Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares

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[{"type":"text","content":"Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares\n\n\n\n BROOKFIELD, News, Aug. 15, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) today announced that the Toronto Stock Exchange (“TSX”) 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 (“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 (“Exchangeable Shares”). Brookfield Business Partners believes that the Units or the Exchangeable Shares 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.\n \n\n At the close of business on August 8, 2025, there were 88,828,512 Units and 69,996,738 Exchangeable Shares issued and outstanding. Brookfield Business Partners is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing up to 5% of the issued and outstanding Units and Exchangeable Shares, respectively, at the close of business on August 8, 2025. Under Brookfield Business Partners’ normal course issuer bids, it may purchase up to 10,076 Units and 11,100 Exchangeable Shares, respectively, on the TSX during any trading day, which represent 25% of the average daily trading volume of 40,306 Units and 44,400 Exchangeable Shares, respectively, on the TSX for the six months ended July 31, 2025.\n \n\n Purchases under each normal course issuer bid are authorized to commence on August 19, 2025 and will terminate on August 18, 2026, or earlier should Brookfield Business Partners L.P. or Brookfield Business Corporation complete its authorized purchases under each respective normal course issuer bid prior to such date.\n \n\n Under Brookfield Business Partners L.P.’s normal course issuer bid that commenced on August 19, 2024 and will expire on August 18, 2025, Brookfield Business Partners L.P. previously sought and received approval from the TSX to purchase up to 3,714,088 Units. As of August 8, 2025, Br...

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