10 Cheap Stocks to Buy For the Next 10 Years

8. Brookfield Corporation (NYSE:BN)

Number of Hedge Fund Holders: 46

Brookfield Corporation (NYSE:BN) is one of the cheap stocks to buy for the next 10 years. On April 16, Brookfield Corporation announced the pricing of two debt offerings totaling C$750 million. This includes C$500 million in medium-term notes due in 2036 with an annual interest rate of 4.803%. Additionally, the company is re-opening its 5.399% medium-term notes due in 2055 for an additional C$250 million, bringing the total aggregate principal for that series to C$900 million.

The 2055 notes are being issued at 99.495% of their face value, resulting in an effective yield of 5.433% if held to maturity. These offerings have been assigned investment-grade credit ratings, including A- from Standard & Poor’s and A3 from Moody’s. The notes are being managed by a syndicate of major Canadian financial institutions, including CIBC, BMO, and RBC Capital Markets.

Net proceeds from the sale of these notes are intended for general corporate purposes. This move aligns with Brookfield Corporation’s (NYSE:BN) strategy of maintaining a conservatively managed balance sheet while supporting its core businesses in asset management, wealth solutions, and global operating infrastructure.

Brookfield Corporation (NYSE:BN) is a multi-asset manager investing across real estate, credit, renewable power, infrastructure, venture capital, and private equity.