Brookfield Corporation completes C$250 million preferred share issue
On November 26, 2025, Brookfield Corporation (“Brookfield”) completed the previously announced public offering of Class A preferred hares, Series 54, on a bought deal basis by a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., RBC Capital Markets and TD Securities Inc.
A total of 10,000,000 preferred shares, Series 54 were issued at a price of C$25.00 per share, for gross proceeds of C$250,000,000. The issuance included 2,000,000 preferred shares, Series 54 issued pursuant to the exercise, in full, of the underwriters’ option granted by Brookfield in the offering. Holders of the preferred shares, Series 54 will be entitled to receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2030. 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 2.80%, and (ii) 5.65%.
Brookfield intends to use the net proceeds from the offering to redeem all of its outstanding cumulative Class A preference shares, Series 44 for cash on December 31, 2025.
Further information can be found on Globe 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: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.