BROOKFIELD, NEWS, March 21, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 34 (the "Series 34 Shares") (TSX: BN.PF.B) into Cumulative Class A Preference Shares, Series 35 (the "Series 35 Shares"), there were 257,216 Series 34 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 35
Shares. Accordingly, there will be no conversion of Series 34 Shares into Series
35 Shares and holders of Series 34 Shares will retain their Series 34 Shares.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have one of the largest pools of discretionary capital globally, which is deployed across
our three core businesses - asset management, insurance solutions, and our operating businesses. Through our core businesses, we invest in real assets that
form the backbone of the global economy to deliver strong risk-adjusted returns to our stakeholders. Over the long term, we are focused on delivering 15%+
annualized returns to our shareholders. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please contact:

  Media                                 Investor Relations
  Kerrie McHugh                         Linda Northwood
  Tel: (212) 618-3469                   Tel: (416) 359-8647

Email: kerrie.mchugh@brookfield.com Email: linda.northwood@brookfield.comÂ