Brookfield Corporation Confirms No Conversion of Series 38 Preferred Shares

On March 24, 2025, Brookfield Corporation (NYSE: BN, TSX: BN) released an announcement concerning its Cumulative Class A Preference Shares, Series 38 (the "Series 38 Shares"). This announcement detailed the results following the receipt of election notices for converting Series 38 Shares into Cumulative Class A Preference Shares, Series 39 (the "Series 39 Shares").

According to the announcement, the total number of Series 38 Shares tendered for conversion was 42,035. This figure is significantly lower than the one million shares necessary to proceed with the conversion into Series 39 Shares. As a consequence, the company has declared that there will be no conversion, and holders will retain their Series 38 Shares.

About Brookfield Corporation

Brookfield Corporation is a prominent global investment firm dedicated to generating long-term wealth for both institutional and individual investors worldwide. The company has three key business segments: Alternative Asset Management, Wealth Solutions, and Operating Businesses, which include sectors such as renewable power, infrastructure, business and industrial services, and real estate.

The firm has a strong history of providing over 15% annualized returns to its shareholders for more than three decades. This success can be attributed to its prudent management practices, extensive operational expertise, and global networks, which enable Brookfield to consistently identify unique investment opportunities.

Investment Strategy and Ecosystem

Central to Brookfield's strategy is the "Brookfield Ecosystem," which promotes the idea that each division within the company benefits from being part of a larger organization. This collaborative approach not only enhances operational efficiency but also fosters innovation and growth across the business.

Brookfield Corporation is publicly traded, with shares listed on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbols BN. For further details, interested parties are encouraged to visit Brookfield’s website or reach out via the contact provided.

Contact Information

For media inquiries, please contact Kerrie McHugh at (212) 618-3469 or via email at [email protected]. For investor relations inquiries, Katie Battaglia is available at (212) 776-2252 or via email at [email protected].

Brookfield, Finance, Investment