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Brookfield Asset Management Announces Results of Annual Meeting of Shareholders

1. BAM's board nominees were unanimously elected at the annual meeting. 2. Class A and B shareholders showed strong support with high approval rates. 3. BAM manages over $1 trillion in assets across various sectors. 4. Focus on long-term investments in essential service businesses emphasized. 5. Electing all nominees reflects strong shareholder confidence in BAM's leadership.

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Why Bullish?

The unanimous election of directors often signals strong shareholder confidence, leading to potential market optimism. Previous instances of similar board election outcomes in large firms have typically resulted in positive stock performance.

How important is it?

The article highlights essential corporate governance changes, which are crucial for investor perception of BAM's future.

Why Short Term?

The immediate positive sentiment from the annual meeting could boost BAM's stock in the short run, as investors react to leadership stability.

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May 05, 2025 17:15 ET  | Source: Brookfield Asset Management Ltd NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) --  Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced that all 12 nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and Class B Limited Voting Shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on May 5, 2025 in New York, NY, with the option to attend virtually. Detailed results of the vote for the election of directors are set out below. Management received the following proxies from holders of each of the Class A Shares and Class B Shares in regard to the election of the 12 directors nominated: Director Nominee        Votes For %Votes Withheld %Barry Blattman1,469,065,90698.0629,116,6431.94Angela F. Braly1,497,842,98499.98339,5650.02Marcel R. Coutu1,493,075,70099.665,106,8490.34Scott Cutler1,497,385,56199.95796,9880.05Bruce Flatt1,483,290,87699.0114,891,6730.99Oliva (Liv) Garfield1,470,059,79898.1228,122,7511.88Nili Gilbert1,492,194,90899.605,987,6410.40Keith Johnson1,497,481,33199.95701,2180.05Brian W. Kingston1,468,891,52498.0429,291,0251.96Cyrus Madon1,466,656,17997.9031,526,3702.10Diana Noble1,492,236,61499.605,945,9350.40William Powell1,469,081,07098.0629,101,4791.94 A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca. About Brookfield Asset Management Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at bam.brookfield.com or contact: Media:Simon MaineTel: +44 739 890 9278Email: simon.maine@brookfield.com Investor Relations: Jason FooksTel: (866) 989-0311Email: jason.fooks@brookfield.com

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