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Brookfield Corporation Receives Exemptive Relief from the Ontario Securities Commission

1. Brookfield Corporation received exemptive relief from Ontario Securities Commission. 2. No formal valuation and minority shareholder approval needed for corporate structure enhancement. 3. KPMG LLP prepared the formal valuation under BAM's Governance Committee. 4. Brookfield has a track record of over 15% annualized returns for 30 years. 5. Arrangement details are available on SEDAR+ and EDGAR for shareholders.

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FAQ

Why Bullish?

Exemptive relief can streamline corporate actions, potentially boosting investor confidence. Previous approvals have led to positive stock movements in similar cases.

How important is it?

The announcement directly affects BN's operational strategy and shareholder confidence. Key developments in the corporate structure are crucial for future growth strategies.

Why Short Term?

Initial market reactions are likely to occur soon after the news. Historical examples show immediate positive impacts from regulatory approvals.

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BAM
November 20, 2024 16:45 ET | Source: Brookfield Corporation BROOKFIELD, NEWS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that it has received exemptive relief from the Ontario Securities Commission from the requirement to obtain a formal valuation and minority shareholder approval in relation to the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM), which was jointly announced by BN and BAM on October 31, 2024 (the “Arrangement”). BN filed a material change report on November 1, 2024 (the “Material Change Report”) summarizing the terms of the Arrangement and results of the formal valuation prepared by KPMG LLP, the independent valuer appointed by the Governance, Nominating and Compensation Committee of BAM (the “Valuation”). The Material Change Report and the Valuation are available on SEDAR+ under BN’s profile at www.sedarplus.ca and on EDGAR at www.sec.gov. Copies of the Material Change Report and/or the Valuation will be provided free of charge to shareholders upon request. About Brookfield Corporation Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN). For more information, please visit our website at www.bn.brookfield.com or contact: Media Investor RelationsKerrie McHughLinda NorthwoodTel: (212) 618-3469Tel: (416) 359-8647Email: kerrie.mchugh@brookfield.comEmail: linda.northwood@brookfield.com

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