Brookfield Business CORP

Brookfield Business Holdings Corp announces the completion of a significant corporate arrangement, leading to entity renamings and a new ownership structure.

Brookfield Corporation subsidiaries terminated financing arrangements, leading to a significant transfer of Brookfield Business Corporation Class A shares and a cash payment.

Brookfield Business Corporation and Brookfield Business Partners LP plan to merge into a single corporate entity by Q1 2026.

Brookfield Corporation's subsidiaries transferred 24.3 million Class A shares of Brookfield Business Corporation for $400 million in a financing arrangement.

Brookfield Corporation and its affiliates have increased their beneficial ownership in Brookfield Business Corp to 66.9% of Class A shares due to the Issuer's recent share repurchases.