08:26 AM EST, 01/09/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) said Thursday that it secured approval to renew its normal course issuer bid (NCIB) to buy back 10% of its public float of outstanding class A shares.

Under the NCIB, the company can purchase up to 37,123,295 class A limited voting shares from Jan. 13 to Jan. 12, 2026.

All class A shares acquired under the NCIB will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of its long-term incentive plans.

Brookfield Asset's share price rose 3.3% on Wednesday to $80.08 on the TSX.