Brookfield renewed a buyback program for up to 10% of the public float of its shares listed in Canada.
The Toronto-based investment company received approval from the Toronto Stock Exchange for a normal course issuer bid to buy each series of its outstanding class A preference shares listed on the TSX over a one-year period through Aug. 23, 2027.
Under the current buyback program set to expire Friday, Brookfield as of Aug. 12 had bought 251,500 series 51 preferred shares and 23,300 series 52 preferred shares.
Brookfield's shares have fallen 7% so far this year and are down 1.7% over the last 12 months, last closing in Toronto at C$58.60 ($42.16).
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