Brookfield Corporation Announces Renewal of Normal Course Issuer Bid for Preferred Shares
BROOKFIELD, NEWS, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) ("Brookfield" or "the Company") today announced it has received approval from the Toronto Stock Exchange ("TSX") for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the Company's outstanding Class A Preference Shares that are listed on the TSX (the "Preferred Shares"). Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 22, 2025 to August 21, 2026, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased or such other price as may be permitted. All Preferred Shares acquired by Brookfield under this bid will be cancelled.
Under the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the Preferred Shares as follows:
|
Series |
Ticker |
Issued and outstanding shares1 |
Public float |
Average daily trading volume2 |
Maximum number of shares subject to purchase3 | |
| Total Daily | ||||||
| Series 2 | BN.PR.B | 10,220,175 | 10,220,175 | 6,871 | 1,022,017 | 1,717 |
| Series 4 | BN.PR.C | 3,983,910 | 3,983,910 | 1,869 | 398,391 | 1,000 |
| Series 13 | BN.PR.K | 8,792,596 | 8,792,596 | 5,361 | 879,259 | 1,340 |
| Series 17 | BN.PR.M | 7,840,204 | 7,840,204 | 2,724 | 784,020 | 1,000 |
| Series 18 | BN.PR.N | 7,681,088 | 7,681,088 | 3,698 | 768,108 | 1,000 |
| Series 24 | BN.PR.R | 10,808,027 | 10,808,027 | 11,864 | 1,080,802 | 2,966 |
| Series 26 | BN.PR.T | 9,770,928 | 9,770,928 | 10,123 | 977,092 | 2,530 |
| Series 28 | BN.PR.X | 9,233,927 | 9,233,927 | 13,559 | 923,392 | 3,389 |
| Series 30 | BN.PR.Z | 9,787,090 | 9,787,090 | 5,960 | 978,709 | 1,490 |
| Series 32 | BN.PF.A | 11,750,299 | 11,750,299 | 9,481 | 1,175,029 | 2,370 |
| Series 34 | BN.PF.B | 9,876,735 | 9,876,735 | 10,987 | 987,673 | 2,746 |
| Series 36 | BN.PF.C | 7,842,909 | 7,842,909 | 2,976 | 784,290 | 1,000 |
| Series 37 | BN.PF.D | 7,830,091 | 7,830,091 | 3,402 | 783,009 | 1,000 |
| Series 38 | BN.PF.E | 7,906,132 | 7,906,132 | 6,217 | 790,613 | 1,554 |
| Series 40 | BN.PF.F | 11,841,025 | 11,841,025 | 8,057 | 1,184,102 | 2,014 |
| Series 42 | BN.PF.G | 11,887,500 | 11,887,500 | 23,404 | 1,188,750 | 5,851 |
| Series 44 | BN.PF.H | 9,831,929 | 9,831,929 | 5,624 | 983,192 | 1,406 |
| Series 46 | BN.PF.I | 11,740,797 | 11,740,797 | 6,506 | 1,174,079 | 1,626 |
| Series 48 | BN.PF.J | 11,885,972 | 11,885,972 | 5,623 | 1,188,597 | 1,405 |
| Series 51 | BN.PF.K | 3,320,486 | 3,320,486 | 2,462 | 332,048 | 1,000 |
| Series 52 | BN.PF.L | 1,177,580 | 1,177,580 | 1,718 | 117,758 | 1,000 |
As of August 19, 2025, under its current normal course issuer bid that commenced on August 22, 2024 and will expire on August 21, 2025, and which was approved by the TSX, Brookfield has not made any purchases of the Preferred Shares.
Brookfield believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase Preferred Shares should they be trading in price ranges that do not fully reflect their value.
Brookfield intends to enter into an automatic share purchase plan on or about the week of September 22, 2025 in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of Preferred Shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, the Preferred Shares will be repurchased in accordance with management's discretion and in compliance with applicable law.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please visit our website at www.bn.brookfield.com or contact:
|
Media Kerrie McHugh Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com |
Investor Relations Katie Battaglia Tel: (416) 359-8544 Email: katie.battaglia@brookfield.com |
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Brookfield Corporation published this content on August 20, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 20, 2025 at 10:46 UTC.
