Brookfield Corporation secures TSX approval to repurchase up to 191 million shares, representing 10% of its public float.
Brookfield Corporation (BN) has received approval from the Toronto Stock Exchange to repurchase up to 191,034,672 Class A Limited Voting Shares, equivalent to 10% of its public float. The program runs from May 27 to May 26 of the following year and allows purchases on the TSX, NYSE, or alternative trading systems at market prices.
During the prior bid period starting in May 2025, the company bought 15,130,344 shares at a weighted average price of $41.51. Brookfield aims to maintain capital allocation flexibility, with repurchased shares either canceled or used for long-term incentive plans.
An automatic share purchase plan is expected to launch around June 15, enabling acquisitions during blackout periods. Management will conduct discretionary repurchases at other times, adhering to regulatory requirements.