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BROOKFIELD, NEWS, December 10, 2024 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced the pricing of a public offering of $700 million of subordinated notes due 2055 (the “notes”).

The notes will bear interest at an annual rate of 6.300% until January 15, 2035, and will reset every five years thereafter at an annual rate equal to the five-year U.S. Treasury yield, plus a spread of 2.076%; provided that the interest rate does not fall below 6.300% during an interest period of five years.

The notes will be issued by Brookfield Finance Inc., an indirect wholly owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed, on a subordinated basis, by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on December 17, 2024, subject to customary closing conditions.

The notes are being offered under Brookfield and the issuer’s existing base prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement on Form F-10 by Brookfield and the issuer with the U.S. Securities and Exchange Commission (File No. 333-279601). The offering is being made only by means of a prospectus supplement relating to the offering of the notes. You can obtain these documents for free on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca. Before investing, you should read these documents and other public documents of Brookfield for more complete information about Brookfield and this offering.

Alternatively, you can obtain copies from:

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes described herein, nor shall there be any sale of these notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The bonds offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the base prospectus or the prospectus supplement.

About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals worldwide. We have three core activities: Alternative Asset Management, Wealth Solutions and our operational activities in the areas of sustainable energy, infrastructure, business and industrial services and real estate.

We have a track record of delivering over 15% annualized returns to shareholders for over 30 years, backed by our unparalleled investment and operating experience. Our conservatively managed balance sheet, extensive operating experience and global sourcing networks enable us to consistently access unique opportunities. At the heart of our success is the Brookfield Ecosystem, which is based on the fundamental principle that every 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, visit our website www.bn.brookfield.com or contact:

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of the Canadian provincial securities laws and “forward-looking statements” within the meaning of the US Securities Act of 1933, the US Securities Exchange Act of 1934, safe harbor provisions of the US Private Securities Litigation Reform Act of 1995 and all applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend on or refer to future results, events or circumstances, and include, but are not limited to, statements that reflect management’s current estimates, beliefs and assumptions and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management believes are appropriate in the circumstances. Brookfield’s estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies relating to future events and as such are subject to change. Forward-looking statements are generally identified by words such as ‘expect’, ‘anticipate’, ‘believe’, ‘anticipate’, ‘may’, ‘estimate’, ‘goal’, ‘intend’, ‘plan’, ‘seek’. , “aim”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements in this press release include statements that refer to the offering, the use of proceeds from the offering and the expected closing date of the offering.

Although Brookfield believes that such forward-looking statements are based on reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties described from time to time in our filings with the securities regulators in Canada and the United States could are not currently described. known by Brookfield, or which Brookfield currently believes to be immaterial, could cause actual results to differ materially from those contemplated or implied by any forward-looking statements.

Readers are urged to carefully consider these risks, as well as other uncertainties, factors and assumptions, in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based solely on information available to us is. of the date of this press release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, whether as a result of new information, future events or otherwise.