Royal Bank of Canada Increases Position in Brookfield Business Partners LP to 0.55%

On May 15, 2026, Royal Bank of Canada (RBC) filed a Schedule 13G/A (Amendment No. 4) disclosing a position in Brookfield Business Partners LP (BBU). As of the event date on March 31, 2026, RBC reported beneficial ownership of 487,399 Limited Partnership Units, representing 0.55% of the class. This reflects an increase in holdings from a previously reported 0.0% ownership level. The filing indicates that the shares are held through various subsidiaries, including RBC Phillips Hager & North Investment Counsel Inc., RBC Private Counsel (USA) Inc., and Royal Trust Corporation of Canada. RBC holds shared voting and shared dispositive power over all 487,399 shares. The securities were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. RBC is a Canadian-based parent holding company, and the filing was certified by Managing Director Terry Fallon. This position remains below the 5% reporting threshold typically required for non-exempt investors, but was reported under Rule 13d-1(b).