Brookfield Corporation Transfers $1 Billion in Brookfield Business Corp Shares to Paired Entity BNT

On April 8, 2026, Brookfield Corporation (BN) and its paired entity, Brookfield Wealth Solutions Ltd. (BNT), executed a significant internal restructuring of their holdings in Brookfield Business Corp. Under the terms of a previously announced agreement, a subsidiary of BN transferred 32,991,863 Class A Shares to a subsidiary of BNT. The transaction was valued at $30.3105 per share, representing a 5-day volume-weighted average price less an 8% discount, for a total consideration of approximately $1 billion. In exchange, BN received 18,344,438 class C non-voting shares of BNT. Despite this internal transfer, the reporting group's aggregate ownership remains unchanged at 142,749,301 Class A Shares, representing approximately 69.0% of the issuer's outstanding stock. The shares held by BNT subsidiaries remain subject to a voting agreement with BN, ensuring joint decision-making regarding the voting of these securities. This filing serves as Amendment No. 2 to the original Schedule 13D.