Brookfield Business Partners renews normal course issuer bids

Brookfield Business Partners announced that the Toronto Stock Exchange has accepted a notice filed by the company of its intention to renew its normal course issuer bid for its limited partnership units and another for its class A exchangeable subordinate voting shares. Brookfield Business Partners is authorized to repurchase up to 3,730,658 Units and 3,647,745 Exchangeable Shares, representing up to 5% of the issued and outstanding Units and Exchangeable Shares, respectively. At the close of business on August 8, 2023, there were 74,613,176 Units and 72,954,912 Exchangeable Shares issued and outstanding. Repurchases under each normal course issuer bid are authorized to commence on August 17, 2023 and will terminate on August 16, 2024, or earlier should Brookfield Business Partners or Brookfield Business complete repurchases under each respective normal course issuer bid prior to such date. No Exchangeable Shares were purchased under Brookfield Business Corporation’s previous normal course issuer bid in the past twelve months.