Recent Updates — BN
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.
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.
Brookfield Corporation will announce its third quarter 2026 financial results on Thursday, November 12, 2026, with the press release expected around 7:00 a.m. ET. The company will host a conference call and webcast at 10:00 a.m. ET to discuss the findings. Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals through its Asset Management, Wealth Solutions, and Operating Businesses segments in infrastructure, energy, private equity, and real estate.
Brookfield Finance Inc., a subsidiary of Brookfield Corporation, issued $600 million in aggregate principal amount of 5.650% Notes due September 23, 2031. The notes bear interest semi-annually on March 23 and September 23, commencing March 23, 2027. Brookfield Corporation acts as a guarantor for the debt obligations. The indenture includes standard covenants, change of control repurchase provisions at 101% of principal plus accrued interest, and redemption options. This filing establishes the terms for this specific tranche of senior unsecured debt.
Brookfield Finance Inc., a subsidiary of Brookfield Corporation, issued US$600 million in 5.650% Senior Unsecured Notes due September 23, 2031. The notes were priced at 99.966%, yielding 5.658%, with settlement expected on September 23, 2026. Brookfield Corporation provides a full and unconditional guarantee for the debt. Proceeds are designated for general corporate purposes. This transaction represents significant new financing activity for the company.