Brookfield (BN) Stock News

BIP unitholders voted overwhelmingly in favor of the simplification. BIPC shareholders vote on Oct 29. Completion expected Q4 2026.

Morgan Stanley lowered its price target for Brookfield Renewable from $42.00 to $37.00.

Morgan Stanley lowered its price target for Brookfield Infrastructure from $50.00 to $48.00.

TD Cowen lowered its price target for Brookfield Business Services from $32.00 to $29.00.

Brookfield Renewable Partners (BEP) adjourned its special meeting on the proposed corporate simplification to October 29, 2026. Votes received to date show over 99.7% in favor, but the company needs two-thirds of outstanding units to proceed. The BEPC shareholder meeting remains on October 14. Completion is expected in Q4 2026, subject to approvals.

Fitch affirms Brookfield Asset Management at A with stable outlook.

Fitch affirmed Brookfield Renewable Partners' Long-Term IDR at 'BBB+' with Stable Outlook. The rating reflects BEP's large diversified portfolio, contracted cash flows, and disciplined growth strategy. Fitch expects holdco-only FFO leverage to stay near 4x.

Brookfield Office Properties said only 24,640 Series R preference shares were tendered for conversion, well below the one million minimum required. No Series R shares will convert to Series S shares. The Series R shares will instead pay a fixed quarterly dividend at 6.829% annual rate for the five-year period starting Oct 1, 2026.

CPP Investments and Brookfield have launched the Maple Fund, a C$50 billion vehicle to pursue large-scale investments across Canada. The fund targets infrastructure, real estate, and other long-term assets.