Corporate ActionJun 22, 2026, 05:02 PM
Brookfield Series 24 Preference Share Conversion Fails
AI Summary
Brookfield Corporation announced that the conversion of its Cumulative Class A Preference Shares, Series 24, into Series 25 Shares did not proceed. Only 1,400 Series 24 Shares were tendered for conversion, which is significantly less than the required one million shares. Consequently, holders of Series 24 Shares will retain their existing shares.
Key Highlights
- Conversion of Series 24 Preference Shares to Series 25 Shares announced.
- Only 1,400 Series 24 Shares were tendered for conversion.
- One million shares were required for the conversion to be effective.
- The conversion of Series 24 Shares into Series 25 Shares did not occur.
- Holders of Series 24 Shares will retain their existing shares.
Price Impact
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