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Brookfield Corporation Announces Renewal of Normal Course Issuer Bid

BN
  • Brookfield Corporation received Toronto Stock Exchange approval to renew its normal course issuer bid to purchase up to 191,034,672 Class A Limited Voting Shares, representing 10% of the public float.
  • The bid period extends from May 27, 2026 to May 26, 2027, with purchases conducted on the open market via the TSX, NYSE, or alternative trading systems.
  • As of May 15, 2026, Brookfield had 2,450,808,038 Class A Shares issued, with a daily purchase limit of 722,889 shares on the TSX.
  • Under the prior bid period ending May 26, 2026, Brookfield purchased no shares on the TSX, though it acquired 15,130,344 shares on the NYSE post-split at a weighted average price of US$41.51.
  • Acquired shares will be cancelled or purchased by a non-independent trustee for long-term incentive plans, providing capital allocation flexibility aligned with investment strategies.
  • Brookfield plans to launch an automatic share purchase plan around the week of June 15, 2026, to facilitate purchases during internal trading black-out periods.