Brookfield Sets New Dividend Rates for Preference Shares

Brookfield Corporation (TSE:BN) has released an update.

Brookfield Corporation has announced a new fixed dividend rate for its Series 40 Preference Shares, offering a 5.833% annual rate effective October 2024. Shareholders have the option to convert these shares into Series 41 Shares, which will offer a floating dividend rate tied to government treasury bill yields. The company emphasizes its long-term wealth-building track record and diverse operations in alternative asset management, wealth solutions, and various service sectors.

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