Brookfield Gets TSX Green Light to Renew Share Buyback Program
By Robb M. Stewart
Brookfield has the go-ahead from the Toronto Stock Exchange to buy back up to the equivalent of 10% of the public float of its class A shares.
The investment firm said Thursday the exchange approved the renewal of its normal course issuer bid to buy up to almost 143 million A class limited voting shares.
Purchases will be made on the open market through the TSX, New York Stock Exchange or alternative trading system and the period for the buyback program will extend through May 26, 2025, Brookfield said.
Of the 142 million A shares Brookfield had approval to buy back under the current program set to expire Friday, it purchased 27.9 million shares as of May 17.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 23, 2024 07:13 ET (11:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now