Brookfield announced it has received approval from the Toronto Stock Exchange, or TSX, for the renewal of its normal course issuer bid to purchase up to 10% of the public float of each series of the Company’s outstanding Class A Preference Shares that are listed on the TSX. Purchases under the bid will be made on the open market through the facilities of the TSX and/or alternative Canadian trading systems. The period of the normal course issuer bid will extend from August 22, 2025 to August 21, 2026, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Preferred Shares purchased or such other price as may be permitted. All Preferred Shares acquired by Brookfield under this bid will be cancelled.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BN:
- Apollo’s insurer blames rivals for potential ‘related party’ conflicts, FT says
- Bill Ackman Pulls the Trigger on These 2 Magnificent 7 Stocks in Q2
- Brookfield Finance Inc. Announces $3.5 Billion Debt Securities Offering
- Brookfield Corporation Issues $650 Million in Senior Unsecured Notes
- Lone Pine buys UnitedHealth, EQT Corp