Brookfield Corporation Completes Corporate Restructuring of Brookfield Business Holdings Corp
This Amendment No. 6 to Schedule 13D reports the completion of a major corporate restructuring plan of arrangement on March 27, 2026, where Brookfield Corporation (BN) and related entities consolidated their ownership of Brookfield Business Holdings Corp (BBHC). The arrangement involved exchanging BBU Units, BBHC exchangeable shares, and redemption-exchange units for newly issued BBUC Class A Shares on a one-for-one basis. Following the transaction, BN and its affiliates now own 142,749,301 BBUC Class A Shares (69.0% of the class), 100% of Class B Shares, and 100% of Special Shares. The BBUC Class A Shares will be listed on NYSE and TSX under symbol "BBUC," while the BBHC exchangeable shares will be delisted and deregistered. Brookfield Corporation's ownership increased from 68.5% to 100% of the BBHC exchangeable shares, representing 68,186,491 shares valued at approximately $2.19 billion.