BROOKFIELD, NEWS, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (TSX: BN, NYSE: BN) (âBrookfieldâ or âthe Companyâ) today announced it has received approval from the Toronto Stock Exchange (âTSXâ) for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the Companyâs outstanding Class A Preference Shares that are listed on the TSX (the âPreferred Sharesâ). Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 22, 2025 to August 21, 2026, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased or such other price as may be permitted. All Preferred Shares acquired by Brookfield under this bid will be cancelled.
Related Questions
What is the expected cost of the buyback relative to Brookfieldâs cash reserves and overall capital allocation strategy?
How will the renewal of the issuer bid affect the market price and liquidity of Brookfieldâs Class A Preference Shares?
How does this buyback compare to recent similar actions by peers in the asset management sector and what does it imply about Brookfieldâs valuation and signaling intentions?