Brookfield resets dividend on Series 24 preferreds

Brookfield Corporation is resetting the dividend on its Cumulative Class A Preference Shares, Series 24 for the five years from July 1, 2026 to June 30, 2031 at an annual rate of 5.432%, equal to $0.3395 per share each quarter, if declared.

Rhea-AI Filing Summary

Brookfield Corporation is resetting the dividend on its Cumulative Class A Preference Shares, Series 24 for the five years from July 1, 2026 to June 30, 2031 at an annual rate of 5.432%, equal to $0.3395 per share each quarter, if declared.

Holders may instead convert Series 24 shares into Cumulative Class A Preference Shares, Series 25 on a one-for-one basis, with floating quarterly dividends set at 2.30% per year over the yield on three-month Government of Canada treasury bills. For the July 1 to September 30, 2026 period, the Series 25 dividend rate will be 1.16525% for the quarter (4.623% annualized), or $0.2913125 per share, if declared, payable on September 30, 2026.

Automatic conversion features apply if either series would have fewer than 1,000,000 shares outstanding after June 30, 2026. There are 10,808,027 Series 24 shares currently outstanding, and the Toronto Stock Exchange has conditionally approved the listing of the Series 25 shares upon conversion, subject to standard listing requirements.

Key Figures

Series 24 dividend rate: 5.432% annually Series 24 quarterly dividend: $0.3395 per share Series 25 spread over T-bills: 2.30% per year +5 more

8 metrics

Series 24 dividend rate 5.432% annually Fixed rate from July 1, 2026 to June 30, 2031

Series 24 quarterly dividend $0.3395 per share Quarterly amount at 5.432% annual rate, if declared

Series 25 spread over T-bills 2.30% per year Annual rate over three-month Government of Canada treasury bills

Series 25 Q3 2026 quarterly rate 1.16525% for the quarter Applies July 1 to September 30, 2026

Series 25 annualized rate Q3 2026 4.623% annually Derived from the 1.16525% quarterly rate

Series 25 Q3 2026 dividend $0.2913125 per share Dividend for July 1 to September 30, 2026, if declared

Series 24 shares outstanding 10,808,027 shares Current outstanding Cumulative Class A Preference Shares, Series 24

Automatic conversion threshold 1,000,000 shares Minimum outstanding for each of Series 24 and Series 25 after June 30, 2026

Key Terms

Cumulative Class A Preference Shares, Series 24, Cumulative Class A Preference Shares, Series 25, reset dividend rate, floating rate dividends, +2 more

6 terms

Cumulative Class A Preference Shares, Series 24 financial

"reset dividend rate on its Cumulative Class A Preference Shares, Series 24"

Cumulative Class A Preference Shares, Series 25 financial

"convert all or part of their Series 24 Shares into Cumulative Class A Preference Shares, Series 25"

reset dividend rate financial

"today announced the reset dividend rate on its Cumulative Class A Preference Shares, Series 24"

floating rate dividends financial

"The quarterly floating rate dividends on the Series 25 Shares will be paid at an annual rate"

Government of Canada treasury bills financial

"annual rate, calculated for each quarter, of 2.30% over the annual yield on three-month Government of Canada treasury bills"

conditionally approved the listing regulatory

"The Toronto Stock Exchange has conditionally approved the listing of the Series 25 Shares"

FAQ

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

What new dividend rate did Brookfield (BN) set for its Series 24 preference shares?

Brookfield set a fixed annual dividend rate of 5.432% on its Cumulative Class A Preference Shares, Series 24 from July 1, 2026 to June 30, 2031. This equals $0.3395 per share each quarter, if declared.

What conversion option do Brookfield (BN) Series 24 holders have in 2026?

Series 24 holders can convert all or part of their shares into Series 25 shares on a one-for-one basis, effective June 30, 2026. The option is exercisable by 5:00 p.m. Toronto time on June 15, 2026.

How are dividends on Brookfield (BN) Series 25 preference shares calculated?

Series 25 shares pay floating quarterly dividends at an annual rate of 2.30% over the yield on three-month Government of Canada treasury bills. The rate is reset each quarter based on the prevailing treasury bill yield.

What will the initial dividend be on Brookfield (BN) Series 25 shares in Q3 2026?

For July 1 to September 30, 2026, Series 25 shares will have a quarterly rate of 1.16525%, or 4.623% annualized. The dividend, if declared, will be $0.2913125 per share, payable on September 30, 2026.

How many Brookfield (BN) Series 24 preference shares are currently outstanding?

There are currently 10,808,027 Cumulative Class A Preference Shares, Series 24 outstanding. This figure matters because automatic conversion rules reference minimum outstanding amounts for Series 24 and Series 25 shares after June 30, 2026.

What conditions could trigger automatic conversion of Brookfield (BN) Series 24 or Series 25 shares?

If fewer than 1,000,000 Series 24 shares would remain after June 30, 2026, all remaining Series 24 shares will automatically convert into Series 25 shares. If fewer than 1,000,000 Series 25 shares would be outstanding, no Series 24 shares may convert.

Is the new Brookfield (BN) Series 25 issue approved for trading on the TSX?

The Toronto Stock Exchange has conditionally approved listing of the Series 25 shares, effective upon conversion. Final listing is subject to Brookfield satisfying all standard TSX listing requirements for the new series.

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

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Accepted by SEC EDGAR 06/01/2026 - 05:44 PM EDT Learn about SEC filing dates

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 June 2026

Commission File Number: 001-15160

BROOKFIELD CORPORATION
(Translation of registrant's name into English)

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 [ X ]

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated June 1, 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
		(Registrant)
Date: June 1, 2026		/s/ Swati Mandava
		Swati Mandava
		Managing Director, Legal & Regulatory

EXHIBIT 99.1

Brookfield Announces Reset Dividend Rate on Its Series 24 Preference Shares

All amounts in Canadian dollars unless otherwise stated.

BROOKFIELD, NEWS, June 01, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced the reset dividend rate on its Cumulative Class A Preference Shares, Series 24 (the “Series 24 Shares”) (TSX: BN.PR.R) for the five years commencing July 1, 2026 and ending June 30, 2031.

If declared, the fixed quarterly dividends on the Series 24 Shares during the five years commencing July 1, 2026 will be paid at an annual rate of 5.432% ($0.3395 per share per quarter).

Holders of Series 24 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on June 15, 2026, to convert all or part of their Series 24 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 25 (the “Series 25 Shares”), effective June 30, 2026. The quarterly floating rate dividends on the Series 25 Shares will be paid at an annual rate, calculated for each quarter, of 2.30% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the July 1, 2026 to September 30, 2026 dividend period for the Series 25 Shares will be 1.16525% (4.623% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.2913125 per share, payable on September 30, 2026.

Holders of Series 24 Shares are not required to elect to convert all or any part of their Series 24 Shares into Series 25 Shares.

As provided in the share conditions of the Series 24 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 24 Shares outstanding after June 30, 2026, all remaining Series 24 Shares will be automatically converted into Series 25 Shares on a one-for-one basis effective June 30, 2026; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 25 Shares outstanding after June 30, 2026, no Series 24 Shares will be permitted to be converted into Series 25 Shares. There are currently 10,808,027 Series 24 Shares outstanding.

The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 25 Shares effective upon conversion. Listing of the Series 25 Shares is subject to Brookfield fulfilling all the listing requirements of the TSX.

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 energy, infrastructure, private equity, and real estate.

We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled 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 contact:

Communications & 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

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 4.7 KB