Financing ·
Brookfield Corp agrees to issue C$150M of Class A Preference Shares Series 56
BAMGFBROOKFIELD Corp
Brookfield Corporation announced it has agreed to issue 6,000,000 Class A Preference Shares, Series 56 on a bought deal basis for aggregate gross proceeds of C$150 million. The shares will be priced at C$25.00 per share and carry a cumulative quarterly fixed dividend yielding 5.65% annually through December 31, 2031. An underwriters' option to purchase an additional 2,000,000 shares could increase the offering size to C$200 million. The transaction is expected to close around October 22, 2026, with net proceeds designated for general corporate purposes. Brookfield Corporation is a leading global investment firm focused on building long-term wealth through asset management, wealth solutions, and operating businesses in infrastructure, energy, private equity, and real estate.