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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Stocks in play: Brookfield Asset Management Inc.

Baystreet.ca
·1 min read

Announced it has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to purchase up to 132,829,848 Class A Limited Voting Shares, representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange, and/or alternative trading systems. The period of the normal course issuer bid will extend from May 25, 2020 to May 24, 2021, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased or such other price as may be permitted. Brookfield Asset Management Inc. shares T.BAM.A are trading up $0.67 at $42.20.

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