Brookfield Corporation Announces Renewal of Normal Course Issuer Bid

Strategic Insights -

Brookfield Corporation has announced the renewal of its normal course issuer bid, allowing the company to purchase up to 143,027,158 Class A Limited Voting Shares, representing 10% of the public float of the company's outstanding Class A Shares. This bid will run from May 27, 2025, to May 26, 2026, or until the company completes its purchases. The acquisition will be made on the open market through the Toronto Stock Exchange, the New York Stock Exchange, and/or alternative trading systems.

Key Takeaways:

  • Brookfield Corporation has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to purchase up to 143,027,158 Class A Limited Voting Shares.
  • The bid will run from May 27, 2025, to May 26, 2026, or until the company completes its purchases.
  • The maximum daily purchase on the Toronto Stock Exchange under this bid will be 456,420 Class A Shares.
  • As of May 15, 2025, the number of Class A Shares issued and outstanding totaled 1,647,846,059, with 1,430,271,580 shares representing the public float.
  • Brookfield purchased 22,200,979 Class A Shares under its prior normal course issuer bid as of May 15, 2025, through open market purchases on the TSX and NYSE.
  • The weighted average price that Brookfield paid per Class A Share acquired under this bid was US$51.20.
  • Brookfield is renewing its normal course issuer bid because it believes that the market price of its Class A Shares may not fully reflect the underlying value of its business and its future business prospects.
  • All Class A Shares acquired by Brookfield under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield's long-term incentive plans.
  • Brookfield intends to enter into an automatic share purchase plan on or about the week of June 16, 2025, in relation to the normal course issuer bid.

Statistics:

  • 143,027,158 - The maximum number of Class A Limited Voting Shares that Brookfield Corporation can purchase under the normal course issuer bid.
  • 10% - The percentage of the public float of the company's outstanding Class A Shares that can be purchased under this bid.
  • 456,420 - The maximum daily purchase on the Toronto Stock Exchange under this bid.
  • 1,647,846,059 - The total number of Class A Shares issued and outstanding as of May 15, 2025.
  • 1,430,271,580 - The number of Class A Shares representing the public float as of May 15, 2025.
  • 22,200,979 - The number of Class A Shares purchased by Brookfield under its prior normal course issuer bid as of May 15, 2025.
  • 19,365,424 - The number of Class A Shares purchased through open market purchases on the NYSE as of May 15, 2025.
  • 2,835,555 - The number of Class A Shares purchased through open market purchases on the TSX as of May 15, 2025.
  • US$51.20 - The weighted average price that Brookfield paid per Class A Share acquired under this bid.

Sources:

  • GlobeNewswire, "Brookfield Corporation Announces Renewal of Normal Course Issuer Bid," May 23, 2025 (available at http://globenewswire.com/news-release/2025/05/23/26/05/00/8035760/0/en/Brookfield-Corporation-Announces-Renewal-of-Normal-Course-Issuer-Bid.html)
  • Brookfield Corporation, "About Brookfield Corporation" (available at http://www.brookfield.com)