Brookfield shareholders approve corporate restructuring plan

Brookfield Corporation (NYSE: BN) said shareholders approved a transaction to simplify its corporate structure at its annual and special meeting held July 16, 2026.

Under the transaction, a new entity called Brookfield Corporation Ltd. will become the parent of the group and will trade on the NYSE and TSX under the existing ticker symbol "BN." The company said closing is expected by year-end, pending customary regulatory approvals.

At the same meeting, shareholders elected all 16 director nominees to the board. Eight directors were nominated by holders of Class A Limited Voting Shares and eight by the holder of Class B Limited Voting Shares.

Among Class A nominees, Ang Eng Seng received the highest share of votes at 99.93%, while Frank J. McKenna received the lowest at 90.87%. Other Class A nominees included M. Elyse Allan, Janice Fukakusa, Maureen Kempston Darkes, Hutham S. Olayan, Satish C. Rai, and Diana L. Taylor, each receiving between 94.79% and 99.60% of votes cast.

All eight Class B nominees — Howard S. Marks, Rafael Miranda, Lord O'Donnell, Jeffrey M. Blidner, Jack L. Cockwell, Bruce Flatt, Brian D. Lawson, and Samuel J.B. Pollock — received 100% of the 85,120 Class B shares voted.

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