and foster parents are the root of Kelleher's challenges Shouting matches captured on video have erupted in Town Hall between Kelleher and Holdcraft and police have been called in to quell the disturbances The drama stems from Kelleher’s account that he has repeatedly asked Holdcraft not to call out his dog’s name even though it unnerves the dog and impacts its ability to be a service companion a person purported to be Chaffee tells a police officer "At least I’m not walking around with a dog as a crutch.” A person off-camera is heard saying that Kelleher “lost it” when Chaffee insinuated his dog was not needed The video captures Chaffee telling the officer More legal actionKelleher subsequently filed a second legal complaint in connection with the lawsuit against the Conservation Commission requesting immediate emergency relief from continued harassment from town officials and naming Chaffee and Town Administrator Ronald Aponte That complaint also requested protection of surveillance footage that shows the FedEx delivery driver speaking with two men inside Town Hall including the one who allegedly made the $50 offer It also asked the court to acknowledge a dangerous and escalating campaign of retaliation including the solicitation of a criminal assault against Kelleher noting the ongoing police investigation into Kelleher's claim that a town official wants to harm him He said he’s spoken with Blanchard and the investigation should wrap up fairly quickly Aponte also said Chaffee has spoken with Brookfield police and is aware of the investigation When asked if the investigation impacts Chaffee’s duties on the Select Board Aponte said he's unaware of any restrictions placed on Chaffee's official duties Another concern expressed in Kelleher's emails to the town’s lawyers and members of the Select Board and Board of Health is a claim of deliberate action by town officials to silence his remote participation in local meetings especially those held by the Board of Health that mute his microphone Kelleher claims these actions are a violation of federal and state civil rights laws and statutes to protect disability rights Kelleher threatened to pursue lawsuits against individual town officials if his access to meetings isn’t corrected If you underestimate my resolve on this matter you do so at your own personal peril,” reads Kelleher’s email among others that are part of Kelleher’s ongoing lawsuits and the courts will decide what is appropriate and what is required," said Aponte Claim: ongoing harassmentIn her complaint to the court Campbell claimed the harassment started in October with emails from Kelleher that called her a liar and demanded that officials investigate her his comments in emails to others about me and the treatment he is receiving is concerning,” reads Campbell’s April 25 complaint to the court Campbell’s April 30 affidavit called the court’s attention to a flyer that Kelleher sent to every home in Brookfield "Is Sarah Campbell Ready To Lead Brookfield?" It was distributed ahead of the May 6 annual town election in which Campbell is running for an open Select Board seat It also advertises a YouTube link that includes videos of Campbell and other town officials during public meetings Campbell claims Kelleher had a “First Amendment auditor” videotape the meetings Campbell claims the person harassed town officials and employees and was directed by Kelleher to post the videos online Kelleher counters that he didn't order the videos whose YouTube channel says "we hold everyone in our government accountable under our first amendment rights to free Press." Kelleher said he interviewed Press NH Now after the videos were recorded as part of his reporting for a local newspaper that he started called The Brookfield Examiner He feels Board of Health members are seeking harassment orders because they don't like his Open Meeting Law complaints against the board The videos have instigated threatening emails to town officials and her affidavit expressed concern that the YouTube link on the flyer could lead to additional threats The temporary harassment order includes a May 9 court hearing and he asked the court to push it up to May 2 He filed an emergency motion to temporarily set aside the harassment order so he can exercise his First Amendment rights to engage in public political speech in the days leading up to Brookfield's elections Two Board of Health members have also sought no-harassment orders against Kelleher Chairwoman Maureen Lepak claimed Kelleher sent mailings to her home that contained harassing and defamatory statements “I feel like he inserts threats into the emails to make it look like legal threats but I am worried for my personal safety and I am in a state of fear," reads Lepak's request for an harassment order Board of Health member Kimberly Simons says she can’t sleep at night because Kelleher’s emails have caused her to suffer extreme distress and alarm Contact Henry Schwan at henry.schwan@telegram.com. Follow him on X: @henrytelegram Brookfield Asset Management (BAM -1.50%) has an $88 billion market cap But the asset manager has an over 100-year history of successfully investing on behalf of itself and its clients That kinda success tends to attract investors who want to get in on what Brookfield is doing the stock is currently trading down about 12% from its recent highs working its way back from a decline of more than 25% and is it a buy after the partial recovery Brookfield Asset Management manages money for other people (and for itself). It makes money by charging clients fees for the services it provides. At the end of 2024, the asset manager had over $1 trillion in assets under management and roughly $500 billion or so of fee-bearing capital Brookfield Asset Management generated $2.5 billion in fees The company's investment profile spans five areas: renewable power with the smallest of these businesses being renewable power with roughly $125 billion in assets under management In addition, Brookfield Asset Management also has notable access to capital. It breaks down its capital sources into four groups: institutional investors The first two categories are basically large financial entities Private wealth is really a way to say rich customers is composed of a collection of controlled businesses that trade on public exchanges and represent permanent capital All in, Brookfield Asset Management is a well-diversified business with a well-diversified customer base. Now add in an attractive dividend yield of 3.3% which is well above the market's average 1.3% yield and the average finance company's yield of 1.4% This is a pretty compelling investment story the description of Brookfield Asset Management has focused on what it is today which is a logical starting point for any investment conversation But the really interesting story here is about what this asset manager plans to become in the near future Brookfield Asset Management ended 2024 with roughly $500 billion in fee-generating assets it expects to double that figure to around $1 trillion Each and every business is expected to expand materially over that period In early 2025, Brookfield Asset Management announced a huge 15% dividend increase. That's five times the historical rate of inflation growth It was a very large increase by any measure But that was based on the company's 2024 results management is calling for annual dividend growth of 15% through to 2029 So, this isn't just a growth opportunity for investors. It is a growth and income opportunity. And that should be very attractive to dividend investors across a broad spectrum highlighting again that the stock currently has an above-peer dividend Brookfield Asset Management's business is going to ebb and flow along with the market to some degree That goes some way to explaining why the stock price is down a bit right now given that it is focused on areas that are more long-term in nature (infrastructure) it should have a sticky base of assets under management If you can handle the inherent volatility of an asset manager the relatively high yield and dividend growth plans here will likely make for a very enticing buying opportunity for long-term investors Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy Listen to an audio version of Brookfield Asset Management’s Fourth Quarter 2024 Letter to Shareholders to learn about the firm’s progress across renewable power & transition Please enable JS and disable any ad blocker TrendingLos AngelesAUnderwater no more: Carolwood in escrow to buy EY Plaza for $130MBrookfield’s lenders opted to sell the 41-story office tower saddled with $305M in debt Adam Rubin and Andrew Shanfeld’s Carolwood is in escrow to buy the 41-story EY Plaza for $130 million The 11-year-old firm, which invests in real estate, hot sauce and a YouTube influencer is set to close with landlord Brookfield Properties’ lenders to purchase the troubled downtown office tower at 725 South Figueroa Street in June according to multiple sources with knowledge of the deal and servicer commentary provided by Morningstar The deal leaves Toronto-based Brookfield underwater on $305 million worth of debt tied to EY Plaza The bulk of it comes from a $275 million commercial mortgage-backed securities refinance package Brookfield took out in September 2020 from Morgan Stanley and Wells Fargo That loan package has been in special servicing for two years and is set to mature in October after Brookfield received two extensions A $30 million mezzanine loan comprises the rest of the debt, as TRD previously reported The 920,000-square-foot office tower was placed in a receivership shortly after Brookfield fell behind on its debt payments in May 2023 with a judge appointing Trident Pacific’s Gregg Williams as the receiver and Colliers as the property manager Brookfield’s lenders won the court’s approval to put the property up for sale last November according to court documents and servicer commentary SIGN UPThe building was developed in 1985 and has served as an outpost to accounting giant Ernst & Young when it became its anchor tenant and gave the tower its current name Other tenants at the property include law firm Pillsbury Winthrop Shaw and the U.S the federal agency that manages the government’s real estate portfolio Rubin and Shanfeld declined to comment and a spokesperson for Brookfield did not immediately respond to a request for comment Eastdil Secured is brokering the deal for the lenders according to one of the sources with knowledge of the deal A spokesperson for the brokerage did not immediately respond to a request for comment “The current uncertainty and low valuations in public markets creates a number of opportunities, including carve outs, not only take privates,” Chief Executive Officer Connor Teskey told analysts on Friday. Read on for the main highlights of the call Brookfield Renewable Corporation’s recent earnings call exudes a positive sentiment Despite facing challenges such as tariffs and permitting delays the company remains well-positioned to leverage its global platform and seize market opportunities Brookfield Renewable Corporation reported a notable increase in its financial performance with Funds from Operations (FFO) per unit rising by 15% year-over-year contributing to an overall 7% increase compared to the previous year This solid performance underscores the company’s robust financial health and operational efficiency The company has made significant strides in expanding its renewable energy capacity approximately 800 megawatts were commissioned and there are plans to bring about 8 gigawatts online by 2025 This ambitious target represents a doubling of the commissioning rate from three years ago highlighting Brookfield’s commitment to growth in the renewable energy sector Brookfield has secured contracts for an additional 4,500 gigawatt hours per year of generation the company has progressed in delivering projects to Microsoft under a renewable energy framework agreement showcasing its ability to forge strategic partnerships and expand its commercial footprint The company has committed or deployed $4.6 billion in strategic acquisitions and investments including the privatization of Neoen and the acquisition of National Grid Renewables These moves are indicative of Brookfield’s proactive approach to expanding its portfolio and enhancing its market position Brookfield has successfully closed the sale of a stake in First Hydro and part of its India portfolio generating almost three times the invested capital and achieving 20% investment returns This capital recycling strategy underscores the company’s ability to optimize its asset base and generate significant returns The hydroelectric segment continues to benefit from favorable pricing with 6,000 gigawatt hours available for recontracting over the next five years This strong demand highlights the enduring value of Brookfield’s hydroelectric assets Ending the quarter with $4.5 billion of available liquidity Brookfield Renewable Corporation is well-equipped to pursue growth opportunities This strong financial position provides the company with the flexibility needed to navigate market challenges and invest in future growth The announcement of tariffs on goods has led to market volatility raising concerns over development project returns and the pace of development This challenge underscores the importance of strategic planning in navigating external economic factors Federal permitting delays for projects on private lands due to executive orders have impacted Brookfield’s development pipeline These delays highlight the regulatory challenges that can affect project timelines and execution Brookfield Renewable Corporation’s forward-looking guidance is optimistic The company anticipates a 15% increase in funds from operations per unit and plans to bring approximately 8 gigawatts of renewable energy online in 2025 Brookfield is well-positioned to pursue growth and deliver long-term returns of 12% to 15% to investors Brookfield Renewable Corporation’s earnings call reflects a positive outlook the company is poised to capitalize on market opportunities and deliver sustained value to its investors Disclaimer & Disclosure Report an Issue Brookfield Renewable Corporation ((BEPC)) has held its Q1 earnings call Disclaimer & Disclosure Report an Issue please upgrade to one of the latest browsers 17 April 2025: Barclays (LSE: BARC) and Brookfield Asset Management Ltd through its Financial Infrastructure strategy today announce a long-term strategic partnership (the “Partnership”) to grow and transform Barclays’ payment acceptance business (the “Business”) previously referred to as its merchant acquiring business Barclays and Brookfield will work to create a standalone entity over time Barclays has extensive client relationships and experience of UK payments which in an environment of continuous innovation will benefit from Brookfield’s global private equity expertise in payments operational transformation and corporate carve-outs to ensure that the Business is strategically positioned for long-term growth The Business provides critical infrastructure to the UK economy processing billions of pounds of payments annually for small businesses and domestic and international corporate clients The Partnership will drive business growth by broadening the range of services offered and enhancing the experience for both existing and prospective clients the Partnership is intended to support meaningfully improved financial performance of the Business Barclays plans to invest approximately £400 million in the Business the majority of which will occur during the first three years of the Partnership Brookfield will provide expertise to support this transformation and will be entitled to a financial incentive This drives alignment between the partners and reflects Brookfield’s future commitment and contribution to the transformation The Partnership provides Barclays with a well-defined path to realising value from the Business over time Brookfield may acquire an approximately 70 percent ownership interest in the Business (the “Sale”) at a market value to be determined at the time and subject to certain pre-agreed conditions including the full recovery by Barclays of its investment supporting the transformation will convert into an additional ten percent shareholding in the Business resulting in a total Brookfield shareholding of approximately 80 percent Barclays strongly believes in the long-term prospects of the Business and expects to retain an ownership interest of approximately 20 percent The Business will continue to use the “Barclaycard Payments” brand and will be the sole payment acceptance services provider to Barclays’ clients for a minimum of ten years The Partnership and related investment are not expected to have any material impact on Barclays’ current financial guidance or targets This marks the first transaction for Brookfield Financial Infrastructure Partners (“BFIP”) a dedicated strategy part of Brookfield’s private equity business focused on investing in digital assets that enable the movement of money and form the backbone of the world’s financial economy Brookfield has significant expertise in financial infrastructure having deployed over $5 billion in transactions which include a partnership with First Abu Dhabi Bank on the carve-out of Magnati payments and the take-private of Network International the leading Middle East merchant acquiring business Barclays UK Corporate Bank said: “Finding a partner to support us in transforming our payment acceptance business in a way that will enable us both to serve our clients’ interests better and pursue a path to releasing value from the business demonstrates clear execution of our three-year plan to become a simpler but we know that our payments clients are increasingly looking for integrated connectivity an end-to-end service and tailored technological solutions from their payments providers Our partnership with Brookfield recognises the opportunity within our business to go beyond the foundations we have built to date.” Vice Chair and Head of Financial Infrastructure Brookfield said: “Payments systems need to adopt a digital-first and data-led approach to provide world-class solutions to clients We’re excited to draw on our deep global payments expertise to partner with Barclays and together deliver the operational transformation required to create the market leader well-positioned to drive the growth of the UK’s digital economy with innovative and integrated payment solutions.” Our vision is to be the UK-centred leader in global finance We are a diversified bank with comprehensive UK consumer corporate and wealth and private banking franchises we are working together for a better financial future for our customers TSX: BAM) is a leading global alternative asset manager with over $1 trillion of assets under management across renewable power and transition We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy We offer a range of alternative investment products to investors around the world — including public and private pension plans insurance companies and private wealth investors We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients which manages over $140 billion of assets under management focuses on driving operational transformation in companies providing essential products and services For more information, please visit BAM’s website at www.bam.brookfield.com  Here is a breakdown of the information Brookfield Renewable Corporation presented to its investors Brookfield Renewable Corporation is a leading global platform for renewable power and sustainable solutions operating a diverse portfolio of hydroelectric The company is a subsidiary of Brookfield Asset Management Brookfield Renewable reported strong first-quarter results showcasing record Funds From Operations (FFO) of $315 million The company highlighted its strategic acquisitions including National Grid Renewables and the privatization of Neoen Key financial metrics included a net loss attributable to unitholders of $197 million primarily due to non-cash depreciation and acquisition-related expenses the company’s liquidity remains robust and it has been actively recycling assets and repurchasing units to optimize capital use The company is well-positioned to capitalize on current market conditions with a diversified and contracted portfolio that generates inflation-linked cash flows Management remains optimistic about continuing to grow its platform and maintain its leadership in the renewable energy sector Brookfield Renewable aims to leverage its strong balance sheet and strategic positioning to pursue further growth opportunities while continuing to deliver sustainable returns to its shareholders Brookfield Renewable Corporation ( (BEPC) ) has released its Q1 earnings Brookfield Asset Management (BAM -1.50%) has grown into one of the world's largest alternative asset managers It has over $1 trillion in assets under management (AUM) across renewable power and transition The company sees significant growth ahead over the next several years Here's a look at where it will be five years from now Investors have been steadily shifting more of their portfolios into alternative investments over the years. In 2002, the global alternative market was about $2 trillion, or about 5% of the $40 trillion in global investment AUM and there's an estimated $25 trillion in alternatives AUM which is 15% of the more than $150 trillion global investment market Forecasters see that number rising to $60 trillion by 2032 or about 20% of the anticipated $300 trillion global investment market by AUM Several factors are leading investors to allocate more of their portfolios to alternative investments Given the growth ahead for alternatives and its leadership in the space Brookfield Asset Management expects to double its AUM over the next five years to $2 trillion That positions the company to generate rapidly rising fee-based income as it deploys the capital it has raised from investors into fee-bearing assets about $539 billion of its AUM is fee-bearing capital that number should rise to over $1.1 trillion That has big implications for Brookfield's bottom line The company expects its fee-related earnings per share to grow at a 17% compound annual rate during that period Given its plan to return 95% of its profits to investors through dividends Brookfield's plan supports at least 15% yearly dividend growth during that period Brookfield Asset Management has built a $1 trillion business over the past quarter century, primarily relying on institutional investors and the public markets to grow its sources of capital The company sees more growth ahead from those capital sources over the next five years four new sources of capital represent tremendous growth potential for the company: The company has entered into several new strategic partnerships in recent years it recently bought a majority stake in Angel Oak a leading asset manager delivering innovative mortgage and consumer products The deal aligns with Brookfield's strategy of partnering with best-in-class credit managers It also completed a strategic partnership with Castlelake last year buying a 51% interest in the global alternative investment manager specializing in asset-based credit solutions Brookfield has also launched several investment products geared toward the private wealth market. It raised nearly $700 million for its private wealth infrastructure fund during the fourth quarter and deployed over $900 million from its credit private wealth fund in the period. Brookfield also manages a non-traded REIT These new initiatives will help drive additional AUM and earnings growth while further diversifying Brookfield's businesses They'll turn the company into an even bigger global powerhouse in the alternatives space in five years Brookfield Asset Management expects to double its AUM in five years by capitalizing on the growth of its existing and emerging capital sources That positions the company to deliver robust earnings and dividend growth in the coming years Add that to its already attractive payout level (3.3% recent yield) and Brookfield Asset Management could generate significant total returns for investors over the next five years Matt DiLallo has positions in Brookfield Asset Management. The Motley Fool has positions in and recommends Brookfield Asset Management. The Motley Fool has a disclosure policy