Brookfield Corporation (TSE:BN) has released an update.
Brookfield Corporation has announced the renewal of its normal course issuer bid, permitting the repurchase of up to 10% of each series of its outstanding Class A Preference Shares over the year starting August 22, 2024. This strategic move is aimed at acquiring shares when they are undervalued in the market, thereby signaling confidence in the company’s value. With no Preferred Shares purchased under the current bid expiring August 21, 2024, Brookfield remains poised to enhance shareholder value through prudent buybacks.
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