Brookfield Corporation Announces Renewal of Normal Course Issuer Bid for Preferred Shares

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Brookfield Corporation Announces Renewal of Normal Course Issuer Bid for Preferred SharesAuthor of the article:BROOKFIELD, NEWS, Aug. 19, 2026 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield” or “the Company”) (TSX: BN, NYSE: BN) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the Company’s outstanding Class A Preference Shares that are listed on the TSX (the “Preferred Shares”). 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 24, 2026 to August 23, 2027, 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.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountUnder the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the Preferred Shares as follows:Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againSeriesTickerIssued and outstanding shares1Public floatAverage daily trading volume2Maximum number of shares subject to purchase3TotalDailySeries 2BN.PR.B10,220,17510,220,1754,7341,022,0171,183Series 4BN.PR.C3,983,9103,983,9101,612398,3911,000Series 13BN.PR.K8,792,5968,792,5965,605879,2591,401Series 17BN.PR.M7,840,2047,840,2043,115784,0201,000Series 18BN.PR.N7,681,0887,681,0883,470768,1081,000Series 24BN.PR.R10,808,02710,808,02710,3761,080,8022,594Series 26BN.PR.T9,770,9289,770,9287,236977,0921,809Series 28BN.PR.X9,233,9279,233,9274,031923,3921,007Series 30BN.PR.Z9,787,0909,787,0903,513978,7091,000Series 32BN.PF.A11,750,29911,750,2997,4081,175,0291,852Series 34BN.PF.B9,876,7359,876,7354,315987,6731,078Series 36BN.PF.C7,842,9097,842,9093,694784,2901,000Series 37BN.PF.D7,830,0917,830,0913,136783,0091,000Series 38BN.PF.E7,906,1327,906,1324,867790,6131,216Series 40BN.PF.F11,841,02511,841,0255,7381,184,1021,434Series 42BN.PF.G11,887,50011,887,5004,9431,188,7501,235Series 46BN.PF.I11,740,79711,740,79710,4571,174,0792,614Series 48BN.PF.J11,885,97211,885,9725,1611,188,5971,290Series 51BN.PF.K3,202,9863,202,9862,842320,2981,000Series 52BN.PF.L1,157,4801,157,4804,097115,7481,024Series 54BN.PF.M10,000,00010,000,0007,3561,000,0001,839 As of August 12, 2026, under its current normal course issuer bid that commenced on August 22, 2025 and will expire on August 21, 2026, and which was approved by the TSX, Brookfield purchased 251,500 shares of the Preferred Shares, Series 51 at a weighted average price of C$17.86 per share of which 131,500 shares was made on the TSX. The Company also purchased 23,300 shares of the Preferred Shares, Series 52 at a weighted average price of C$17.55 per share on the TSX.Brookfield believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase Preferred Shares where it aligns with the Company’s investment and capital allocation strategies. All Preferred Shares acquired by Brookfield under this bid will be cancelled.Brookfield intends to enter into an automatic share purchase plan on or about the week of September 21, 2026 in relation to the normal course issuer bid. The automatic share purchase plan will allow for the purchase of Preferred Shares, subject to certain trading parameters, at times when Brookfield ordinarily would not be active in the market due to its own internal trading black-out period, insider trading rules or otherwise. Outside of these periods, the Preferred Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.About Brookfield CorporationBrookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).For more information, please visit our website at www.bn.brookfield.com or contact:Forward-Looking StatementsThis news release contains “forward-looking information” within the meaning of Canadian provincial securities lawsand“forward-lookingstatements”withinthemeaningoftheU.S.SecuritiesActof1933,theU.S.Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995andinanyapplicableCanadiansecuritiesregulations(collectively,“forward-lookingstatements”).Forward-lookingstatementsincludestatementsthatarepredictiveinnature,dependuponorrefertofutureresults,events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriateinthecircumstances.Theestimates,beliefsandassumptionsofBrookfieldareinherentlysubjectto significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”,“anticipate”,“believe”,“foresee”,“could”,“estimate”,“goal”,“intend”,“plan”,“seek”,“strive”,“will”,“may” and“should”andsimilarexpressions.Inparticular,theforward-lookingstatementscontainedinthisnewsrelease include statements referring to potential future purchases by Brookfield of its Preferred Shares pursuant to the Company’s normal course issuer bid and automatic share purchase plan.Although Brookfield Corporation believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factorsthatcouldcauseactualresultstodiffermateriallyfromthosecontemplatedorimpliedbyforward-looking statements include, but are not limited to: (i) returns that are lower than target; (ii) the impact or unanticipated impactofgeneraleconomic,politicalandmarketfactorsinthecountriesinwhichwedobusiness;(iii)thebehavior of financial markets, including fluctuations in interest and foreign exchange rates and heightened inflationary pressures;(iv)globalequityandcapitalmarketsandtheavailabilityofequityanddebtfinancingandrefinancing within these markets; (v) strategic actions including acquisitions and dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; (vi) changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); (vii) the ability to appropriately manage human capital; (viii) the effectofapplyingfutureaccountingchanges;(ix)businesscompetition;(x)operationalandreputationalrisks;(xi) technological change; (xii) changes in government regulation and legislation within the countries in which we operate; (xiii) governmental investigations and sanctions; (xiv) litigation; (xv) changes in tax laws; (xvi) ability to collectamountsowed;(xvii)catastrophicevents,suchasearthquakes,hurricanesandepidemics/pandemics; (xviii) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (xix) the introduction, withdrawal, success and timing of business initiatives and strategies; (xx) thefailureofeffectivedisclosurecontrolsandproceduresandinternalcontrolsoverfinancialreportingandother risks;(xxi)health,safetyandenvironmentalrisks;(xxii)themaintenanceofadequateinsurancecoverage;(xxiii) theexistenceofinformationbarriersbetweencertainbusinesseswithinourassetmanagementoperations;(xxiv) risks specific to our business segments including asset management, wealth solutions, renewable power and transition, infrastructure, private equity, real estate and corporate activities; and (xxv) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties,factorsandassumptionscarefullyinevaluatingtheforward-lookingstatementsandarecautioned not to place undue reliance on such forward-looking statements, which are based only on information available tousasofthedateofthisnewsreleaseorsuchotherdatespecifiedherein.Exceptasrequiredbylaw,Brookfield Corporation undertakes no obligation to publicly update or revise any forward- looking statements, whether written or oral, that may be as a result of new information, future events or otherwise._________________________________1 As at August 12, 20262 Calculated for the six-month period ended July 31, 2026.3 In accordance with TSX rules, any daily repurchases on the TSX with respect to (i) the Series 4, Series 17, Series 18, Series 30, Series 36, Series 37 and Series 51 Preferred Shares will be limited to 1,000 shares of the respective series and (ii) each of the other series of Preferred Shares (excluding the Series 4, Series 17, Series 18, Series 30, Series 36, Series 37 and Series 51 Preferred Shares) will be limited to 25% of the average daily trading volume on the TSX of the respective Preferred Shares.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.