Brookfield Asset Management

Money Moves

Bidder proposing to take Reliance Worldwide private

Reliance Worldwide's board is still telling shareholders to take Brookfield's US$3.38-a-share cash offer after a month-long search for a rival turned up nothing. Executives repeated that view at the company's annual general meeting in October, and the shareholder vote is set for early to mid-December.

Updated Oct 23

Rule Changes

As of May 2026: Primary creditor in PosiGen bankruptcy; provided $600M investment since 2023

The 30% federal residential solar tax credit died at midnight on December 31, 2025. For twenty years, Section 25D let homeowners slash $9,000 off a typical $30,000 solar installation.

Updated May 19