Brookfield Corporation completed an offering of 10,000,000 Cumulative Class A Preference Shares, Series 54 at $25.00 per share, for total gross proceeds of $250,000,000. The shares carry an initial dividend rate of $1.4125 per share, representing a 5.65% annual yield, with dividends payable quarterly. The transaction was announced in a prospectus supplement dated November 21, 2025 and closed on November 26, 2025.

After deducting underwriters’ fees and estimated expenses, net proceeds from the offering were $242,000,000. Brookfield intends to apply these proceeds to redeem its outstanding Class A Preference Shares, Series 44 on December 31, 2025. Until that redemption is completed, the company may temporarily use a portion of the funds to reduce short-term borrowings.

The offering was led by a syndicate of eleven underwriters: Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc., Manulife Wealth Inc., and Raymond James Ltd. Torys LLP acted as legal counsel to Brookfield Corporation, while Goodmans LLP served as legal counsel to the underwriters.