Brookfield to Issue CA$150 Million of Class A Preferred Shares

10:56 AM EDT, 10/15/2026 (MT Newswires) -- Brookfield (BN.TO, BN) said on Thursday that it agreed to issue 6 million Class A Preference Shares, Series 56, on a bought deal basis to a syndicate of underwriters for gross proceeds of CA$150 million. The Preferred Shares, Series 56 will be issued at a price of CA$25.00 each, said the company. The company also granted the underwriters an option to purchase up to an additional two-million preferred shares, Series 56 that would potentially increase the gross offering size to CA$200 million if exercised, it said. The company expects the offering to close on or about Oct. 22 and plans to use the net proceeds for general corporate purposes, it added. The company's shares were last seen up CA$0.16 at CA$51.29 on the Toronto Stock Exchange. Price: 51.29, Change: +0.16, Percent Change: +0.31