Brookfield Business Partners Announces Closing Date of Corporate Simplification

Core Viewpoint - Brookfield Business Partners L.P. and Brookfield Business Corporation have received all necessary approvals to complete a corporate simplification, converting into a single publicly traded Canadian corporation [1][2]. Group 1: Corporate Structure Changes - The corporate simplification is expected to enhance index inclusion and improve trading liquidity, thereby broadening the global investor base and supporting long-term value creation for shareholders [2]. - The court-approved plan of arrangement will take effect before markets open on March 27, 2026, with all existing units and shares being exchanged for newly issued Class A shares on a one-for-one basis [2]. - The new corporation will be named Brookfield Business Corporation, and its Class A shares are anticipated to start trading on the New York Stock Exchange and the Toronto Stock Exchange under the symbol "BBUC" on March 31, 2026 [3]. Group 2: Company Overview - Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services [4]. - The company is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets [5].