Brookfield Corporation (TSE:BN) has released an update.
Brookfield Corporation has set a new fixed dividend rate for its Series 34 Preference Shares at 6.145% annually, starting April 1, 2024, for the next five years, with an option for shareholders to convert these into Series 35 Shares offering a floating dividend rate. The conversion option is open until March 18, 2024, and the Series 35 Shares will start with a quarterly dividend rate of 1.89754% for the first period. The Toronto Stock Exchange has conditionally approved the listing of the Series 35 Shares, contingent upon Brookfield meeting all listing requirements.
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