Brookfield Announces Results of Conversion of its Series 24 Preference Shares

Summary by AI BETAClose X

Brookfield Corporation announced that its Series 24 preference shares will not convert into Series 25 preference shares as only 1,400 shares were tendered for conversion, falling significantly short of the one million share threshold required for the conversion to proceed. Consequently, holders of the Series 24 shares will retain their existing holdings.

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