Brookfield Asset Management Ltd. (TSX:BAM) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 31,785,036 class A limited voting shares, representing 7.71% of its issued share capital. The repurchased shares will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of the company's long-term incentive plans.

The bid will expire on January 10, 2024, or an earlier date should the company complete its purchases. As at December 28, 2022, the company had 412,201,980 issued and outstanding class A shares.