Brookfield Corporation Announces Renewal of Normal Course Issuer Bid

About this update from Brookfield Asset Management Inc

BROOKFIELD, NEWS, May 25, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 191,034,672 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made on the open market through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems. The period of the normal course issuer bid will extend from May 27, 2026 to May 26, 2027, or an earlier date should Brookfield complete its purchases. Brookfield will pay the market price at the time of acquisition for any Class A Shares purchased or such other price as may be permitted. As at May 15, 2026 the number of Class A Shares issued and outstanding totaled 2,450,808,038 of which 1,910,346,718 shares represented the public float. In accordance with the rules of the TSX, the maximum daily purchase on the TSX under this bid will be 722,889 Class A Shares, which is 25% of 2,891,559 (the average daily trading volume for Class A Shares on the TSX for the six months ended April 30, 2026). Of the 143,027,158 Class A Shares approved for purchase under Brookfield’s prior normal course issuer bid that commenced on May 27, 2025 and will expire on May 26, 2026, Brookfield did not make any purchases on the TSX. Brookfield completed a 3-for-2 stock split on October 9, 2025. Between the period May 27 to October 9, 2025, Brookfield purchased 916,362 Class A Shares on the NYSE on a pre-split basis. Between October 10, 2025 and May 15, 2026, 13,755,801 Class A Shares were purchased by Brookfield on the NYSE on a post-split basis. In total, Brookfield purchased 15,130,344 Class A Shares on a post-split basis at a weighted average per share price of US$ 41.51. Brookfield is renewing its normal course issuer bid because it will provide the flexibility to use available funds to acquire its Class A Shares where it aligns with Brookfield’s investment and capital allocation strategies. 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 incentiv...

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