Brookfield plans redemption of Series 51 and 52 preference shares

1 min read | Published on 04 Sept 2026, 04:37 PM |Updated on 04 Sept 2026, 04:37 PM

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Jubin VScanX News Team

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Key Highlights

Brookfield intends to redeem all Class A Preference Shares, Series 51 and 52, on November 1, 2026
Series 51 shares will be redeemed at $22.44 each plus accrued dividends up to the redemption date
Series 52 shares will be redeemed at $22.00 each with a final dividend of $0.151250 payable October 30
Holders of record for Series 52 as of October 15, 2026, are eligible for the final quarterly dividend

*this image is generated using AI for illustrative purposes only.

Brookfield Corporation (NYSE: BN, TSX: BN) announced it intends to redeem all outstanding Cumulative Redeemable Class A Preference Shares, Series 51 and Series 52, for cash on November 1, 2026.

The global investment firm specified the redemption terms for both series in a press release issued on September 4, 2026. The move affects holders of the specific preference share classes listed on the Toronto Stock Exchange.

Redemption Terms

The company outlined the financial details for the buyback below:

Series	Redemption Price	Additional Dividend	Record Date	Payment Date
Series 51	$22.44 per share	Accrued and unpaid dividends up to but excluding Nov 1, 2026	N/A	November 1, 2026
Series 52	$22.00 per share	Final quarterly dividend of $0.151250 per share	October 15, 2026	October 30, 2026

Holders of Series 51 shares will receive the fixed price plus any accrued dividends calculated up to, but not including, the redemption date. For Series 52 shareholders, those holding shares as of October 15, 2026, will also receive the previously declared final quarterly dividend payable on October 30, 2026.

About Brookfield Corporation

Brookfield Corporation operates three core businesses: Asset Management, Wealth Solutions, and Operating Businesses spanning infrastructure, energy, private equity, and real estate. The firm reports a track record of delivering over 15% annualized returns to shareholders for more than 30 years.

Its operations rely on a conservatively managed balance sheet and global sourcing networks to access investment opportunities. The company is publicly traded in New York and Toronto.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might this redemption impact Brookfield's weighted average cost of capital and future dividend sustainability for common shareholders?

Does this move signal a strategic shift in Brookfield's capital allocation priorities, such as favoring debt over equity financing for upcoming infrastructure or real estate acquisitions?

What are the potential tax implications for Series 51 and 52 holders in key jurisdictions like Canada and the US regarding the redemption proceeds versus accrued dividends?

Brookfield renews TSX-approved bid to buy back preferred shares

2 min read | Published on 19 Aug 2026, 04:26 PM |Updated on 19 Aug 2026, 04:26 PM

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Key Highlights

Brookfield Corporation renewed its TSX-approved normal course issuer bid to repurchase up to 10% of the public float for 22 series of Class A Preference Shares. The bid runs from August 24, 2026, to August 23, 2027. Recent activity included purchases of Series 51 and 52 shares at weighted average prices of C$17.86 and C$17.55 respectively.

*this image is generated using AI for illustrative purposes only.

Brookfield Corporation (TSX: BN, NYSE: BN) secured approval from the Toronto Stock Exchange to renew its normal course issuer bid for its Class A Preference Shares. The renewed authorization allows the global investment firm to repurchase up to 10% of the public float for each respective series of preferred shares listed on the TSX.

The bid period extends from August 24, 2026, to August 23, 2027, or until earlier completion of purchases. Brookfield will acquire shares on the open market via the TSX and/or alternative Canadian trading systems at prevailing market prices. All shares acquired under this bid will be cancelled.

Bid Parameters and Series Coverage

The authorization covers 22 distinct series of preferred shares. Daily purchase limits are governed by TSX rules, generally capped at 25% of the average daily trading volume for most series. However, specific daily caps of 1,000 shares apply to Series 4, 17, 18, 30, 36, 37, and 51 due to lower liquidity profiles.

Series	Ticker	Outstanding Shares	Max Total Purchase	Daily Limit
Series 2	BN.PR.B	10,220,175	1,022,017	1,183
Series 4	BN.PR.C	3,983,910	398,391	1,000
Series 13	BN.PR.K	8,792,596	879,259	1,401
Series 17	BN.PR.M	7,840,204	784,020	1,000
Series 18	BN.PR.N	7,681,088	768,108	1,000
Series 24	BN.PR.R	10,808,027	1,080,802	2,594
Series 26	BN.PR.T	9,770,928	977,092	1,809
Series 28	BN.PR.X	9,233,927	923,392	1,007
Series 30	BN.PR.Z	9,787,090	978,709	1,000
Series 32	BN.PF.A	11,750,299	1,175,029	1,852
Series 34	BN.PF.B	9,876,735	987,673	1,078
Series 36	BN.PF.C	7,842,909	784,290	1,000
Series 37	BN.PF.D	7,830,091	783,009	1,000
Series 38	BN.PF.E	7,906,132	790,613	1,216
Series 40	BN.PF.F	11,841,025	1,184,102	1,434
Series 42	BN.PF.G	11,887,500	1,188,750	1,235
Series 46	BN.PF.I	11,740,797	1,174,079	2,614
Series 48	BN.PF.J	11,885,972	1,188,597	1,290
Series 51	BN.PF.K	3,202,986	320,298	1,000
Series 52	BN.PF.L	1,157,480	115,748	1,024
Series 54	BN.PF.M	10,000,000	1,000,000	1,839

Data as of August 12, 2026. Average daily trading volume calculated for the six months ended July 31, 2026.

Recent Activity and Execution Strategy

Under the expiring bid (August 22, 2025, to August 21, 2026), Brookfield purchased 251,500 shares of Series 51 at a weighted average price of C$17.86 per share as of August 12, 2026. Of these, 131,500 shares were acquired on the TSX. The company also bought 23,300 shares of Series 52 at C$17.55 per share on the exchange.

Brookfield plans to implement an automatic share purchase plan around the week of September 21, 2026. This mechanism enables purchases during internal trading black-out periods or when restricted by insider trading rules, ensuring continuous capital allocation flexibility outside standard management discretion windows.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might the implementation of the automatic share purchase plan impact the execution speed and cost efficiency of Brookfield's buyback program during insider trading blackout periods?

What are the potential implications for preferred shareholders regarding dividend sustainability and yield adjustments given the reduction in outstanding shares across 22 series?

How does this renewed capital return strategy align with Brookfield's broader balance sheet management goals amidst current interest rate environments?