Brookfield Corporation to Issue C$200 Million of Preferred Shares and Redeem a Minimum of C$200 Million of its Class A Preference Shares, Series 44

Executive Summary

• Brookfield Corporation announced a bought‑deal issuance of 8,000,000 Class A Preference Shares, Series 54 at C$25.00 per share for gross proceeds of C$200 million.
• Underwriters have an option to purchase up to an additional 2,000,000 shares, potentially increasing total proceeds to C$250 million.
• Net proceeds will be used to redeem a minimum of C$200 million of outstanding Series 44 Preference Shares on December 31 2025 at C$25.00 per share.

Key Details

• Offering Size: 8,000,000 Preferred Shares, Series 54 (C$200 M gross); optional up‑to 2,000,000 additional shares (potential C$250 M total).
• Price: C$25.00 per share.
• Dividend: Cumulative quarterly fixed dividend yielding 5.65% annually until 31 Dec 2030; thereafter reset every five years to the greater of (i) 5‑year Canada bond yield + 2.80% or (ii) 5.65%.
• Underwriters: Syndicate led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., RBC Capital Markets, TD Securities Inc.
• Option Exercise Deadline: Up to 48 hours prior to closing.
• Closing Date: Expected on or about 26 Nov 2025.
• Use of Proceeds: Redeem at least C$200 M of outstanding Series 44 Preference Shares (TSX: BN.PF.H) on 31 Dec 2025; if full option exercised, redeem all Series 44 shares. Redemption price = C$25.00 per share.
• Redemption Dividend: Holders of Series 44 as of 15 Dec 2025 receive declared quarterly dividend of C$0.3125 per share payable on 31 Dec 2025.
• Regulatory Access: Prospectus Supplement and Base Shelf Prospectus available via SEDAR+ within two business days; not offered in the U.S. or to U.S. persons without exemption.

Notable Quotes

(No direct quotes were provided in the release.)