Brookfield Corporation Reveals Conversion Results for Series 38 Preferred Shares

BROOKFIELD, March 24, 2025 – Brookfield Corporation (NYSE: BN, TSX: BN) has announced the results regarding the conversion of its Cumulative Class A Preference Shares, Series 38 (referred to as "Series 38 Shares") into the Cumulative Class A Preference Shares, Series 39 (known as "Series 39 Shares").

According to the announcement, Brookfield took into account all election notices that were received before the conversion deadline. A total of 42,035 Series 38 Shares were submitted for conversion. However, this number was significantly lower than the one million shares required for the conversion to take place into Series 39 Shares.

As a result, Brookfield confirmed that no conversion of Series 38 Shares into Series 39 Shares will occur. All holders of Series 38 Shares will maintain their existing shares.

About Brookfield Corporation

Brookfield Corporation is recognized as a prominent global investment firm dedicated to generating long-term wealth for its clients and individuals worldwide. The firm operates through three primary business segments: Alternative Asset Management, Wealth Solutions, and Operating Businesses, which encompass sectors like renewable energy, infrastructure, business and industrial services, and real estate.

With a history of delivering annual returns exceeding 15% for over three decades, Brookfield's strong track record is attributed to its unmatched investment and operational expertise. Its carefully managed balance sheet and vast operational experience enable it to consistently identify unique investment opportunities.

Central to Brookfield’s success is the Brookfield Ecosystem, founded on the idea that each division within the company gains advantages from being part of a larger organization. Brookfield Corporation's shares are publicly traded on the New York Stock Exchange and the Toronto Stock Exchange (NYSE: BN, TSX: BN).

Contact Information

For more insights about the company, interested parties can visit Brookfield’s official website. Alternatively, for media inquiries, contact Kerrie McHugh at (212) 618-3469 or via email at [email protected]. For investor relations, Katie Battaglia can be reached at (212) 776-2252 or by email at [email protected].

Brookfield, Shares, Conversion