“Brookfield Asset Management has secured approval to renew its normal course issuer bid, enabling the repurchase of up to 36.9 million Class A shares—representing 10% of its public float—over the coming year, as part of its strategy to optimize capital allocation when market conditions present opportunities.”
Brookfield Asset Management’s NCIB Renewal: Key Details and Implications
Brookfield Asset Management, a leading global alternative asset manager, has renewed its normal course issuer bid (NCIB), providing the firm with the flexibility to repurchase its own shares in the open market. This move underscores the company’s confidence in its intrinsic value and its commitment to delivering shareholder returns through disciplined capital management.
The renewed NCIB authorizes Brookfield Asset Management to buy back up to 36,946,177 Class A Limited Voting Shares, which equates to approximately 10% of the public float as of the end of 2025. Purchases will occur through major exchanges, including the New York Stock Exchange (NYSE: BAM) and the Toronto Stock Exchange (TSX: BAM), as well as alternative trading systems. The program is set to run for a full year, with repurchases priced at prevailing market rates or other permissible levels.
As of the latest reported figures, Brookfield Asset Management had 1,637,941,906 Class A shares issued and outstanding, with a public float of 369,461,770 shares. To maintain orderly trading, daily purchase limits on the TSX are capped at 365,499 shares, representing 25% of the average daily trading volume over the prior six-month period.
This renewal follows the previous NCIB, under which the company was approved to repurchase up to 37,123,295 shares. During that program, Brookfield Asset Management acquired 6,548,561 shares at an average price of $54.14 per share, with transactions split between the TSX and NYSE. The repurchased shares were either canceled or allocated to a non-independent trustee for use in the firm’s long-term incentive plans.
Strategic Rationale Behind the Buyback
Company leadership views the NCIB as a tool to capitalize on periods when the market price of Class A shares does not fully capture the underlying value of Brookfield’s diverse portfolio, which spans real estate, infrastructure, renewable power, and private equity. By repurchasing shares, the firm aims to enhance earnings per share, improve return on equity, and signal strong belief in its growth trajectory.
In addition, Brookfield Asset Management has implemented an automatic purchase plan to facilitate buys during internal blackout periods or when insider trading restrictions apply. This ensures continuity in the program while adhering to regulatory requirements, with management retaining discretion over repurchases outside those windows.
Market Context and Share Performance
With assets under management exceeding $1 trillion, Brookfield Asset Management continues to benefit from robust fundraising and deployment in high-growth sectors like data centers and clean energy transitions. The firm’s shares are currently trading around $52.58 on the NYSE, reflecting a modest decline in recent sessions amid broader market volatility. Analysts maintain a consensus price target of approximately $63.38, suggesting potential upside based on projected fee-related earnings growth and portfolio realizations.
Investor Considerations
| Key NCIB Metrics | Details |
|---|---|
| Maximum Shares Authorized | 36,946,177 (10% of public float) |
| Program Duration | One year |
| Daily TSX Limit | 365,499 shares |
| Previous Program Purchases | 6,548,561 shares at avg. $54.14 |
| Total Issued Shares | 1,637,941,906 |
| Public Float | 369,461,770 |
For U.S. investors, this buyback program could provide indirect exposure to Brookfield’s global operations while potentially supporting share price stability. The firm’s diversified revenue streams—predominantly from stable, long-term assets—position it well against economic headwinds, though risks such as interest rate fluctuations and geopolitical tensions remain factors to monitor.
The renewal aligns with broader trends among asset managers using buybacks to return capital efficiently, especially as private markets continue to attract institutional inflows.
Disclaimer: This news report is for informational purposes only and does not constitute investment advice, financial tips, or recommendations. Sources are based on public disclosures.
