Brookfield Series 24 Preference Shares Conversion Fails to Meet Threshold

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โดย GlobeNewswire·Read original
Summary · why it matters

Brookfield Corporation announced that the conversion of its Series 24 Preference Shares into Series 25 Shares will not proceed after only 1,400 shares were tendered, falling short of the required one million shares. Holders of the Series 24 Shares will therefore retain their existing shares. The conversion offer was part of the company's Cumulative Class A Preference Shares program.

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Conversion of Series 24 to Series 25 failed due to insufficient tendered shares, indicating lack of investor interest.

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