Brookfield Corporation's Preferred Shares Conversion Update
Brookfield Corporation's Preferred Shares Conversion Update
BROOKFIELD, NEWS, a recent announcement revealed that Brookfield Corporation (NYSE: BN, TSX: BN) has concluded its consideration for the conversion of Cumulative Class A Preference Shares, Series 42 (the “Series 42 Shares”). Upon review of all election notices gathered by the designated deadline, it has been established that only 10,420 Series 42 Shares were submitted for conversion. This quantity falls significantly short of the one million shares necessary for the transition into Cumulative Class A Preference Shares, Series 43 (the “Series 43 Shares”). Consequently, the planned conversion of Series 42 Shares to Series 43 Shares will not proceed, allowing holders to keep their Series 42 Shares.
Understanding Brookfield Corporation
Brookfield Corporation stands as a prominent global investment firm dedicated to creating lasting wealth for both institutions and individuals around the globe. The company operates through three main sectors: Alternative Asset Management, Wealth Solutions, and various Operating Businesses, which span renewable energy, infrastructure, industrial services, and real estate.
Performance and Strategy
Strategically, Brookfield has a commendable history, consistently delivering over 15% annualized returns to shareholders for more than three decades. This achievement is underpinned by their exceptional investment acumen and extensive operational expertise. Their robust balance sheet management, seasoned operational insights, and widespread global sourcing networks empower Brookfield to seize unique investment opportunities reliably.
The Brookfield Ecosystem
At the heart of Brookfield's success lies the innovative Brookfield Ecosystem, which embraces the principle that collaboration among various branches of Brookfield enhances the overall performance and benefits of each sector. This interconnected approach enables Brookfield to leverage collective strengths, creating synergies that contribute to the firm's resilience and agility.
Investor Relations and Contact Information
For stakeholders seeking further details, Brookfield Corporation encourages visits to their official website. Additionally, investors and media representatives can reach out to the following contacts for inquiries:
Media Contacts
Kerrie McHugh
Tel: (212) 618-3469
Email: kerrie.mchugh@brookfield.com
Investor Relations Contacts
Katie Battaglia
Tel: (416) 359-8544
Email: katie.battaglia@brookfield.com
Frequently Asked Questions
What are Series 42 and Series 43 Shares?
Series 42 Shares are Cumulative Class A Preference Shares offered by Brookfield Corporation, while Series 43 Shares represent the proposed next class of these shares.
How many Series 42 Shares were eligible for conversion?
A total of 10,420 Series 42 Shares were submitted for conversion, which is significantly less than the required one million shares.
Will Series 42 Shares holders lose their shares?
No, holders of Series 42 Shares will retain their shares due to the insufficient number of conversions for Series 43 Shares.
What is Brookfield Corporation's investment focus?
Brookfield Corporation focuses on long-term investments across various sectors, including renewable power, infrastructure, and real estate, aiming to generate sustained wealth for investors.
How can investors contact Brookfield Corporation?
Investors can contact Brookfield Corporation through their media and investor relations representatives provided above or by visiting their official website.
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