Brookfield announces C$150 million offering for Brookfield Corp stock
Published on 10/17/2026 at 10:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSPreferred Share Offering Timeline
- Brookfield Corporation announced the Series 56 offering on October 15, 2026.
- The offering comprises 6,000,000 preferred shares and targets C$150,000,000 in gross proceeds.
- Brookfield expects the offering to close on or about October 22, 2026.
Brookfield Corporation announced on October 15, 2026, that it had agreed to issue 6,000,000 Class A Preference Shares, Series 56, in a bought deal. The offering targets C$150,000,000 in gross proceeds. Brookfield Corporation said the shares will carry a cumulative quarterly fixed dividend yielding 5.65 percent annually through December 31, 2031.
Market context: Market report S&P/TSX Composite.
The week in figures
The announced offering covers 6,000,000 preferred shares and C$150,000,000 in planned gross proceeds. Brookfield also granted the underwriters an option to buy up to 2,000,000 additional Series 56 shares, which would increase the offering to C$200,000,000.
Chronology of the week
On October 15, 2026, Brookfield Corporation announced the Series 56 offering and said it intends to use the net proceeds for general corporate purposes. The company said the offering is expected to close on or about October 22, 2026. The company release said the shares may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption.
Dates of the coming week
The next Xetra session is October 19, 2026. Brookfield’s stated expected closing date for the preferred share offering is October 22, 2026.
