$BN

BROOKFIELD Corp /ON/

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Brookfield gets board approval for simplification move

Brookfield Corp and Brookfield Wealth Solutions said their boards approved a plan to simplify their corporate structure by consolidating into a single publicly traded company, Brookfield Corporation (BN on NYSE and Toronto). The one-for-one exchange of class A shares will be done via a court-approved plan, subject to shareholder approval on July 16. Brookfield expects tax-deferred treatment and completion by year-end, and says distributions will continue.

Brookfield Corporation Announces Renewal of Normal Course Issuer Bid

Brookfield Corporation said the Toronto Stock Exchange approved renewal of its normal course issuer bid to buy up to 191,034,672 Class A Limited Voting Shares (10% of public float). The program runs May 27, 2026 to May 26, 2027, with purchases on TSX/NYSE/ATS at market price. Brookfield reported no TSX purchases under the prior bid and bought 15,130,344 shares at a weighted average US$41.51.

Brookfield Receives Approval For Renewal Of Normal Course Issuer Bid

Brookfield Corporation said the Toronto Stock Exchange approved the renewal of its normal course issuer bid to repurchase up to 191,034,672 shares of its Class A common stock. The company said the bid is intended to allow continued share repurchases under TSX rules.

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