WS News
03 Jun 2025, 22:01
Brookfield Sets 5.658% Dividend Rate for Series 42 Preferred Shares, Offers Conversion to Floating Rate Series 43
Brookfield Corporation (TSX: BN.PF.G) announced on June 3, 2025, that the fixed dividend rate for its Cumulative Class A Preference Shares, Series 42, will be 5.658% annually (C$0.353625 quarterly) for the term July 1, 2025, to June 30, 2030. Shareholders may opt to convert Series 42 shares to Series 43 shares, which offer floating-rate dividends at 2.84% above 3-month Canadian T-bills. The first quarterly dividend for Series 43 is set at 1.38227% (annualized 5.484%).
Shareholders must elect conversion by June 16, 2025. Automatic conversion or cancellation of the option will occur if Series 42 or Series 43 shares fall below 1 million outstanding shares. The TSX has conditionally approved the listing of Series 43 shares, pending standard requirements.
Brookfield Corporation (TSX: BN.PF.G) announced on June 3, 2025, that the fixed dividend rate for its Cumulative Class A Preference Shares, Series 42, will be 5.658% annually (C$0.353625 quarterly) for the term July 1, 2025, to June 30, 2030. Shareholders may opt to convert Series 42 shares to Series 43 shares, which offer floating-rate dividends at 2.84% above 3-month Canadian T-bills. The first quarterly dividend for Series 43 is set at 1.38227% (annualized 5.484%).
Shareholders must elect conversion by June 16, 2025. Automatic conversion or cancellation of the option will occur if Series 42 or Series 43 shares fall below 1 million outstanding shares. The TSX has conditionally approved the listing of Series 43 shares, pending standard requirements.
