Brookfield Announces Intention to Redeem its Class A Preference Shares, Series 51 and 52

Brookfield plans to cash redeem its Series 51 and 52 preferred shares in late 2026 at stated per-share prices and a final dividend.

Rhea-AI Summary

Brookfield Corporation (BN) intends to redeem all of its Cumulative Redeemable Class A Preference Shares, Series 51 (TSX: BN.PF.K) and Series 52 (TSX: BN.PF.L) for cash on November 1, 2026.

The redemption price per Series 51 Share will be $22.44, plus all accrued and unpaid dividends up to but excluding the Redemption Date. The redemption price per Series 52 Share will be $22.00/b. Holders of Series 52 Shares of record on will also receive the previously declared final quarterly dividend of $0.151250 per share, payable on October 30, 2026. All amounts are in Canadian dollars unless otherwise stated.

Market Context

The platform record provides a 0.05% 24-hour precedent for BN's preferred-share communications. This...

Analysis

The platform record provides a 0.05% 24-hour precedent for BN's preferred-share communications. This redemption notice should be weighed against its series-specific cash terms and dividend treatment; execution through the stated process remains the key watchpoint.

Key Figures

Series 51 redemption date: November 1, 2026 Series 51 redemption price: $22.44 per share Series 52 redemption price: $22.00 per share +2 more

5 metrics

Series 51 redemption date November 1, 2026 Cash redemption

Series 51 redemption price $22.44 per share Plus accrued and unpaid dividends

Series 52 redemption price $22.00 per share Cash redemption

Series 52 final quarterly dividend $0.151250 per share Payable October 30, 2026

Series 52 dividend record date October 15, 2026 Previously declared final quarterly dividend

Historical Context

5 past events · Latest: Aug 31 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 31	Facility closure	Negative	-3.6%	GrafTech planned a permanent facility closure to reduce costs and align capacity.
Aug 19	Preferred share bid	Positive	+0.1%	Brookfield renewed its issuer bid for listed preferred shares.
Aug 17	Preferred unit dividends	Neutral	-2.5%	Brookfield Property Partners declared quarterly distributions on preferred units.
Aug 13	Earnings report	Positive	+1.0%	Brookfield reported higher distributable earnings and expanded capital formation.
Aug 5	Preferred unit dividends	Neutral	-1.3%	Brookfield Property Partners declared distributions on four preferred unit series.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive BN earnings news aligned with a gain, while recent preferred-unit dividend notices were followed by declines.

Key Terms

cumulative redeemable class a preference shares

1 terms

cumulative redeemable class a preference shares financial

"Cumulative Redeemable Class A Preference Shares, Series 51"

A cumulative redeemable Class A preference share is a type of preferred stock that pays fixed dividends which accumulate if the company skips payments, has redemption terms allowing the issuer (or sometimes the holder) to buy the shares back at a set price or date, and belongs to a designated 'Class A' series with specific rights that usually rank ahead of common stock for dividends and liquidation but often have limited or no voting power. For investors, it combines income priority and repayment features—like a bond with equity characteristics—so it matters for income reliability and claim order if the company faces financial trouble.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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All amounts in Canadian dollars unless otherwise stated.

BROOKFIELD, NEWS, Sept. 04, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it intends to redeem all of its Cumulative Redeemable Class A Preference Shares, Series 51 (the “Series 51 Shares”) (TSX: BN.PF.K) and all of its Cumulative Redeemable Class A Preference Shares, Series 52 (the “Series 52 Shares”) (TSX: BN.PF.L) for cash on November 1, 2026 (the “Redemption Date”). The redemption price for each Series 51 Share will be $22.44, together with all accrued and unpaid dividends up to but excluding the Redemption Date. The redemption price for each Series 52 Share will be $22.00. Holders of the Series 52 Shares of record as of October 15, 2026 will also receive the previously declared final quarterly dividend of $0.151250 per Series 52 Share, payable on October 30, 2026.

About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.

We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

For more information, please visit our website at www.bn.brookfield.com or contact:

Media: Kerrie McHugh Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com

Investor Relations: Katie Battaglia Tel: (416) 359-8544 Email: katie.battaglia@brookfield.com

FAQ

What did Brookfield (BN) announce about its Series 51 and Series 52 preferred shares?

Brookfield announced that it intends to redeem all of its Cumulative Redeemable Class A Preference Shares, Series 51 (BN.PF.K) and Series 52 (BN.PF.L), for cash on November 1, 2026, at specified per-share redemption prices.

When will Brookfield redeem its Series 51 and Series 52 preferred shares (BN)?

Brookfield intends to complete the cash redemption of its Cumulative Redeemable Class A Preference Shares, Series 51 and Series 52, on November 1, 2026, which is defined as the Redemption Date in the announcement.

What is the redemption price for Brookfield Series 51 preferred shares (BN.PF.K)?

Each Brookfield Series 51 preferred share (BN.PF.K) is expected to be redeemed for $22.44 in cash, together with all accrued and unpaid dividends up to but excluding the November 1, 2026 Redemption Date, all amounts in Canadian dollars.

What is the redemption price for Brookfield Series 52 preferred shares (BN.PF.L)?

Each Brookfield Series 52 preferred share (BN.PF.L) is expected to be redeemed for $22.00 in cash on November 1, 2026. This price does not include future dividends beyond the previously declared final quarterly dividend.

Will Brookfield Series 52 preferred shareholders receive a final dividend before redemption?

Yes. Holders of Brookfield Series 52 preferred shares of record on October 15, 2026 will receive the previously declared final quarterly dividend of $0.151250 per share, payable on October 30, 2026, ahead of the November 1, 2026 redemption.

In what currency are the Brookfield Series 51 and 52 redemption amounts stated?

All amounts related to the redemption of Brookfield’s Series 51 and Series 52 preferred shares, including per-share redemption prices and dividends, are stated in Canadian dollars, unless otherwise specified.