Brookfield Announces Results of Conversion of its Series 24 Preference Shares (opens original article in a new tab)

Brookfield announced that the conversion of its Series 24 Preference Shares to Series 25 Shares will not occur as the required threshold was not met, so holders will retain their Series 24 Shares.

• Brookfield's Series 24 Preference Shares did not meet the required threshold for conversion to Series 25 Shares
• 1,400 Series 24 Shares were tendered for conversion, below the one million needed
• Holders will retain their Series 24 Shares with no conversion to Series 25 Shares
• Brookfield is a global investment firm with operations in energy, infrastructure, private equity, and real estate