Brookfield Corporation and Brookfield Wealth Solutions Receive Board Approval for Corporate Simplification

On May 26, 2026, the boards of directors of Brookfield Corporation (BN) and Brookfield Wealth Solutions (BNT) approved a corporate simplification to combine into a single publicly traded company, Brookfield Corporation Ltd. Under the one‑for‑one share exchange, BN and BNT holders will receive new shares in the combined entity, which will list on the NYSE and TSX under the symbol “BN.” The transaction is expected to be completed on a tax‑deferred basis for U.S. and Canadian shareholders by year‑end, subject to shareholder votes at the July 16, 2026 annual meetings and customary regulatory approvals.

The board approval is entirely expected following the initial announcement of the simplification on May 14, 2026. It does not introduce any new financial or strategic information, nor does it alter the previously disclosed terms or timeline. The move is a necessary procedural step and does not change the fundamental outlook for either entity. The market has already priced in the merger; the news is therefore routine and positive only insofar as it confirms progress.

Brookfield Wealth Solutions Ltd. is a global insurance platform operating in life and annuity (American National, American Equity Life, Just Group) and property & casualty (Clearbrook Group, Argo, Farm Family). The company’s flagship strategy is to build a scaled, well‑capitalized insurer that benefits from Brookfield’s alternative asset origination, with a focus on retail annuities, pension risk transfers, and selected reinsurance. Post‑Just Group acquisition (completed April 1, 2026), insurance assets under management reached approximately $180 billion. The upcoming merger with BN will give the insurance business direct access to the parent’s permanent capital, removing the exchangeable‑share structure.