BROOKFIELD Corp /ON/ (BN) Company Report

Brookfield Finance II Inc., a subsidiary of Brookfield Corporation, has authorized the issuance of 4.388% Notes due 2033 with an initial principal amount of CDN$350,000,000. Interest will be paid semi-annually on March 1 and September 1, commencing September 1, 2026.
Additionally, Brookfield Finance II Inc. has authorized 5.399% Notes due 2055 with an initial principal amount of CDN$650,000,000. Interest for these notes will be paid semi-annually on June 11 and December 11, commencing June 11, 2026.
Both series of notes are guaranteed by Brookfield Corporation and were established via supplemental indentures dated December 11, 2025.
The notes are redeemable at the Issuer's option and include a repurchase offer at 101% of principal plus accrued interest in the event of a Change of Control Triggering Event.

Dec 11, 2025, 9:20 PM

6-K

Brookfield Discusses Diversified Growth, AI Infrastructure, and 2026 Outlook

New Projects/Investments

M&A

Guidance Update

Brookfield operates as a leading global alternative asset manager with over $580 billion in fee-bearing capital and a rapidly expanding insurance business.
The firm reported $100 billion in fundraising for 2025 and $120 billion in 2024, anticipating larger fundraising in 2026 as major funds enter the market.
AI infrastructure is a significant focus, described as a multi-trillion dollar capital formation cycle, with Brookfield building out power and data center capabilities and raising a dedicated AI fund.
Brookfield invested $110 billion in 2025 and realized over $75 billion in sales through Q3 2025, projecting $75-$100 billion in monetizations for 2026.
The insurance business (BWS) is expected to grow to almost $200 billion in assets shortly, aiming for 15%+ ROEs by minimizing insurance risk and investing wisely, leveraging Brookfield Asset Management's capabilities.

Dec 9, 2025, 3:40 PM

Transcript

Brookfield Completes C$250 Million Preferred Share Issue

Brookfield Corporation completed a C$250 million issue of Class A Preference Shares, Series 54 on November 26, 2025.
A total of 10,000,000 Preferred Shares, Series 54 were issued at a price of C$25.00 per share, resulting in gross proceeds of C$250,000,000.
Holders of the new Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2030.
The net proceeds from this offering will be used to redeem all outstanding Cumulative Class A Preference Shares, Series 44 (TSX: BN.PF.H) at C$25.00 per share on December 31, 2025.

Nov 26, 2025, 1:03 PM

6-K

Brookfield Corporation to Issue C$200 Million in Preferred Shares and Redeem Series 44 Shares

Debt Issuance

Dividends

Brookfield Corporation (BN) announced an agreement to issue 8,000,000 Class A Preference Shares, Series 54 on a bought deal basis at a price of C$25.00 per share, for aggregate gross proceeds of C$200,000,000.
Holders of the Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period ending December 31, 2030.
The company plans to use the net proceeds from the offering to redeem a minimum of C$200,000,000 of its outstanding Cumulative Class A Preference Shares, Series 44, at a redemption price of C$25.00 per share on December 31, 2025.
Underwriters have an option to purchase an additional 2,000,000 Preferred Shares, Series 54, which, if fully exercised, would increase the gross offering size to C$250,000,000 and allow for the redemption of all Preferred Shares, Series 44.
The offering is expected to close on or about November 26, 2025.

Nov 19, 2025, 4:05 PM

6-K

Brookfield Corporation Reports Strong Q3 2025 Earnings and Strategic Acquisitions

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported Distributed Earnings (DE) before realizations of $1.3 billion, or $0.56 per share, for Q3 2025, and $5.4 billion, or $2.27 per share, for the last 12 months, representing an 18% increase over the prior year period.
The company announced an agreement to acquire the remaining 26% of Oaktree, bringing its ownership to 100%, with $1.4 billion funded by the corporation, and the transaction is expected to close in the first half of 2026.
The Wealth Solutions business delivered $420 million, or $0.18 per share, in distributed earnings for Q3 2025, reflecting 15% organic growth year-over-year, and expanded internationally with shareholder approval for the acquisition of Just Group in the U.K. and a reinsurance agreement in Japan.
Brookfield holds a record of almost $180 billion of deployable capital and has closed $75 billion of asset sales this year, positioning it to invest in secular trends like AI innovation, energy transition, and real estate recovery.
The outlook for carried interest anticipates a step-up in 2026, further increases in 2027, and a strong year in 2028, supported by a healthy transaction market.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Q3 2025 Earnings, Advances Strategic Acquisitions and Investments

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported strong financial results for Q3 2025, with Distributed Earnings (DE) before realizations of $1.3 billion, or $0.56 per share for the quarter, and $5.4 billion, or $2.27 per share over the last 12 months, representing an 18% increase over the prior year.
The company is advancing several strategic transactions, including the acquisition of the remaining 26% of Oaktree to reach 100% ownership, with $1.4 billion funded by the corporation and expected to close in the first half of 2026. Additionally, shareholder approval was received for the acquisition of Just Group in the UK, which is on track to close in the first half of 2026 and is expected to grow insurance assets by approximately $40 billion to $180 billion.
Brookfield is strategically investing in key growth areas, including a partnership with the U.S. government through Westinghouse to deliver $80 billion of new nuclear plants, and developing 1 gigawatt of power generation from fuel cells with Bloom Energy for AI data centers. The company also entered Japan's insurance market through a reinsurance agreement.
The company maintains a strong financial position with a record $178 billion of deployable capital at quarter-end. Year-to-date, Brookfield has financed $140 billion and completed $75 billion in asset sales. The company also repurchased over $950 million of shares year-to-date and declared a quarterly dividend of $0.06 per share.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Q3 2025 Results and Strategic Progress

Earnings

M&A

New Projects/Investments

Brookfield Corporation reported Distributed Earnings before realizations of $1.3 billion or $0.56 per share for Q3 2025, and $5.4 billion or $2.27 per share for the last 12 months, representing an 18% increase over the prior year.
The company ended Q3 2025 with a record of almost $180 billion in deployable capital and has financed $140 billion of debt and closed $75 billion of asset sales year-to-date.
Strategic initiatives include the acquisition of the remaining 26% of Oaktree, expected to close in H1 2026, and the acquisition of Just Group in the U.K., which will increase insurance assets by approximately $40 billion to $180 billion upon closing in H1 2026.
Brookfield is partnering with the U.S. government to deliver $80 billion of new nuclear plants, anticipates a step-up in carried interest in 2026, and has repurchased over $950 million of shares year-to-date.

Nov 13, 2025, 2:00 PM

Transcript

Brookfield Corporation Reports Strong Third Quarter Results and Record Deployable Capital

Earnings

M&A

Share Buyback

Brookfield Corporation reported strong Q3 2025 results, with Distributable Earnings before realizations increasing by 18% to $5.4 billion or $2.27 per share over the last twelve months.
The company ended the quarter with a record $178 billion of deployable capital. Its asset management business achieved record fee-related earnings of $754 million, a 17% increase from the prior year quarter, and attracted $30 billion in inflows.
Strategic initiatives include an agreement to acquire the remaining interest in Oaktree and the acquisition of U.K.-based Just Group, expected to close in the first half of 2026, which will increase total insurance assets to approximately $180 billion.
Brookfield returned $180 million to shareholders in Q3 2025 via regular dividends and share repurchases, having repurchased over $950 million of Class A shares year-to-date.

Nov 13, 2025, 11:45 AM

6-K

Brookfield to Acquire Remaining Interest in Oaktree

M&A

New Projects/Investments

Brookfield Corporation (BN) has agreed to acquire the remaining 26% interest in Oaktree that it does not already own, which will result in Brookfield owning 100% of Oaktree.
The total consideration for the proposed transaction is approximately $3 billion, with Brookfield Asset Management Ltd. (BAM) and BN funding approximately $1.6 billion and $1.4 billion, respectively.
The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals, and is anticipated to be accretive to both BAM and BN.
Oaktree common equity holders will have the option to elect consideration in cash, BAM shares, or BN shares, with BAM and BN shares subject to two-year and five-year lock-ups, respectively.
Key Oaktree leaders, including Howard Marks and Bruce Karsh, will continue in senior roles, with Mr. Marks remaining on the BN Board and Mr. Karsh joining the BAM Board.

Oct 14, 2025, 1:00 PM

6-K

Brookfield completes $1.25 billion refinancing for Five Manhattan West

Debt Issuance

New Projects/Investments

Brookfield Corporation announced the completion of a $1.25 billion refinancing for its Five Manhattan West property.
The refinancing is a five-year, 6.0% fixed-rate loan provided by a syndicate of leading financial institutions.
This transaction contributes to Brookfield's year-to-date total of over $28 billion in financings across its global real estate portfolio.
Five Manhattan West is a 1.7 million-square-foot trophy office tower that is fully leased to a diverse roster of global companies.