SUBSEQUENT EVENTS |
3 Months Ended |
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Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Preferred Unit Distributions A distribution of $0.414063 per Series A preferred unit will be paid on June 15, 2026 to Series A preferred unitholders of record at the close of business on June 1, 2026. A distribution of $0.409375 per Series B preferred unit will be paid on June 15, 2026 to Series B preferred unitholders of record at the close of business on June 1, 2026. Oaktree/Brookfield Transaction On April 14, 2026, the Company entered into a Transaction Agreement (the “Transaction Agreement”) by and among Oaktree, BAM, Brookfield and the other parties thereto, pursuant to which all of the outstanding equity interests in the Oaktree business will be acquired in exchange for the applicable consideration payable therefor, which may include cash, BAM shares, Brookfield shares, limited partnership interests in a private partnership, and/or BAM restricted stock units (RSUs) (or a combination thereof) (the “Transactions”). The Transactions are expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions. The terms of the Transactions will not affect the terms of the outstanding 6.625% Series A preferred units and 6.550% Series B preferred units of BOH. See Item 1.01 of the Company’s Current Report on Form 8-K filed with the SEC on April 20, 2026 for more information about the Transactions. Distribution of NTR Interests On April 20, 2026, the Company entered into a distribution agreement (the “Distribution Agreement”) with BOHCI. Pursuant to the Distribution Agreement, BOH distributed to BOHCI 100 Common Shares of NTR (the “Distributed Shares”) representing 100% of BOH’s equity interests in NTR, through a distribution in kind in respect of the Class A common units of BOH, on the terms and conditions contained in the Distribution Agreement. The distribution of the Distributed Shares was completed on April 20, 2026. See Item 1.01 of the Company’s Current Report on Form 8-K filed with the SEC on April 27, 2026 for more information about the Distribution Agreement.
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