- **Brookfield Business Corporation (BBUC)** and Brookfield Business Partners L.P. (BBU) announced plans on **September 25, 2025**, to simplify their corporate structure by converting into **one publicly traded Canadian corporation, BBU Inc.**.  **[1871130_0001104659-25-096697_tm2527934d1_ex99-1.htm:0]** 
- All BBU limited partnership units and BBUC class A exchangeable shares will be exchanged for **new Class A Shares of BBU Inc. on a one-for-one basis**, with the new shares expected to be listed on both the **New York Stock Exchange (NYSE)** and the **Toronto Stock Exchange (TSX)**.  **[1871130_0001104659-25-096697_tm2527934d1_ex99-1.htm:0]** 
- The transaction is anticipated to be completed during the **first quarter of 2026** and requires unitholder, shareholder, and customary regulatory approvals.  **[1871130_0001104659-25-096697_tm2527934d1_ex99-1.htm:0]** 
- Following the arrangement, BBU Inc. expects to pay an **annual dividend of $0.25 per share**, consistent with the current policies of BBU and BBUC.  **[1871130_0001104659-25-096697_tm2527934d1_ex99-1.htm:0]**

Brookfield Business (BBUC)