Financing ·
Brookfield creates two new series of Class A Preference Shares with $200M total authorized
BRCFFBROOKFIELD Corp
Brookfield Corporation filed Articles of Amendment to create the fifty-sixth and fifty-seventh series of Cumulative Class A Preference Shares, authorizing 8,000,000 shares for each series at a $25.00 consideration per share. The Series 56 shares carry an initial fixed dividend rate of 5.65% with quarterly payments starting March 31, 2027, while the Series 57 shares feature floating quarterly dividends based on Government of Canada T-Bill rates plus a spread. Both series are redeemable at $25.00 per share beginning December 31, 2031 and include conversion rights allowing holders to exchange shares between the two series on specific dates. The company operates in asset management, providing investment solutions across renewable infrastructure, real estate, private equity, and credit.