Brookfield to Issue CAD 150 Million in Preferred Shares

• Brookfield to issue 6,000,000 Class A Preference Shares, Series 56 at CAD 25 each, raising CAD 150 million through a bought deal.
• Underwriters’ option for 2,000,000 additional shares could increase gross proceeds to CAD 200 million.
• Cumulative quarterly fixed dividends yield 5.65% annually through December 31, 2031.
• Subsequent five-year resets set dividends at the greater of 5.65% or the five-year Government of Canada bond yield plus 2.15%.
• Closing expected around October 22, 2026, with net proceeds earmarked for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brookfield Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202610150931CANADANWCANADAPR_C6029) on October 15, 2026, and is solely responsible for the information contained therein.