On November 13, 2025, Brookfield Asset Management Ltd. (BAM) announced that it is offering US$1 billion in senior unsecured notes, consisting of US$600 million of 4.653% notes due November 15, 2030, and US$400 million of 5.298% notes due January 15, 2036 (total offering is approximately C$1.38 billion, with the 2030 notes valued at about C$828 million and the 2036 notes at about C$552 million). Net proceeds, after underwriting fees and estimated expenses, are expected to be approximately US$992.7 million (C$1.37 billion), to be used for general corporate purposes. The notes will not be listed on any securities exchange and have no established trading market, which may affect liquidity and pricing. Joint book-running managers are Citigroup Global Markets Inc., Wells Fargo Securities, LLC, BNP Paribas Securities Corp., and Mizuho Securities USA LLC. The syndicate also includes BMO Capital Markets Corp., Brookfield Securities LLC, CIBC World Markets Corp., Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and TD Securities (USA) LLC.

Legal counsel for BAM is Torys LLP, while Skadden, Arps, Slate, Meagher & Flom LLP and Goodmans LLP advise the underwriters. Delivery of the notes is expected on or about November 18, 2025.