Brookfield Corporation - BN STOCK NEWS

Brookfield (NYSE: BN, TSX: BN) has announced the results of its Series 38 Preferred Shares conversion opportunity. The company received conversion notices for 42,035 Series 38 Shares to be converted into Series 39 Shares. However, since this number falls below the required minimum threshold of one million shares, the conversion will not proceed. As a result, current holders of Series 38 Shares will maintain their existing positions.

Brookfield (NYSE: BN, TSX: BN) has announced the completion of its annual regulatory filings for the fiscal year 2024. The company has submitted its Form 40-F, which includes audited financial statements and management's discussion and analysis for the year ended December 31, 2024, to both the SEC on EDGAR and Canadian securities authorities on SEDAR+.

The documents are accessible on Brookfield's website, and shareholders can request free hardcopies of these materials.

Walker & Dunlop has arranged a $176 million credit facility for seven single-family rental communities in the Atlanta, Georgia MSA. The portfolio encompasses 709 homes with 1.4 million rentable square feet across prime suburban locations including McDonough, Loganville, Cartersville, Hoschton, Dallas, and Jefferson.

The properties, situated within 30-55 miles from Atlanta's central business district, feature 3-, 4-, and 5-bedroom homes with premium amenities. The financing was secured through Brookfield Asset Management's Real Estate Credit group on behalf of institutional investors advised by J.P. Morgan Asset Management.

The deal highlights the growing demand for single-family rental properties in Atlanta's suburbs, driven by population growth, job creation, and a robust local economy. Walker & Dunlop's Capital Markets group has demonstrated significant activity, sourcing over $16 billion in non-Agency capital provider transactions in 2024.

Brookfield Residential and North America Sekisui House (NASH) have expanded their strategic partnership, with NASH investing in five Brookfield Residential master-planned communities. The partnership now manages approximately $1.6 billion in U.S. real estate assets and 30,000 single family lots.

The expansion extends their portfolio to high-growth regions including Austin, Phoenix, Denver, and Northern California, complementing nine existing markets. The partnership now spans 13 markets across 11 states, covering areas that produce approximately 50% of US single family permits.

This strategic expansion strengthens their market presence in residential land development and demonstrates their commitment to creating sustainable, high-quality planned communities across the nation.

Brookfield (NYSE: BN, TSX: BN) has announced new dividend rates for its Series 38 Preference Shares for April 1, 2025 to March 31, 2030. The fixed quarterly dividends will be paid at an annual rate of 5.185% ($0.3240625 per share per quarter).

Holders of Series 38 Shares have until March 17, 2025 (5:00 p.m. Toronto time) to convert their shares to Series 39 Shares on a one-for-one basis. Series 39 Shares will offer quarterly floating rate dividends at 2.55% over three-month Government of Canada treasury bills yield. For the April-June 2025 period, Series 39 dividend rate will be 5.388% annually ($0.3358275 per share).

Currently, there are 7,906,132 Series 38 Shares outstanding. If fewer than 1,000,000 shares remain in either series after March 31, 2025, automatic conversion rules will apply.

Brookfield (NYSE: BN, TSX: BN) has announced the pricing of a $500 million senior notes offering due 2055. The notes, to be issued by Brookfield Finance Inc., will carry an interest rate of 5.813% per annum and will be fully guaranteed by Brookfield

The offering is expected to close on March 3, 2025, subject to customary closing conditions. The net proceeds will be used for general corporate purposes. The notes are being offered under Brookfield's existing base shelf prospectus in the United States and Canada, with the U.S. offering made pursuant to a registration statement on Form F-10.

Brookfield (NYSE: BN, TSX: BN) reported record financial results for 2024, with distributable earnings before realizations increasing 15% to $4.9 billion ($3.07 per share). The company's asset management business saw inflows exceeding $135 billion, with fee-bearing capital growing 18% to $539 billion.

Key highlights include:

• Quarterly dividend increased by 13% to $0.09 per share
• Total distributable earnings reached $6.3 billion ($3.96/share)
• Insurance assets grew to over $120 billion
• Record $160 billion of capital available for deployment
• Completed nearly $40 billion in asset sales during 2024

The company's wealth solutions business nearly doubled its earnings compared to the previous year, benefiting from the American Equity Life acquisition and organic growth. Real estate operations showed strength with 4% same-store NOI growth and 35% higher rents on newly signed leases.

Brookfield (NYSE: BN, TSX: BN) has announced it will host its fourth quarter 2024 conference call and webcast on Thursday, February 13, 2025 at 10:00 am (ET). The financial results will be released before 7:00 am (ET) on the same day and will be accessible on the company's website.

Participants can join the event through either a conference call, which requires pre-registration for a dial-in number and unique PIN, or via webcast. The webcast replay will remain available for 90 days following the event.

Brookfield, through its renewable power and transition business, has sold 8,600,000 common shares of TransAlta on the Toronto Stock Exchange. The transaction was completed at C$19.65 per share, generating approximately C$168,990,000 in gross cash consideration.

Prior to the transaction, Brookfield owned 35,523,345 shares (11.9% of TransAlta). Following the sale, Brookfield's ownership decreased to 26,923,345 shares, representing approximately 9% of TransAlta's outstanding shares - a reduction of 2.9%. The disposition aligns Brookfield's share ownership with certain threshold agreements.

While there are no immediate plans for further sales, Brookfield maintains the flexibility to modify its position based on various factors including share price, transaction terms, liquidity needs, and diversification objectives.