{"id":982403,"date":"2026-07-16T20:30:31","date_gmt":"2026-07-17T00:30:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-announces-shareholder-approval-of-transaction-to-simplify-corporate-structure-and-results-of-2026-annual-and-special-meeting\/"},"modified":"2026-07-16T20:30:31","modified_gmt":"2026-07-17T00:30:31","slug":"brookfield-announces-shareholder-approval-of-transaction-to-simplify-corporate-structure-and-results-of-2026-annual-and-special-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-announces-shareholder-approval-of-transaction-to-simplify-corporate-structure-and-results-of-2026-annual-and-special-meeting\/","title":{"rendered":"Brookfield Announces Shareholder Approval of Transaction to Simplify Corporate Structure and Results of 2026 Annual and Special Meeting"},"content":{"rendered":"
\n

BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) — Brookfield Corporation (\u201cBrookfield\u201d) (NYSE: BN, TSX: BN)<\/strong> today announced that the transaction to simplify its corporate structure (the \u201cTransaction\u201d) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the \u201cMeeting\u201d). Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol \u201cBN\u201d, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals.\u00a0<\/p>\n

In addition, Brookfield announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (\u201cClass A Shares\u201d) and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (\u201cClass B Shares\u201d) were elected at the Meeting. Detailed results of the vote for the election of directors are set out below.<\/p>\n

Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated by this shareholder class:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n Director Nominee<\/strong>\n <\/td>\n\n Votes For<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n\n Votes Withheld<\/strong>\n <\/td>\n\n %<\/strong>\n <\/td>\n<\/tr>\n
M. Elyse Allan<\/td>\n1,670,838,791<\/td>\n99.33<\/td>\n11,198,848<\/td>\n0.67<\/td>\n<\/tr>\n
Ang Eng Seng<\/td>\n1,680,919,871<\/td>\n99.93<\/td>\n1,117,768<\/td>\n0.07<\/td>\n<\/tr>\n
Janice Fukakusa<\/td>\n1,654,108,195<\/td>\n98.34<\/td>\n27,929,444<\/td>\n1.66<\/td>\n<\/tr>\n
Maureen Kempston Darkes<\/td>\n1,642,627,741<\/td>\n97.66<\/td>\n39,409,898<\/td>\n2.34<\/td>\n<\/tr>\n
Frank J. McKenna<\/td>\n1,528,459,767<\/td>\n90.87<\/td>\n153,577,872<\/td>\n9.13<\/td>\n<\/tr>\n
Hutham S. Olayan<\/td>\n1,666,734,576<\/td>\n99.09<\/td>\n15,303,063<\/td>\n0.91<\/td>\n<\/tr>\n
Satish C. Rai<\/td>\n1,675,269,587<\/td>\n99.60<\/td>\n6,768,052<\/td>\n0.40<\/td>\n<\/tr>\n
Diana L. Taylor<\/td>\n1,594,363,482<\/td>\n94.79<\/td>\n87,674,157<\/td>\n5.21<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated by this shareholder class:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n Director Nominee<\/strong>\n <\/td>\n\n Votes For %<\/strong>\n <\/td>\n<\/tr>\n
Howard S. Marks<\/td>\n100.0<\/td>\n<\/tr>\n
Rafael Miranda<\/td>\n100.0<\/td>\n<\/tr>\n
Lord O’Donnell<\/td>\n100.0<\/td>\n<\/tr>\n
Jeffrey M. Blidner<\/td>\n100.0<\/td>\n<\/tr>\n
Jack L. Cockwell<\/td>\n100.0<\/td>\n<\/tr>\n
Bruce Flatt<\/td>\n100.0<\/td>\n<\/tr>\n
Brian D. Lawson<\/td>\n100.0<\/td>\n<\/tr>\n
Samuel J.B. Pollock<\/td>\n100.0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the Meeting is available on EDGAR at www.sec.gov\/edgar<\/a> or SEDAR+ at www.sedarplus.ca<\/a>.<\/p>\n

\n About Brookfield Corporation<\/strong>\n <\/p>\n

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.<\/p>\n

We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).<\/p>\n

\n For more information, please visit our website at\u00a0<\/strong>
\n
\n bn.brookfield.com<\/strong>
\n <\/a>
\n \u00a0or contact:<\/strong>\n <\/p>\n\n\n\n
\n Communications & Media:<\/strong>
\n
Kerrie McHugh
Tel: (212) 618-3469
Email:\u00a0kerrie.mchugh@brookfield.com<\/a><\/td>\n		\n Investor Relations:<\/strong>
\n
Katie Battaglia
Tel: (416) 359-8544
Email:\u00a0katie.battaglia@brookfield.com<\/a><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n Forward-Looking Statements<\/em>
\n <\/strong>\n <\/p>\n

\n This news release contains \u201cforward-looking information\u201d within the meaning of Canadian provincial securities laws and \u201cforward-looking statements\u201d within the meaning of applicable U.S. securities laws (collectively, \u201cforward-looking statements\u201d). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and reflect management\u2019s current estimates, beliefs and assumptions, which are based on management\u2019s perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Forward-looking statements are typically identified by words such as \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cforesee,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cwill,\u201d \u201cmay\u201d and similar expressions. In particular, the forward-looking statements in this news release include statements regarding the expected closing of the Transaction and receipt of related regulatory approvals.<\/em>\n <\/p>\n

\n These forward-looking statements are based on reasonable estimates, beliefs and assumptions, but are subject to significant business, economic, competitive and other risks and uncertainties, described from time to time in Brookfield\u2019s filings with securities regulators in Canada and the United States, that could cause actual results to differ materially from those contemplated or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements.<\/em>\n <\/p>\n

\n
\n \u00a0<\/strong>
\n <\/strong>\n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) — Brookfield Corporation (\u201cBrookfield\u201d) (NYSE: BN, TSX: BN) today announced that the transaction to simplify its corporate structure (the \u201cTransaction\u201d) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the \u201cMeeting\u201d). Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol \u201cBN\u201d, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals.\u00a0 In addition, Brookfield announced that all eight nominees proposed for election to the board of directors by holders of Class A … <\/p>\n

Continue reading “Brookfield Announces Shareholder Approval of Transaction to Simplify Corporate Structure and Results of 2026 Annual and Special Meeting”<\/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-982403","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBrookfield Announces Shareholder Approval of Transaction to Simplify Corporate Structure and Results of 2026 Annual and Special Meeting - 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-announces-shareholder-approval-of-transaction-to-simplify-corporate-structure-and-results-of-2026-annual-and-special-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Announces Shareholder Approval of Transaction to Simplify Corporate Structure and Results of 2026 Annual and Special Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) — Brookfield Corporation (\u201cBrookfield\u201d) (NYSE: BN, TSX: BN) today announced that the transaction to simplify its corporate structure (the \u201cTransaction\u201d) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the \u201cMeeting\u201d). 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Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol \u201cBN\u201d, will be the new parent entity of the group. 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