Cumulative Class A Preference Shares
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Brookfield Corporation to Issue C$200 Million of Preferred Shares and Redeem a Minimum of C$200 Million of its Class A Preference Shares, Series 44
Globenewswire· 2025-11-19 14:11
Core Viewpoint - Brookfield Corporation has announced a public offering of 8,000,000 Class A Preference Shares, Series 54, aiming to raise C$200,000,000, with a fixed annual dividend yield of 5.65% for an initial period until December 31, 2030 [1][3]. Group 1: Offering Details - The Preferred Shares, Series 54 will be issued at a price of C$25.00 per share, resulting in aggregate gross proceeds of C$200,000,000 [1]. - An option has been granted to underwriters to purchase an additional 2,000,000 shares, potentially increasing the total offering size to C$250,000,000 [2]. - The offering is expected to close on or about November 26, 2025 [3]. Group 2: Dividend Structure - Holders of the Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period [1]. - After the initial period, the dividend rate will be reset every five years based on the greater of the 5-year Government of Canada bond yield plus 2.80% or 5.65% [1]. Group 3: Use of Proceeds - Brookfield intends to use the net proceeds from the offering to redeem a minimum of C$200,000,000 of its outstanding Cumulative Class A Preference Shares, Series 44 on December 31, 2025 [3]. - If the underwriters' option is fully exercised, Brookfield plans to redeem all of its Preferred Shares, Series 44 on the same date [3]. Group 4: Company Overview - Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals, with core businesses in Alternative Asset Management, Wealth Solutions, and Operating Businesses [7][8]. - The company has a track record of delivering over 15% annualized returns to shareholders for more than 30 years [9].
Brookfield Corporation Announces Results of Conversion of its Series 42 Preferred Shares
Globenewswire· 2025-06-23 20:45
Group 1 - Brookfield Corporation announced that there will be no conversion of its Cumulative Class A Preference Shares, Series 42 into Series 43, as only 10,420 shares were tendered for conversion, which is below the one million shares required [1] - The company focuses on building long-term wealth through three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses in renewable power, infrastructure, business and industrial services, and real estate [2][3] - Brookfield has a track record of delivering over 15% annualized returns to shareholders for more than 30 years, supported by its investment and operational experience [3] Group 2 - The company maintains a conservatively managed balance sheet and extensive operational experience, allowing it to access unique investment opportunities [3] - The Brookfield Ecosystem is a fundamental principle of the organization, where each group benefits from being part of the broader organization [3] - Brookfield Corporation is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange [3]
Brookfield Announces Reset Dividend Rate on Its Series 42 Preference Shares
Globenewswire· 2025-06-03 11:00
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].