Brookfield Corp. sells 8.6M shares in capital of TransAlta

Brookfield, through its renewable power and transition business, alongside institutional partners, sold in aggregate 8,600,000 common shares in the capital of TransAlta (TAC) Corporation on the Toronto Stock Exchange for aggregate gross cash consideration of approximately C$168,990,000, at a price of C$19.65 per Common Share. Prior to giving effect to the Transaction, Brookfield owned or had control over an aggregate of 35,523,345 Common Shares representing approximately 11.9% of the issued and outstanding Common Shares, calculated on an undiluted basis. Following the Transaction, Brookfield owned or had control over an aggregate of 26,923,345 Common Shares, representing approximately 9% of the issued and outstanding Common Shares, calculated on an undiluted basis, a decrease of approximately 2.9%