Brookfield’s Series 34 Share Conversion Does Not Proceed

Brookfield Corporation (TSE:BN) has released an update.

Brookfield Corporation reported that the conversion condition for its Series 34 Preferred Shares into Series 35 Shares was not met, as less than the required one million shares were tendered. Consequently, there will be no conversion, and shareholders will retain their current Series 34 Shares. The company is a prominent investment firm aiming for long-term wealth creation, with a targeted 15%+ annualized return for shareholders.

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