Brookfield to Issue CAD 150 Million in Preferred Shares
Bitget2026/10/15 13:32- Brookfield to issue 6,000,000 Class A Preference Shares, Series 56 at CAD 25 each, raising CAD 150 million through a bought deal.
- Underwriters’ option for 2,000,000 additional shares could increase gross proceeds to CAD 200 million.
- Cumulative quarterly fixed dividends yield 5.65% annually through December 31, 2031.
- Subsequent five-year resets set dividends at the greater of 5.65% or the five-year Government of Canada bond yield plus 2.15%.
- Closing expected around October 22, 2026, with net proceeds earmarked for general corporate purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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