Brookfield Corporation completes C$200 million preferred share issue
On October 22, 2026, Brookfield Corporation (“Brookfield”) completed the previously announced public offering of Class A preferred hares, Series 56, on a bought deal basis by a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank and TD Securities Inc.
A total of 8,000,000 preferred shares, Series 56 were issued at a price of C$25.00 per share, for gross proceeds of C$200,000,000. The issuance included 2,000,000 preferred shares, Series 56 issued pursuant to the exercise, in full, of the underwriters’ option granted by Brookfield in the offering. Holders of the preferred shares, Series 56 will be entitled to receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2031. Thereafter, the dividend rate will be reset every five years at a rate equal to the greater of: (i) the 5-year Government of Canada bond yield plus 2.15%, and (ii) 5.65%.
Brookfield intends to use the net proceeds from the offering for general corporate purposes.
Further information can be found on PR Newswire’s website.
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world, which has three core businesses: Asset Management, Wealth Solutions, and Operating Businesses which are in infrastructure, energy, private equity, and real estate.