BROOKFIELD, NEWS,
Under the normal course issuer bid, Brookfield is authorized to repurchase each respective series of the Preferred Shares as follows:
Series |
Ticker |
Issued and outstanding shares¹ |
Public float |
Average daily trading volume² |
Maximum number of shares subject to purchase³ |
|
| Series 2 | BN.PR.B | 10,220,175 | 10,220,175 | 5,043 | 1,022,018 | 1,260 |
| Series 4 | BN.PR.C | 3,983,910 | 3,983,910 | 2,342 | 398,391 | 1,000 |
| Series 13 | BN.PR.K | 8,792,596 | 8,792,596 | 7,227 | 879,260 | 1,806 |
| Series 17 | BN.PR.M | 7,840,204 | 7,840,204 | 2,753 | 784,020 | 1,000 |
| Series 18 | BN.PR.N | 7,681,088 | 7,681,088 | 2,762 | 768,109 | 1,000 |
| Series 24 | BN.PR.R | 10,808,027 | 10,808,027 | 5,654 | 1,080,803 | 1,413 |
| Series 26 | BN.PR.T | 9,770,928 | 9,770,928 | 4,981 | 977,093 | 1,245 |
| Series 28 | BN.PR.X | 9,233,927 | 9,233,927 | 3,344 | 923,393 | 1,000 |
| Series 30 | BN.PR.Z | 9,787,090 | 9,787,090 | 6,116 | 978,709 | 1,529 |
| Series 32 | BN.PF.A | 11,750,299 | 11,750,299 | 6,021 | 1,175,030 | 1,505 |
| Series 34 | BN.PF.B | 9,876,735 | 9,876,735 | 6,963 | 987,674 | 1,740 |
| Series 36 | BN.PF.C | 7,842,909 | 7,842,909 | 2,529 | 784,291 | 1,000 |
| Series 37 | BN.PF.D | 7,830,091 | 7,830,091 | 3,631 | 783,009 | 1,000 |
| Series 38 | BN.PF.E | 7,906,132 | 7,906,132 | 5,522 | 790,613 | 1,380 |
| Series 40 | BN.PF.F | 11,841,025 | 11,841,025 | 5,989 | 1,184,103 | 1,497 |
| Series 42 | BN.PF.G | 11,887,500 | 11,887,500 | 5,267 | 1,188,750 | 1,316 |
| Series 44 | BN.PF.H | 9,831,929 | 9,831,929 | 6,375 | 983,193 | 1,593 |
| Series 46 | BN.PF.I | 11,740,797 | 11,740,797 | 6,526 | 1,174,080 | 1,631 |
| Series 48 | BN.PF.J | 11,885,972 | 11,885,972 | 6,921 | 1,188,597 | 1,730 |
| Series 51 | BN.PF.K | 3,320,486 | 3,320,486 | 1,824 | 332,049 | 1,000 |
| Series 52 | BN.PF.L | 1,177,580 | 1,177,580 | 663 | 117,758 | 1,000 |
| ¹ Calculated as at ² Calculated for the six month period ended ³ In accordance with TSX rules, any daily repurchases on the TSX with respect to (i) the Series 4, Series 17, Series 18, Series 28, Series 36, Series 37, Series 51 and Series 52 Preferred Shares will be limited to 1,000 of the respective series and (ii) each of the other series of Preferred Shares (excluding the Series 4, Series 17, Series 18, Series 28, Series 36, Series 37, Series 51 and Series 52 Preferred Shares) will be limited to 25% of the average daily trading volume on the TSX of the respective Preferred Shares. |
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As of
Brookfield believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase Preferred Shares should they be trading in price ranges that do not fully reflect their value.
Brookfield intends to enter into an automatic share purchase plan on or about the week of
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Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the
In particular, the forward-looking information contained in this news release includes statements referring to potential future purchases by Brookfield of its Class A Preference Shares pursuant to the company’s normal course issuer bid and automatic purchase plan. Although Brookfield believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond Brookfield’s control, which may cause the actual results, performance or achievements of Brookfield to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business including as a result of COVID-19 and related global economic disruptions; (ii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates; (iii) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; and (iv) factors detailed from time to time in the documents filed by Brookfield with the securities regulators in
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