Recent Updates — BRCFF

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 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.