15/08/2025 - Brookfield Corporation: Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares (Form 6-K)

Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares

BROOKFIELD, News, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) today announced that the Toronto Stock Exchange ("TSX") has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units ("Units") and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares ("Exchangeable Shares"). Brookfield Business Partners believes that the Units or the Exchangeable Shares may from time to time trade in a price range that does not fully reflect their value and that, in such circumstances, the acquisition of Units or Exchangeable Shares, as applicable, may represent an attractive use of available funds.

At the close of business on August 8, 2025, there were 88,828,512 Units and 69,996,738 Exchangeable Shares issued and outstanding. Brookfield Business Partners is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing up to 5% of the issued and outstanding Units and Exchangeable Shares, respectively, at the close of business on August 8, 2025. Under Brookfield Business Partners' normal course issuer bids, it may purchase up to 10,076 Units and 11,100 Exchangeable Shares, respectively, on the TSX during any trading day, which represent 25% of the average daily trading volume of 40,306 Units and 44,400 Exchangeable Shares, respectively, on the TSX for the six months ended July 31, 2025.

Purchases under each normal course issuer bid are authorized to commence on August 19, 2025 and will terminate on August 18, 2026, or earlier should Brookfield Business Partners L.P. or Brookfield Business Corporation complete its authorized purchases under each respective normal course issuer bid prior to such date.

Under Brookfield Business Partners L.P.'s normal course issuer bid that commenced on August 19, 2024 and will expire on August 18, 2025, Brookfield Business Partners L.P. previously sought and received approval from the TSX to purchase up to 3,714,088 Units. As of August 8, 2025, Brookfield Business Partners and its affiliates purchased a total of 3,611,689 Units under its previous normal course issuer bid through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems in Canada and the United States at a weighted average price paid per Unit of US$22.54.

Under Brookfield Business Corporation's normal course issuer bid that commenced on August 19, 2024 and will expire on August 18, 2025, Brookfield Business Corporation previously sought and received approval from the TSX to repurchase up to 3,647,722 Exchangeable Shares. As of August 8, 2025, Brookfield Business Corporation purchased a total of 2,957,523 Exchangeable Shares under its previous normal course issuer bid through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems in Canada and the United States at a weighted average price paid per Exchangeable Share of US$25.93.

Purchases of Units and Exchangeable Shares will be made through the facilities of the TSX, the New York Stock Exchange and/or alternative trading systems. All Units and Exchangeable Shares purchased by Brookfield Business Partners L.P. and Brookfield Business Corporation under the applicable normal course issuer bids will be cancelled. Purchases will be subject to compliance with applicable United States federal securities laws, including Rule 10b-18 under the United States Securities Exchange Act of 1934, as amended, as well as applicable Canadian securities laws.

Brookfield Business Partners has entered into automatic repurchase plans, which have been pre-cleared by the TSX, to allow for the purchase of Units or Exchangeable Shares, as applicable, subject to certain trading parameters, at times when Brookfield Business Partners would ordinarily not be active in the market due to its own internal trading black-out periods, insider trading rules or otherwise. Outside of these periods, Units and Exchangeable Shares will be purchased in accordance with management's discretion and in compliance with applicable law. The actual number of Units and Exchangeable Shares purchased under the automatic plans, the timing of such purchases and the price at which Units and Exchangeable Shares are purchased will depend upon future market conditions.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

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Brookfield Business Partners LP published this content on August 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 15, 2025 at 10:46 UTC.