Brookfield to issue C$150M in preferred shares

The shares carry a 5.65% annual fixed dividend through December 31, 2031, followed by five-year resets under a stated minimum-rate formula.

Rhea-AI Filing Summary

Brookfield Corporation announced it has agreed to issue 6,000,000 Class A Preference Shares, Series 56, at C$25.00 each, for C$150,000,000 in aggregate gross proceeds on a bought deal basis. The underwriters may purchase up to an additional 2,000,000 shares under an option exercisable until 48 hours before closing; if exercised, gross offering size would be C$200,000,000.

Holders will be entitled to a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2031. Thereafter, the rate will reset every five years to the greater of the 5-year Government of Canada bond yield plus 2.15% or 5.65%. The shares will be offered in all provinces of Canada and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption. Brookfield intends to use net proceeds for general corporate purposes, and the offering is expected to close on or about October 22, 2026.

Key Figures

Series 56 preferred shares: 6,000,000 shares Issue price: C$25.00 per share Aggregate gross proceeds: C$150,000,000 +5 more

8 metrics

Series 56 preferred shares 6,000,000 shares Agreed issuance on a bought deal basis

Issue price C$25.00 per share Series 56 preferred shares

Aggregate gross proceeds C$150,000,000 Offering of 6,000,000 shares

Underwriters' option Up to an additional 2,000,000 shares Option exercisable until 48 hours before closing

Gross offering size if option exercised C$200,000,000 Conditional on exercise of the underwriters' option

Initial annual dividend yield 5.65% annually Initial period ending December 31, 2031

Dividend reset spread 2.15% Added to the 5-year Government of Canada bond yield in the reset formula

Expected closing On or about October 22, 2026 Offering

Key Terms

bought deal basis, cumulative quarterly fixed dividend, Base Shelf Prospectus, Prospectus Supplement

4 terms

bought deal basis financial

"issue ... on a bought deal basis"

An offering done on a bought deal basis is one where an underwriter or syndicate agrees to buy the entire new securities issue from the company up front, taking the risk of reselling those shares or bonds to investors. It matters to investors because it gives the issuer quick, certain access to cash and shifts price and timing risk to the underwriters—think of it like a store selling its whole seasonal stock to a wholesaler who then resells it to customers.

cumulative quarterly fixed dividend financial

"entitled to receive a cumulative quarterly fixed dividend"

A cumulative quarterly fixed dividend is a set payment that a company promises to pay holders of certain shares every three months at a fixed amount or rate; if the company skips a payment, the missed amounts stack up and must be paid later before common shareholders receive dividends. Think of it like a standing monthly bill the company owes investors — it provides predictable income and extra protection for investors because unpaid amounts accumulate and take payment priority, which can affect a company’s cash flow and the market value of those shares.

Base Shelf Prospectus regulatory

"existing short form base shelf prospectus"

A base shelf prospectus is a pre-approved regulatory document that lets a company register a range of securities once and then sell them to the public over time without repeating the full approval process for each offering. For investors it’s like a menu and standing permission slip: it lays out the types of securities, key risks and terms ahead of any specific sale, so buyers can assess potential dilution, timing and the company’s plans before new shares or debt hit the market.

Prospectus Supplement regulatory

"by way of a supplement"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BN Series 56 preferred shares is Brookfield issuing?

Brookfield agreed to issue 6,000,000 shares at C$25.00 per share, for aggregate gross proceeds of C$150,000,000, on a bought deal basis.

What dividend will Brookfield's Series 56 preferred shares pay?

The shares will carry a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2031. After that, the rate resets every five years to the greater of the 5-year Government of Canada bond yield plus 2.15% or 5.65%.

Can the underwriters purchase additional BN Series 56 preferred shares?

The underwriters have an option to purchase up to an additional 2,000,000 shares, exercisable until 48 hours before closing. If exercised, gross offering size would be C$200,000,000.

Where will Brookfield offer the Series 56 preferred shares?

The shares will be offered in all provinces of Canada. They may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from registration requirements.

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

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO

RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-15160

BROOKFIELD CORPORATION

(Name of Registrant)

Brookfield Place
Suite 100
181 Bay Street, P.O. Box 762
Toronto, Ontario, Canada M5J 2T3
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☐    Form 40-F ☒

EXHIBIT INDEX

Exhibit		Description
99.1		Press Release, dated October 15, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	BROOKFIELD CORPORATION
Date: October 15, 2026	By:	/s/ Swati Mandava
		Name: Swati Mandava Title: Managing Director, Legal & Regulatory and Corporate Secretary

Exhibit 99.1

Press Release  

All amounts in Canadian dollars unless otherwise stated.

Brookfield Corporation to Issue C$150 Million of Preferred Shares

Not for distribution to U.S. news wire services or dissemination in the United States.

THE BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE SHELF PROSPECTUS SUPPLEMENT FOR THE PUBLIC OFFERING AND ANY AMENDMENTS TO THOSE DOCUMENTS WILL BE ACCESSIBLE, WITHIN TWO BUSINESS DAYS, THROUGH SEDAR+

BROOKFIELD, NEWS, October 15, 2026 – Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it has agreed to issue 6,000,000 Class A Preference Shares, Series 56 (“Preferred Shares, Series 56”) on a bought deal basis to a syndicate of underwriters (the “Underwriters”) led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank and TD Securities Inc. for distribution to the public. The Preferred Shares, Series 56 will be issued at a price of C$25.00 per share, for aggregate gross proceeds of C$150,000,000 (the “Offering”). Holders of the Preferred Shares, Series 56 will be entitled to receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2031. Thereafter, the dividend rate will be reset every five years at a rate equal to the greater of: (i) the 5-year Government of Canada bond yield plus 2.15% and (ii) 5.65%.

In connection with the Offering, Brookfield has granted the Underwriters an option, exercisable until 48 hours prior to closing, to purchase up to an additional 2,000,000 Preferred Shares, Series 56 which, if exercised, would increase the gross offering size to C$200,000,000. The Preferred Shares, Series 56 will be offered in all provinces of Canada by way of a supplement (the “Prospectus Supplement”) to Brookfield’s existing short form base shelf prospectus dated December 19, 2025 (the “Base Shelf Prospectus”). The Preferred Shares, Series 56 may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.

Brookfield intends to use the net proceeds from the Offering for general corporate purposes. The Offering is expected to close on or about October 22, 2026.

Access to the Prospectus Supplement, the Base Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendments to those documents. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, the Base Shelf Prospectus and any amendments to those documents may be obtained, without charge, from any of the joint bookrunners by contacting RBC Capital Markets by email at Distribution.RBCDS@rbccm.com, BMO Capital Markets by email at torbramwarehouse@datagroup.ca, CIBC Capital Markets by email at mailbox.canadianprospectus@cibc.com, National Bank Financial Inc. by email at NBF-Syndication@bnc.ca, Scotiabank by email at equityprospectus@scotiabank.com, and TD Securities Inc. by email at sdcconfirms@td.com.

Prospective investors should read the Base Shelf Prospectus and the Prospectus Supplement (when filed) in their entirety before making an investment decision.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Preferred Shares, Series 56 described in this news release, nor will there be any sale of these Preferred Shares, Series 56 in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The Preferred Shares, Series 56 being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the base shelf prospectus or the prospectus supplement.

* * * * *

1 | Brookfield Corporation

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  

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the Offering, the expected use of proceeds from the Offering and the expected closing date of the Offering.

Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield, or that Brookfield currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

2 | Brookfield Corporation

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 16.9 KB