Brookfield Wealth Solutions announced that shareholders approved a transaction to simplify its corporate structure at its annual general and special meeting. Upon completion, Brookfield Wealth Solutions Ltd. will be delisted and Brookfield Corporation Ltd., trading under the symbol BN on the TSX and NYSE, will become the new parent entity. The transaction is expected to close by year-end, subject to regulatory approvals. Shareholders also elected all ten director nominees, with class A share nominees receiving over 96% support and the class B share holder voting all 36,000 class B shares in favor of its five nominees. All other meeting proposals were approved.
Brookfield CorpBrookfield Corp (BN) becomes the new parent entity, consolidating ownership and simplifying structure.
Brookfield Wealth Solutions Ltd.Brookfield Wealth Solutions will be delisted as part of the simplification.