Brookfield renews normal course issuer bid

Brookfield Corporation (BN [https://seekingalpha.com/symbol/BN]) announced on Monday it has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to purchase up to 191.03M Class A Limited Voting Shares.

The period of the normal course issuer bid will extend from May 27, 2026, to May 26, 2027, or an earlier date should Brookfield complete its purchases.

Brookfield said it is renewing its normal course issuer bid because it will provide the flexibility to use available funds to acquire its Class A shares where it aligns with Brookfield’s investment and capital allocation strategies. All Class A Shares acquired by Brookfield under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield’s long-term incentive plans.

Brookfield intends to enter into an automatic share purchase plan on or about the week of June 15, 2026, in relation to the normal course issuer bid.

Source: press release [https://seekingalpha.com/pr/20526782-brookfield-corporation-announces-renewal-of-normal-course-issuer-bid]

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