Brookfield Corporation announced that its proposed conversion of Cumulative Class A Preference Shares, Series 24, into Series 25 Shares will not proceed after failing to meet the minimum participation threshold. Only 1,400 Series 24 Shares were tendered for conversion by the deadline, significantly below the one million shares required to give effect to the conversion. As a result, holders of Series 24 Shares will retain their existing securities.

The conversion offer allowed shareholders to exchange their Series 24 Shares for Series 25 Shares. However, the low uptake means the terms for conversion were not satisfied. Brookfield Corporation, listed on the NYSE and TSX under the ticker BN, focuses on asset management, wealth solutions, and operating businesses across sectors such as energy, infrastructure, private equity, and real estate.

The following table outlines the key details of the conversion attempt:

Brookfield Corporation is a global investment firm with a track record of delivering annualized returns of over 15% to shareholders for more than 30 years. The firm operates through three core businesses: Asset Management, Wealth Solutions, and its Operating Businesses.