Brookfield poised to get $600M dividend in ABS transaction - report (BAM:NYSE)

Brookfield poised to get $600M dividend in ABS transaction - report (BAM:NYSE)

HomeServe, owned by Brookfield, explores a $1.8B asset-backed bond deal to refinance debt and fund a $600M dividend.

Brookfield targets $600m dividend from HomeServe in proposed asset-backed refinancing

Brookfield Asset Management is looking to extract a $600m dividend from HomeServe through a proposed $1.8bn whole-business securitisation, as the private markets investor explores another way to generate liquidity from its portfolio, according to a report by Bloomberg.