Brookfield Corporation Announces Results of Annual and Special Meeting of Shareholders

BROOKFIELD, NEWS, June 12, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation ("Brookfield”) (NYSE: BN, TSX: BN) today announced that all seven nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares ("Class A Shares”) and all seven nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares ("Class B Shares”) were elected at the company’s annual and special meeting of shareholders held on June 9, 2023 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.

Management received the following proxies from holders of Class A Shares in regard to the election of the seven directors nominated by this shareholder class:

Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the seven directors nominated by this shareholder class:

A summary of all votes cast by holders of the Class A and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.

About Brookfield Corporation

Brookfield Corporation (NYSE: BN, TSX: BN) is focused on compounding capital over the long term to earn an annualized return of 15%+ for our shareholders.

Today, our capital is deployed across three businesses – Asset Management, Insurance Solutions and our Operating Businesses, generating substantial and growing free cash flows, all of which is underpinned by a conservatively capitalized balance sheet.

We employ a disciplined investment approach, leveraging our global reach and the scale and flexibility of our capital, to identify proprietary opportunities to invest on a value basis. We then utilize our deep operating expertise, based on our 100+ year history as an owner and operator of real assets, to grow cash flows and create value in each of our businesses to generate strong risk-adjusted returns across market cycles.

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