Brookfield Corporation receives tax exemption from Ontario Securities Commission | 20.11.24

BROOKFIELD NEWS November 20, 2024 (GLOBE NEWSWIRE) – Brookfield Corporation (NYSE: BN, TSX: BN) today announced that it has received a waiver from the Ontario Securities Commission to obtain a formal appraisal and minority shareholder approval of the Brookfield Asset Management Ltd corporate structure improvement agreement. (NYSE: BAM, TSX: BAM), as jointly announced by BN and BAM on October 31, 2024 (the “Arrangement”).

On November 1, 2024, BN filed a material change report (the “Material Change Report”) setting out the terms of the Agreement and the results of a formal appraisal prepared by KPMG LLP, an independent appraiser appointed by BAM’s Governance, Nomination and Compensation Committee. (“Grade”). The Material Change Report and Assessment is available on SEDAR+ under BN’s profile at www.sedarplus.ca and on EDGAR at www.sec.gov. Copies of the Material Change Report and/or Assessment will be provided free of charge to shareholders upon request.

About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on creating long-term wealth for institutions and individuals around the world. We have three core business lines: alternative asset management, wealth solutions and our operating lines, which are renewable energy, infrastructure, business and industrial services and real estate.

We have a track record of delivering annual returns of over 15% to shareholders for over 30 years, backed by our unrivaled investment and operating experience. Our conservatively managed balance sheet, extensive operating experience and global supply chain enable us to continually access unique opportunities. At the center of our success is the Brookfield ecosystem, based on the fundamental principle that every group at Brookfield benefits from being part of the broader organization. Brookfield Corporation shares are traded on the New York and Toronto exchanges (NYSE: BN, TSX: BN).

For more information, visit our website www.bn.brookfield.com or contact: