Brookfield Wealth simplifies structure, sets year-end close
Brookfield Wealth Solutions received shareholder approval for a corporate structure simplification at its meeting on July 16, 2026. The transaction will result in Brookfield Corporation becoming the parent entity, listed on the TSX and NYSE, with Brookfield Wealth Solutions being delisted. All director nominees for Class A and Class B shares were elected with high approval margins.
*this image is generated using AI for illustrative purposes only.
Brookfield Wealth Solutions received shareholder approval for a transaction to simplify its corporate structure at its annual general and special meeting on July 16, 2026. Upon completion, Brookfield Wealth Solutions Ltd. will be delisted and Brookfield Corporation Ltd. will become the new parent entity of the group, listed on the TSX and NYSE under the symbol "BN". The transaction is expected to close by year-end, subject to customary conditions and receipt of all applicable regulatory approvals.
All five nominees proposed for election to the board of directors by holders of Class A exchangeable limited voting shares and all five nominees proposed by the holder of Class B limited voting shares were elected at the meeting. The votes for the Class A nominees ranged from 96.82% to 99.77%, while the Class B nominees received 100% of the votes cast.
Class A Share Voting Results
Management received proxies from holders of Class A Shares regarding the election of the five directors nominated by this shareholder class. The detailed results are as follows:
| Director Nominee | Votes For | % | Votes Withheld | % |
|---|---|---|---|---|
| Dr. Soonyoung Chang | 45,981,235 | 99.47 | 246,193 | 0.53 |
| William Cox | 44,756,772 | 96.82 | 1,470,656 | 3.18 |
| Michele Coleman Mayes | 46,120,051 | 99.77 | 107,377 | 0.23 |
| Lars Rodert | 46,118,901 | 99.77 | 108,527 | 0.23 |
| Anne Schaumburg | 45,793,443 | 99.06 | 433,985 | 0.94 |
Class B Share Voting Results
Management received a proxy from the holder of Class B Shares to vote all 36,000 Class B Shares for each of the five directors nominated by this shareholder class. The results are as follows:
| Director Nominee | Votes For % |
|---|---|
| Barry Blattman | 100.0 |
| Gregory Morrison | 100.0 |
| Lori Pearson | 100.0 |
| Sachin Shah | 100.0 |
| Michael McRaith | 100.0 |
All other matters put forth at the meeting were approved by shareholder vote. A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the meeting is available on EDGAR at www.sec.gov/edgar or SEDAR+ at www.sedarplus.ca .
How will the delisting of Brookfield Wealth Solutions impact liquidity for existing shareholders?
What strategic benefits does Brookfield Corporation expect to gain from this corporate simplification?
How might the reorganization affect the operational autonomy of Brookfield Wealth Solutions?
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