DividendJun 1, 2026, 05:40 PM
Brookfield Sets Series 24 Pref Share Dividend at 5.432%
AI Summary
Brookfield Corporation announced a reset dividend rate for its Cumulative Class A Preference Shares, Series 24, at an annual rate of 5.432% ($0.3395 per share per quarter) for the five years starting July 1, 2026. Holders have the option to convert their Series 24 Shares into Series 25 Shares by June 15, 2026. The Series 25 Shares will pay a floating rate, with the initial quarterly dividend set at 1.16525% ($0.2913125 per share) for the period ending September 30, 2026.
Key Highlights
- Brookfield Series 24 Preference Shares dividend reset to 5.432% annually.
- Quarterly dividend for Series 24 Shares will be $0.3395 per share.
- Holders can convert Series 24 to Series 25 Shares by June 15, 2026.
- Series 25 Shares initial quarterly dividend rate is 1.16525% (4.623% annualized).
- Initial Series 25 quarterly dividend is $0.2913125 per share, payable Sep 30, 2026.
- Currently 10,808,027 Series 24 Shares outstanding.
- TSX conditionally approved listing of Series 25 Shares.
Price Impact
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