Brookfield Business Partners Announces Closing Date of Corporate Simplification

Executive Summary

• Brookfield Business Partners L.P. (BBU) and Brookfield Business Corporation (BBUC) have obtained all required approvals to complete their previously announced corporate simplification, converting into a single publicly‑traded Canadian corporation.
• The court‑approved plan of arrangement will become effective before market open on March 27 2026; upon closing, existing BBU units, BBUC Class A exchangeable shares and redemption‑exchange units will be exchanged one‑for‑one for newly issued Class A shares of the new entity, to be named Brookfield Business Corporation.
• The new Class A shares are expected to begin trading on both the NYSE and TSX under the ticker “BBUC” on March 31 2026, providing greater index inclusion and improved liquidity for shareholders.

Key Details

• Approvals Received: All regulatory and shareholder approvals required for the reorganization have been secured.
• Effective Date: The plan of arrangement is expected to become effective prior to market open on March 27 2026.
• Exchange Ratio: One‑for‑one exchange of all BBU limited partnership units, BBUC Class A exchangeable shares, and redemption‑exchange units for newly issued Class A shares of Brookfield Business Corporation.
• New Corporate Name: Brookfield Business Corporation.
• Trading Commencement: Newly issued Class A shares to commence trading on the NYSE and TSX under symbol “BBUC” on March 31 2026.
• Strategic Benefits Cited: Anticipated greater inclusion in equity indexes, enhanced trading liquidity, broader global investor base, and continued focus on long‑term shareholder value creation.

Notable Quotes

“Today represents an important milestone in the continued growth and evolution of our business as we near the completion of simplifying our corporate structure,” – Anuj Ranjan, CEO, Brookfield Business Partners.
“We expect the benefits of converting into a single listed corporate entity – including greater index inclusion and improved trading liquidity will help broaden our global investor base and support our continued focus on creating long‑term value for our shareholders.” – Anuj Ranjan.