← Brookfield Corporation (BN)

events.md

Published

# Brookfield Corporation (BN) - Recent Events, Fiscal 2026 to Date

Brookfield Corporation is a foreign private issuer and files Form 6-K for current events. This brief covers 6-Ks furnished from January 1, 2026 through October 9, 2026. Brookfield reports in US dollars, so amounts are as printed unless noted; the few Canadian-dollar amounts are converted to US dollars at the closing rate for the stated date, the sterling amount at the Q2 2026 average rate, and a percentage the company gives with no amount is shown as given. Share and per-share figures in 2026 filings are on a post-split basis (the three-for-two stock split completed October 9, 2025).

## Filings that contain financial statements

- **6-K, accession 0001001085-26-000021 (filed August 17, 2026):** the second-quarter 2026 interim report, with MD&A and condensed consolidated financial statements (balance sheet at June 30, 2026 vs. December 31, 2025; statements of operations, comprehensive income, changes in equity and cash flows for the three and six months ended June 30, 2026 and 2025; notes, including subsequent events). This is the full statement set for the quarter.
- **6-K, accession 0001171843-26-005474 (filed August 13, 2026):** second-quarter 2026 earnings press release (Exhibit 99.1) for the quarter ended June 30, 2026, with a condensed balance sheet and statement of operations (three and six months) plus distributable-earnings tables.
- **6-K, accession 0001001085-26-000015 (filed May 15, 2026):** first-quarter 2026 interim report with condensed consolidated financial statements for the three months ended March 31, 2026. The related earnings press release is 6-K accession 0001171843-26-003394 (May 14, 2026).
- **Form 40-F, accession 0001001085-26-000006 (filed March 18, 2026):** annual report for the year ended December 31, 2025. Exhibit 99.2 holds the MD&A and the audited consolidated financial statements for 2025 and 2024; Exhibit 99.1 is the Annual Information Form. The same annual report was furnished on 6-K accession 0001001085-26-000008 (March 17, 2026) and re-furnished in full on 6-K/A accession 0001001085-26-000011 (March 19, 2026), whose explanatory note says it corrects inadvertent clerical errors and supersedes and replaces the original 6-K in its entirety.
- **6-K, accession 0001171843-26-000765 (filed February 12, 2026):** fourth-quarter and full-year 2025 earnings press release with condensed financial statements for the year ended December 31, 2025.

## Corporate simplification (pending)

- **May 26, 2026 (6-K 0001104659-26-066346):** The boards of Brookfield Corporation and Brookfield Wealth Solutions (NYSE/TSX: BNT) approved the previously announced transaction to combine under one publicly traded parent, Brookfield Corporation Ltd. ("New BN"), to be listed on the NYSE and TSX under "BN". All BN class A limited voting shares and BWS class A exchangeable limited voting shares would be exchanged one-for-one for New BN shares, under a court-approved plan of arrangement, expected to be tax-deferred for U.S. and Canadian shareholders. New BN is expected to pay a quarterly distribution equal to the distributions currently paid by BN and BWS.
- **June 5, 2026 (6-K 0001104659-26-071025):** Notice of the July 16, 2026 annual and special meeting and form of proxy furnished; record date May 29, 2026; the Ontario Superior Court of Justice issued an interim order dated May 29, 2026. The circular is dated June 5, 2026; a KPMG fairness opinion dated May 26, 2026, addressed to the BN board, is referenced in a consent furnished September 22, 2026 (6-K 0001104659-26-109720).
- **July 16, 2026 (6-K 0001104659-26-084374):** Shareholders approved the transaction. The special resolution was carried by both Class A holders (1,334,634,374 votes for, 79.35%; 347,403,274 against, 20.65%) and the Class B holder (100%). The related option-plan and escrowed-stock-plan resolutions also carried. All 16 director nominees were elected, and Deloitte LLP was reappointed as auditor. Holders of 76.57% of the Class A shares were represented.
- **Status:** not closed. The company says completion remains subject to customary conditions and regulatory approvals and is expected by year-end 2026. The August 13 earnings release (6-K 0001171843-26-005474) summarizes shareholder treatment: U.S. and other non-Canadian/non-U.K. holders need take no action; U.K. holders in taxable accounts and Canadian taxable holders may file an election to defer tax.

## Second-quarter 2026 results (6-K 0001171843-26-005474, August 13, 2026)

- Net income of the consolidated business $703 million (vs. $1,055 million); net income attributable to Brookfield shareholders $364 million (vs. $272 million). Distributable earnings before realizations $1,427 million, or $0.61 per share (vs. $0.53, up 15%); distributable earnings $1,548 million, or $0.66 per share. Revenues were $19,406 million (vs. $18,083 million).
- Segment distributable earnings before realizations: Asset Management $740 million; Wealth Solutions $480 million (up 23%); Operating Businesses $361 million.
- Record quarterly fundraising of $77 billion; fee-bearing capital $672 billion (up 19%); insurance assets $191 billion; record deployable capital of $210 billion; corporate debt at the Corporation has a weighted-average term of 15 years with no maturities in 2026.
- Capital returns: $111 million of BN shares repurchased in the quarter and about $580 million year to date at an average price of $42. The board declared a quarterly dividend of $0.07 per share, payable September 29, 2026 to holders of record September 14, 2026.
- Year-to-date activity cited: $40 billion of asset sales, including the sale of One Churchill Place for about $1.01 billion (£750 million at the Q2 2026 average rate) in London and the $650 million sale of Multiplex; the Bloom Energy partnership expanded to $25 billion; and a $17.5 billion U.S. Department of Energy financing commitment for Westinghouse long-lead equipment.

## Acquisitions (closed)

- **Oaktree (closed July 31, 2026):** The interim report (6-K 0001001085-26-000021, note 15, subsequent events) states the Corporation acquired the remaining 26% interest in Oaktree Capital Management for total consideration of approximately $3 billion in cash and non-cash consideration, taking its interest to 100% and obtaining control. Oaktree is consolidated from the acquisition date, and purchase price accounting is not yet available. Brookfield announced completion on August 3, 2026 (6-K 0001171843-26-005138); the release says Howard Marks and Bruce Karsh become Co-Chairs of Oaktree. Through June 30, 2026, Oaktree was equity accounted at a 74% interest.
- **Boralex (closed August 14, 2026):** The same note states the Corporation, with institutional partners through its Energy segment, acquired 100% of Boralex Inc. for total cash consideration of $2.7 billion. Boralex develops and operates renewable power in Canada, the United States, the United Kingdom and France. No separate 6-K announces this deal; it appears in the Q2 interim report's subsequent-events note.
- **Just Group (closed after March 31, 2026):** The first-quarter release (6-K 0001171843-26-003394, May 14, 2026) says that, subsequent to quarter end, the company announced completion of the acquisition of Just Group, adding about $40 billion of insurance assets (to $180 billion). The second-quarter release describes the closing as adding $45 billion of insurance assets and reports the first full-quarter contribution in Q2. The 2026 filings do not state the precise closing date or final purchase price; no 6-K furnished in 2026 announces the closing separately.

## Debt and capital markets

- **April 16-21, 2026:** Priced C$500 million (about $364.80 million) of 4.803% medium-term notes due April 21, 2036 and a C$250 million (about $182.40 million) re-opening of the 5.399% notes due December 11, 2055, taking that series to C$900 million; ratings A- (S&P), A- (Fitch), A3 (Moody's), A (DBRS); proceeds for general corporate purposes (6-K 0001171843-26-002519). A supplemental indenture dated April 21, 2026 among Brookfield Finance II Inc., Brookfield Corporation and Computershare Trust Company of Canada, providing for the additional C$250 million of 2055 notes, was furnished (6-K 0001104659-26-046224). Conversions at the April 16 closing rate.
- **September 21-23, 2026:** Brookfield Finance Inc. priced $600 million of 5.650% senior notes due September 23, 2031, guaranteed by Brookfield Corporation, at 99.966% (yield 5.658%), for general corporate purposes; expected settlement September 23 (6-K 0001171843-26-006141 and final term sheet in 6-K 0001104659-26-109654). The underwriting agreement and counsel consents were furnished September 22 (6-K 0001104659-26-109720), and the fourteenth supplemental indenture dated September 23, 2026 was furnished (6-K 0001104659-26-110024). The preliminary term sheet noted underwriters could sell some notes to affiliates of Brookfield Wealth Solutions. The filings do not state that the notes settled.

## Preferred shares and distributions

- **Series 24 preference shares (June 1 and June 22, 2026):** Reset the dividend rate to 5.432% annually for the five years from July 1, 2026 (6-K 0001171843-26-003844). Only 1,400 shares were tendered for conversion to Series 25, below the one million required, so no conversion occurred and holders kept their Series 24 shares (6-K 0001171843-26-004221).
- **August 19, 2026:** TSX approved renewal of the normal course issuer bid for up to 10% of the public float of each of 21 listed preferred series, running August 24, 2026 to August 23, 2027; under the expiring bid, Brookfield bought 251,500 Series 51 shares and 23,300 Series 52 shares (6-K 0001171843-26-005640).
- **September 4, 2026:** Announced intention to redeem all Series 51 and Series 52 preference shares for cash on November 1, 2026, at C$22.44 (about $16.22) and C$22.00 (about $15.90) per share respectively, plus accrued dividends (6-K 0001171843-26-005886). Conversions at the September 4 closing rate.
- **Common dividend:** the quarterly dividend was raised 17% to $0.07 per share ($0.28 annually) on February 12, 2026 (6-K 0001171843-26-000765); the same $0.07 was declared again on August 13, 2026. Year-to-date buybacks of BN shares were about $470 million at an average of $41 as of the first-quarter release (6-K 0001171843-26-003394).

## Other scheduled items

- Investor Day held September 17, 2026 for Brookfield Corporation and Brookfield Asset Management (6-K 0001171843-26-006023).
- Third-quarter 2026 results and conference call scheduled for November 12, 2026 (6-K 0001171843-26-006563, October 9, 2026).
- Annual filings: the 2025 annual report on Form 40-F was filed March 18, 2026 (6-K 0001171843-26-001684). The fourth-quarter 2025 release (February 12, 2026) reported record distributable earnings before realizations of $5.4 billion for 2025 and over $1 billion of share repurchases in 2025.

## Not found in filings

No 6-K in this period reports a guidance change, management departure, impairment, or legal or regulatory outcome. Other 6-Ks furnished in the period (conference-call notices, a transfer-agent record-date notice, the proxy form) carry no further news.