Brookfield Corporation Announces Results of Conversion of its Series 40 Preferred Shares
Brookfield (NYSE: BN, TSX: BN) has announced the results of the conversion of its Cumulative Class A Preference Shares, Series 40 (TSX: BN.PF.F) into Cumulative Class A Preference Shares, Series 41. The company reported that 29,920 Series 40 Shares were tendered for conversion, which is below the one million share threshold required to proceed with the conversion into Series 41 Shares. As a result, no conversion will take place, and holders of Series 40 Shares will retain their current shares.
Brookfield (NYSE: BN, TSX: BN) ha annunciato i risultati della conversione delle sue Azioni di Preferenza Class A Cumulative, Serie 40 (TSX: BN.PF.F) in Azioni di Preferenza Class A Cumulative, Serie 41. L'azienda ha riportato che 29.920 Azioni di Serie 40 sono state offerte per la conversione, il che è sotto la soglia di un milione di azioni richiesta per procedere con la conversione in Azioni di Serie 41. Di conseguenza, non avrà luogo alcuna conversione, e i detentori di Azioni di Serie 40 manterranno le loro azioni attuali.
Brookfield (NYSE: BN, TSX: BN) ha anunciado los resultados de la conversión de sus Acciones Preferentes Clase A Acumulativas, Serie 40 (TSX: BN.PF.F) en Acciones Preferentes Clase A Acumulativas, Serie 41. La compañía informó que 29,920 Acciones de la Serie 40 fueron ofrecidas para conversión, lo cual está por debajo del umbral de un millón de acciones necesario para proceder con la conversión en Acciones de la Serie 41. Como resultado, no se llevará a cabo ninguna conversión, y los tenedores de Acciones de la Serie 40 conservarán sus acciones actuales.
브룩필드(NYSE: BN, TSX: BN)는 누계 클래스 A 우선주 시리즈 40(TSX: BN.PF.F)의 시리즈 41로의 전환 결과를 발표했습니다. 회사는 29,920개의 시리즈 40 주식이 전환을 위해 제출되었으며, 이는 시리즈 41 주식으로 전환하기 위해 필요한 100만 주 임계값 미만임을 보고했습니다. 이에 따라, 전환은 이루어지지 않을 것이며, 시리즈 40 주식의 보유자는 현재의 주식을 유지하게 됩니다.
Brookfield (NYSE: BN, TSX: BN) a annoncé les résultats de la conversion de ses Actions Préférentielles Cumulatives de Classe A, Série 40 (TSX: BN.PF.F) en Actions Préférentielles Cumulatives de Classe A, Série 41. La société a rapporté que 29 920 Actions de la Série 40 ont été proposées pour conversion, ce qui est en dessous du seuil d'un million d'actions requis pour procéder à la conversion en Actions de la Série 41. En conséquence, aucune conversion n'aura lieu, et les détenteurs d'Actions de la Série 40 conserveront leurs actions actuelles.
Brookfield (NYSE: BN, TSX: BN) hat die Ergebnisse der Umwandlung seiner kumulierten Vorzugsaktien der Klasse A, Serie 40 (TSX: BN.PF.F) in kumulierte Vorzugsaktien der Klasse A, Serie 41 bekannt gegeben. Das Unternehmen berichtete, dass 29.920 Aktien der Serie 40 zur Umwandlung angeboten wurden, was unter der Schwelle von einer Million Aktien liegt, die erforderlich ist, um mit der Umwandlung in die Aktien der Serie 41 fortzufahren. Daher wird keine Umwandlung stattfinden, und die Inhaber der Aktien der Serie 40 werden ihre aktuellen Aktien behalten.
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BROOKFIELD, NEWS, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (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 40 (the “Series 40 Shares”) (TSX: BN.PF.F) into Cumulative Class A Preference Shares, Series 41 (the “Series 41 Shares”), there were 29,920 Series 40 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 41 Shares. Accordingly, there will be no conversion of Series 40 Shares into Series 41 Shares and holders of Series 40 Shares will retain their Series 40 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 www.bn.brookfield.com or contact:
| Media | Investor Relations |
| Kerrie McHugh | Linda Northwood |
| Tel: (212) 618-3469 | Tel: (416) 359-8647 |
| Email: kerrie.mchugh@brookfield.com | Email: linda.northwood@brookfield.com |
FAQ
How many Brookfield Series 40 Shares were tendered for conversion?
Will Brookfield (BN) convert Series 40 Shares into Series 41 Shares?
What was the minimum number of shares required for Brookfield 's Series 40 to Series 41 conversion?
What happens to holders of Brookfield (BN) Series 40 Shares after the failed conversion attempt?
