{"id":785775,"date":"2023-09-22T16:12:00","date_gmt":"2023-09-22T20:12:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-corporation-announces-results-of-conversion-of-its-series-32-preferred-shares\/"},"modified":"2023-09-22T16:12:00","modified_gmt":"2023-09-22T20:12:00","slug":"brookfield-corporation-announces-results-of-conversion-of-its-series-32-preferred-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-corporation-announces-results-of-conversion-of-its-series-32-preferred-shares\/","title":{"rendered":"Brookfield Corporation Announces Results of Conversion of its Series 32 Preferred Shares"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BROOKFIELD, NEWS, Sept.  22, 2023  (GLOBE NEWSWIRE) &#8212; Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 32 (the \u201cSeries 32 Shares\u201d) (TSX: BN.PF.A) into Cumulative Class A Preference Shares, Series 33 (the \u201cSeries 33 Shares\u201d), there were 177,688 Series 32 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 Shares. Accordingly, there will be no conversion of Series 32 Shares into Series 33 Shares and holders of Series 32 Shares will retain their Series 32 Shares.<\/p>\n<p align=\"justify\">\n        <strong>About Brookfield Corporation<\/strong>\n      <\/p>\n<p align=\"justify\">Brookfield Corporation (NYSE: BN, TSX: BN) is focused on compounding capital over the long term to earn attractive total returns for our shareholders. Today, our capital is deployed across three businesses \u2013 Asset Management, Insurance Solutions and our Operating Businesses, generating substantial and growing free cash flows, all of which is underpinned by a conservatively capitalized balance sheet.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\">For more information, please contact:<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%\">\u00a0<\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\n            <strong>Communications &amp; Media<\/strong>\n          <\/td>\n<td>\n            <strong>Investor Relations<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td>Kerrie McHugh Hayes<\/td>\n<td>Linda Northwood<\/td>\n<\/tr>\n<tr>\n<td>Tel: (212) 618-3469<\/td>\n<td>Tel: (416) 359-8647<\/td>\n<\/tr>\n<tr>\n<td>Email: kerrie.mchugh@brookfield.com<\/td>\n<td>Email: linda.northwood@brookfield.com<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyNzA5NSM1ODI4Mzg2IzIwMDk5Njg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NDQ0MzRkMGEtOGU1OS00MTMxLWE3OWItNDViYWJhMTM1MGFlLTEwMjE1NDE=\/tiny\/Brookfield-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BROOKFIELD, NEWS, Sept. 22, 2023 (GLOBE NEWSWIRE) &#8212; Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 32 (the \u201cSeries 32 Shares\u201d) (TSX: BN.PF.A) into Cumulative Class A Preference Shares, Series 33 (the \u201cSeries 33 Shares\u201d), there were 177,688 Series 32 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 Shares. Accordingly, there will be no conversion of Series 32 Shares into Series 33 Shares and holders of Series 32 Shares will retain their Series 32 Shares. About Brookfield Corporation Brookfield Corporation (NYSE: BN, TSX: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-corporation-announces-results-of-conversion-of-its-series-32-preferred-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Brookfield Corporation Announces Results of Conversion of its Series 32 Preferred Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-785775","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brookfield Corporation Announces Results of Conversion of its Series 32 Preferred Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-corporation-announces-results-of-conversion-of-its-series-32-preferred-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Corporation Announces Results of Conversion of its Series 32 Preferred Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BROOKFIELD, NEWS, Sept. 22, 2023 (GLOBE NEWSWIRE) &#8212; Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 32 (the \u201cSeries 32 Shares\u201d) (TSX: BN.PF.A) into Cumulative Class A Preference Shares, Series 33 (the \u201cSeries 33 Shares\u201d), there were 177,688 Series 32 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 Shares. Accordingly, there will be no conversion of Series 32 Shares into Series 33 Shares and holders of Series 32 Shares will retain their Series 32 Shares. 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Accordingly, there will be no conversion of Series 32 Shares into Series 33 Shares and holders of Series 32 Shares will retain their Series 32 Shares. 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