Brookfield Business Partners announces renewal of normal course issuer bid

Brookfield Business Partners announced that the Toronto Stock Exchange has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares. Brookfield Business Partners believes that the Units or the Exchangeable Shares, respectively, may from time to time trade in a price range that does not fully reflect their value and that, in such circumstances, the acquisition of Units or Exchangeable Shares, as applicable, may represent an attractive use of available funds. Brookfield Business Partners is authorized to purchase up to 3,714,088 Units and 3,647,722 Exchangeable Shares, representing up to 5% of the issued and outstanding Units and Exchangeable Shares, respectively. At the close of business on August 8, 2024, there were 74,281,766 Units and 72,954,447 Exchangeable Shares issued and outstanding. Under Brookfield Business Partners’ normal course issuer bids, it may purchase up to 10,340 Units and up to 5,184 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 41,360 Units and 20,738 Exchangeable Shares on the TSX for the six months ended July 31, 2024. Purchases under each normal course issuer bid are authorized to commence on August 19, 2024 and will terminate on August 18, 2025, or earlier should Brookfield Business Partners L.P. or Brookfield Business Corporation complete purchases under each respective normal course issuer bid prior to such date.