Brookfield Corporation's Series 38 Preferred Shares failed to convert due to insufficient share tendering.

Brookfield Corporation announced that its Series 38 Preferred Shares will not convert into Series 39 due to not meeting the required one million shares for conversion. Only 42,035 shares were tendered. Brookfield, a global investment firm with businesses in asset management, wealth solutions, and operating businesses including renewable power and real estate, is known for delivering over 15% annualized returns over 30 years and is traded on the NYSE and TSX.