Brookfield Corporation Receives Exemptive Relief from the Ontario Securities Commission

Core Viewpoint - Brookfield Corporation has received exemptive relief from the Ontario Securities Commission regarding the requirement for a formal valuation and minority shareholder approval for the corporate structure enhancement of Brookfield Asset Management Ltd [1] Group 1: Arrangement Details - The arrangement to enhance the corporate structure was jointly announced by Brookfield Corporation and Brookfield Asset Management Ltd on October 31, 2024 [1] - A material change report summarizing the terms of the arrangement and the results of a formal valuation prepared by KPMG LLP was filed on November 1, 2024 [2] Group 2: Company Overview - Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals, with three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses [3] - The company has a track record of delivering over 15% annualized returns to shareholders for over 30 years, supported by extensive operational experience and a conservatively managed balance sheet [4]