BuybackMay 25, 2026, 06:46 AM
Brookfield Renews Share Buyback for 191M Class A Shares
AI Summary
Brookfield Corporation announced the renewal of its normal course issuer bid, approved by the Toronto Stock Exchange, to repurchase up to 191,034,672 Class A Limited Voting Shares. This represents 10% of the public float and will run from May 27, 2026, to May 26, 2027. The company aims to use available funds to acquire shares when aligned with its investment and capital allocation strategies, with all acquired shares to be cancelled or used for long-term incentive plans. Under the previous bid, Brookfield purchased 15,130,344 Class A Shares at a weighted average price of US$41.51.
Key Highlights
- Brookfield received TSX approval to renew its normal course issuer bid.
- The company can purchase up to 191,034,672 Class A Shares, representing 10% of the public float.
- The bid period is from May 27, 2026, to May 26, 2027.
- As of May 15, 2026, 2,450,808,038 Class A Shares were outstanding, with a public float of 1,910,346,718 shares.
- Maximum daily purchase on TSX will be 722,889 Class A Shares.
- Under the prior bid (May 27, 2025 - May 26, 2026), Brookfield purchased 15,130,344 Class A Shares post-split.
- The weighted average price for shares purchased under the prior bid was US$41.51.
- Brookfield will enter into an automatic share purchase plan around June 15, 2026.
Price Impact
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