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Brookfield resets dividend rate on Series 24 preference shares starting July 2026.

Company Fundamentals
01 Jun 2026
Na
View Source
Neutral
pluang ai news

Brookfield Corporation announced a reset of the fixed quarterly dividend rate on its Series 24 Cumulative Class A Preference Shares to an annual rate of 5.432%, effective from July 1, 2026, through June 30, 2031. Shareholders have the option to convert their Series 24 shares into Series 25 shares, which pay floating quarterly dividends based on the Government of Canada treasury bill yield plus 2.30%. The conversion option must be exercised by June 15, 2026, with the new Series 25 shares effective June 30, 2026. This move offers shareholders flexibility and aligns dividend payments with market interest rates going forward.

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