Brookfield Announces Reset Dividend Rate on Its Series 42 Preference Shares

Core Viewpoint - Brookfield Corporation has announced the fixed dividend rate for its Cumulative Class A Preference Shares, Series 42, for the period from July 1, 2025, to June 30, 2030, at an annual rate of 5.658% [1][2]. Dividend Details - The fixed quarterly dividends on the Series 42 Shares will be $0.353625 per share per quarter [2]. - Holders of Series 42 Shares can convert their shares into Series 43 Shares at a rate of one-for-one by June 16, 2025 [3]. - The quarterly floating rate dividends for Series 43 Shares will be calculated at 2.84% over the annual yield on three-month Government of Canada treasury bills, with an initial quarterly dividend rate of 1.38227% for the July to September 2025 period [3]. Conversion Conditions - If fewer than 1,000,000 Series 42 Shares remain outstanding after June 30, 2025, all remaining Series 42 Shares will convert to Series 43 Shares automatically [5]. - Currently, there are 11,887,500 Series 42 Shares outstanding [5]. Listing Information - The Toronto Stock Exchange has conditionally approved the listing of Series 43 Shares, pending Brookfield's fulfillment of listing requirements [6]. Company Overview - Brookfield Corporation is a global investment firm focused on long-term wealth creation, with core businesses in Alternative Asset Management, Wealth Solutions, and Operating Businesses in renewable power, infrastructure, and real estate [7][8]. - The company has a history of delivering over 15% annualized returns to shareholders for more than 30 years [8].