SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Brookfield Asset Management Ltd.

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(Name of Issuer)

Class A Limited Voting Shares

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(Title of Class of Securities)

113004105

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(CUSIP Numbers)

Swati Mandava
Brookfield Corporation, Brookfield Place, 181 Bay Street, Suite 100
Toronto, A6, M5J 2T3
416-363-9491

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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/01/2026

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(Date of Event Which Requires Filing of This Statement)

113004105

BROOKFIELD CORPORATION

OO

ONTARIO, CANADA

1,193,021,145.00

72.8 %

CO

113004105

BAM PARTNERS TRUST

OO

ONTARIO, CANADA

1,193,021,145.00

72.8 %

OO

Class A Limited Voting Shares

Brookfield Asset Management Ltd.

Brookfield Place, 250 Vesey Street, 15th Floor, New York, NEW YORK , 10281-0221.

Item 2 of the Schedule 13D is hereby amended and supplemented as follows: Schedule I hereto sets forth updated names of directors and executive officers of BN (to be included as Scheduled Persons) and their respective principal occupations, addresses, and citizenships. See Exhibit 99.6 - Schedule I

Item 4 of the Schedule 13D is hereby supplemented as follows: On April 2, 2026, BWS BAM Financing LP (the "Borrower"), as borrower, and certain subsidiaries of BNT, as guarantors, entered into a margin loan agreement with Royal Bank of Canada, as lender and administrative agent, and RBC Capital Markets LLC, as calculation agent, under which the Borrower intends to borrow US$1,000,000,000 (the "Credit Facility") and the Borrower has agreed to pledge 65,000,000 Class A Shares (the "Collateral Shares"). The Credit Facility matures on April 2, 2028. As is customary for this type of credit facility, upon the occurrence of certain events of default that remain unremedied and certain other specified events, the Borrower will be required to repay the amounts outstanding under the Credit Facility. The failure by the Borrower to make such repayment may result in the lenders exercising their rights and disposing of some or all of the Collateral Shares. Unless an event of default is continuing under the Credit Facility, all voting rights and rights to receive dividends and distributions with respect to the Collateral Shares remain with Borrower, subject to the terms of the Voting Agreement described in Amendment No. 1. The Collateral Shares represent less than 6% of the aggregate number of Class A Shares directly and indirectly held by BN and BNT and less than 4% of all the outstanding Class A Shares.

Item 5(a) of the Schedule 13D is hereby amended and restated as follows: (a) The aggregate number and percentage of Class A Shares held by the Reporting Persons to which this Schedule 13D relates is 1,193,021,145 Class A Shares (which includes 65,000,000 Class A Shares owned by BNT and subject to the Voting Agreement), constituting approximately 72.8% of the Issuer's currently outstanding Class A Shares. The percentage of Class A Shares is based on an aggregate number of Class A Shares of 1,638,131,687 Class A Shares outstanding as of March 31, 2026.

Item 5(b) of Schedule 13D is hereby amended and restated as follows: (b) The information set forth in Item 5(a) of Amendment No. 2 is hereby incorporated herein by reference.

Item 5(c) of Schedule 13D is hereby amended and restated as follows: (c) Except as described herein, there have been no transactions by the Reporting Persons in the Class A Shares during the past 60 days.

Item 6 of the Schedule 13D is hereby supplemented as follows: The information set forth in Item 4 of this Amendment No. 2 is hereby incorporated by reference.

Item 7 of the Schedule 13D is hereby amended and supplemented as follows: 99.6 Schedule I

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BROOKFIELD CORPORATION

BAM PARTNERS TRUST