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Brookfield Completes C$250 Million Preferred Share Issue
Globenewswire· 2025-11-26 12:54
Core Points - Brookfield Corporation has completed the issuance of Class A Preference Shares, Series 54, amounting to C$250,000,000 [1][2] - A total of 10,000,000 shares were issued at a price of C$25.00 per share, with a cumulative quarterly fixed dividend yielding 5.65% annually until December 31, 2030 [2] - The net proceeds from the Offering will be used to redeem all outstanding Cumulative Class A Preference Shares, Series 44, at a redemption price of C$25.00 per share [3] 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 [4] - 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 [5] - Brookfield Corporation is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange [5]
Power Corporation Announces Issue of Preferred Shares
Globenewswire· 2025-09-15 16:01
Core Points - Power Corporation of Canada ("Power Corporation" or "PCC") announced the issuance of 6,000,000 Non-Cumulative First Preferred Shares, Series H, for gross proceeds of $150 million, priced at $25.00 per share with an annual dividend yield of 5.75% [2][3] - The offering is expected to close around September 22, 2025, and is underwritten by a syndicate led by BMO Capital Markets, RBC Capital Markets, and Scotiabank [2][3] - An option has been granted to underwriters to purchase an additional 2,000,000 Preferred Shares, potentially increasing total gross proceeds to $200 million if fully exercised [3] Offering Details - The Series H Shares will be offered across all provinces and territories of Canada through a prospectus supplement to the short form base shelf prospectus dated November 19, 2024 [4] - Access to the Prospectus Supplement and Shelf Prospectus will be available on SEDAR+ within two business days [5] Company Overview - Power Corporation is an international management and holding company focusing on financial services in North America, Europe, and Asia, with core holdings in insurance, retirement, wealth management, and investment businesses [7]