This financial company is expected to produce growth of more than 27% this year, and recently announced a 3-for-2 stock split.
Brookfield Asset Management Inc. (BAM)
From Forecasts & Strategies
In his State of the Union Address, President Trump emphasized the need to rebuild our infrastructure, a topic that drew applause from both sides of the aisle. That’s why we are investing in Brookfield Asset Management Inc. (BAM).
The company announced strong investor demand for its Brookfield Infrastructure Fund IV, with total equity commitments of $20 billion, exceeding the original fundraising target by 18%.
Sam Pollock, head of Brookfield’s Infrastructure Group, said, “The strong level of support we have received from investors reflects the growing global demand for infrastructure investments and their attractive characteristics. We have already deployed a meaningful amount of the fund into a number of high-quality investments and are pleased with the opportunities we continue to see across our target markets and sectors.”
BAM last month posted an outstanding 2019 report. CEO Bruce Flatt stated, “2019 was a successful year on many fronts. Fundraising was excellent with more than $30 billion raised during the year and now over $50 billion raised for this round of flagship funds. We invested over $30 billion into new opportunities during the year but continue to build liquidity, with approximately $65 billion of capital to deploy into investments globally.”
BAM also announced a three-for-two stock split in the form of a special dividend payable on April 1 to improve liquidity. It will not dilute shareholder equity.
Mark Skousen, Forecasts & Strategies, www.markskousen.com, Eagle Financial, 300 New Jersey Ave. NW, Suite 500, Washington, D.C. 20001, March 25, 2020