Brookfield Corporation Announces Results of Conversion of its Series 38 Preferred Shares
Brookfield (NYSE: BN, TSX: BN) has announced the results of its Series 38 Preferred Shares conversion opportunity. The company received conversion notices for 42,035 Series 38 Shares to be converted into Series 39 Shares. However, since this number falls below the required minimum threshold of one million shares, the conversion will not proceed. As a result, current holders of Series 38 Shares will maintain their existing positions.
Brookfield (NYSE: BN, TSX: BN) ha annunciato i risultati dell'opportunità di conversione delle sue Azioni Preferenziali di Serie 38. L'azienda ha ricevuto richieste di conversione per 42.035 Azioni di Serie 38 da convertire in Azioni di Serie 39. Tuttavia, poiché questo numero è al di sotto della soglia minima richiesta di un milione di azioni, la conversione non procederà. Di conseguenza, gli attuali detentori delle Azioni di Serie 38 manterranno le loro posizioni esistenti.
Brookfield (NYSE: BN, TSX: BN) ha anunciado los resultados de su oportunidad de conversión de Acciones Preferentes de Serie 38. La compañía recibió avisos de conversión para 42,035 Acciones de Serie 38 que se convertirán en Acciones de Serie 39. Sin embargo, dado que este número está por debajo del umbral mínimo requerido de un millón de acciones, la conversión no procederá. Como resultado, los actuales tenedores de Acciones de Serie 38 mantendrán sus posiciones existentes.
브룩필드 (NYSE: BN, TSX: BN)는 38번 우선주 전환 기회의 결과를 발표했습니다. 회사는 42,035개의 38번 주식을 39번 주식으로 전환하겠다는 통지를 받았습니다. 그러나 이 숫자가 요구되는 최소 기준인 백만 주 아래에 있기 때문에 전환은 진행되지 않습니다. 따라서 현재 38번 주식을 보유한 주주들은 기존의 보유 상태를 유지하게 됩니다.
Brookfield (NYSE: BN, TSX: BN) a annoncé les résultats de son opportunité de conversion des Actions Préférentielles de Série 38. La société a reçu des notifications de conversion pour 42 035 Actions de Série 38 à convertir en Actions de Série 39. Cependant, comme ce nombre est inférieur au seuil minimum requis d'un million d'actions, la conversion ne sera pas effectuée. En conséquence, les détenteurs actuels des Actions de Série 38 conserveront leurs positions existantes.
Brookfield (NYSE: BN, TSX: BN) hat die Ergebnisse seiner Umwandlungsmöglichkeit für die Vorzugsaktien der Serie 38 bekannt gegeben. Das Unternehmen erhielt Umwandlungsanträge für 42.035 Vorzugsaktien der Serie 38, die in Vorzugsaktien der Serie 39 umgewandelt werden sollen. Da diese Zahl jedoch unter der erforderlichen Mindestschwelle von einer Million Aktien liegt, wird die Umwandlung nicht durchgeführt. Infolgedessen werden die aktuellen Inhaber der Vorzugsaktien der Serie 38 ihre bestehenden Positionen beibehalten.
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BROOKFIELD, NEWS, March 24, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 38 (the “Series 38 Shares”) (TSX: BN.PF.E) into Cumulative Class A Preference Shares, Series 39 (the “Series 39 Shares”), there were 42,035 Series 38 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 39 Shares. Accordingly, there will be no conversion of Series 38 Shares into Series 39 Shares and holders of Series 38 Shares will retain their Series 38 Shares.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.
We have a track record of delivering
For more information, please visit our website at bn.brookfield.com or contact:
| Media: Kerrie McHugh Tel: (212) 618-3469 kerrie.mchugh@brookfield.com | Investor Relations: Katie Battaglia Tel: (212) 776-2252 Email: katie.battaglia@brookfield.com |
FAQ
How many Brookfield Series 38 Shares were tendered for conversion to Series 39 Shares?
Why did Brookfield's (BN) Series 38 to Series 39 share conversion fail?
What happens to current Brookfield Series 38 shareholders after the failed conversion?
What was the minimum requirement for Brookfield's Series 38 to Series 39 conversion?
