Global Finance News
19 Nov 2025, 17:30
Brookfield Corporation to issue new preferred shares, redeem Series 44 shares
Brookfield Corporation (NYSE: BN, TSX: BN) announced it will issue C$200 million of Class A Preferred Shares, Series 54 at C$25.00 per share. The shares will pay a 5.65% annual fixed dividend until December 31, 2030, after which the rate resets every five years to the greater of the 5-year Government of Canada bond yield plus 2.80% or 5.65%.
The underwriting syndicate is led by Scotiabank, BMO, CIBC, National Bank, RBC, and TD. An additional 2 million shares may be issued if the underwriters’ option is exercised, bringing the deal up to C$250 million.
Brookfield plans to use the proceeds to redeem at least C$200 million of its Cumulative Class A Preferred Shares, Series 44 (TSX: BN*PF*H) on December 31, 2025, at C$25.00 per share. If the option is exercised in full, all Series 44 shares will be redeemed. Holders of Series 44 shares as of December 15, 2025 will still receive the previously declared quarterly dividend of C$0.3125 on December 31, 2025.
The offering is expected to close on or about November 26, 2025.
Brookfield Corporation (NYSE: BN, TSX: BN) announced it will issue C$200 million of Class A Preferred Shares, Series 54 at C$25.00 per share. The shares will pay a 5.65% annual fixed dividend until December 31, 2030, after which the rate resets every five years to the greater of the 5-year Government of Canada bond yield plus 2.80% or 5.65%.
The underwriting syndicate is led by Scotiabank, BMO, CIBC, National Bank, RBC, and TD. An additional 2 million shares may be issued if the underwriters’ option is exercised, bringing the deal up to C$250 million.
Brookfield plans to use the proceeds to redeem at least C$200 million of its Cumulative Class A Preferred Shares, Series 44 (TSX: BN*PF*H) on December 31, 2025, at C$25.00 per share. If the option is exercised in full, all Series 44 shares will be redeemed. Holders of Series 44 shares as of December 15, 2025 will still receive the previously declared quarterly dividend of C$0.3125 on December 31, 2025.
The offering is expected to close on or about November 26, 2025.
