$BN

Brookfield Corporation (BN) has closed its Oaktree Asset-Backed Finance Fund I, raising $2B in commitments, meeting its target. This expands Brookfield's asset-backed finance capabilities, part of a multi-year private credit growth strategy.

Brookfield and Oaktree closed the Oaktree Asset-Backed Finance Fund (ABF I) at $2 billion, meeting its target. The fund attracted institutional investors and focuses on asset-backed finance across various sectors. ABF I leverages Brookfield's global scale and Oaktree's experience, building on their partnership since 2019. Brookfield's asset-based finance platform totals over $60 billion.

Argus lowered its price target for Brookfield Corporation (BN) to $41.00. BN is an investment firm focused on long-term wealth building for institutions and individuals.

Brookfield Corporation (NYSE: BN, TSX: BN) priced a $600 million offering of senior notes due 2031, bearing a 5.650% annual interest rate. The notes, guaranteed by Brookfield, are expected to close on September 23, 2026, and proceeds will be used for general corporate purposes.

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).

Brookfield has agreed to acquire Reliance Worldwide Corporation (ASX: RWC) for US$3.38 per share, valuing the company at approximately US$2.8 billion. Reliance's board has unanimously recommended the all-cash proposal to shareholders. The transaction is expected to close in Q1 2027, subject to approvals. Brookfield aims to support Reliance's growth as a global leader in plumbing products.

Analysts updated ratings and price targets for Canadian companies. Aya Gold & Silver (AYA:CA) saw a target raise to $56.00. Banyan Gold (BYN:CA) initiated with a $3.00 target. D2L (DTOL:CA) was downgraded to Neutral. Empire Company (EMP.A:CA) had mixed target adjustments. Groupe Dynamite (GRGD:CA) received varied target changes. Transat A.T. (TRZ:CA) saw multiple target cuts.

The UK Nuclear Liabilities Fund (NLF) selected Brookfield to manage a $1bn multi-asset investment mandate. Brookfield's Investment Solutions Group will construct a global portfolio across infrastructure, energy, private equity, real estate, and private credit. The mandate aims to support NLF's long-term decommissioning costs for eight UK nuclear power stations, with a focus on capital growth and compounding returns.

Brookfield Corp (NYSE: BN, TSX: BN) plans to redeem its Class A Preference Shares, Series 51 (TSX: BN.PF.K) at $22.44 each and Series 52 (TSX: BN.PF.L) at $22.00 each on November 1, 2026. Series 52 holders will also receive a final quarterly dividend of $0.151250 per share on October 30, 2026.

Brookfield (BN) reported a 15% year-over-year increase in distributable earnings to $1.4B in Q2. The company is investing in AI and nuclear power, including a $100B Kentucky data center project and a $17.5B nuclear reactor deal. Fundraising hit a record $77B, and fee-related earnings rose 20%. However, risks include geopolitical conflicts, higher energy prices, and integration challenges with the Just Group acquisition. The dividend was $0.07 per share, and the company spent $580M on buybacks. W