Brookfield Wealth Solutions Wins Shareholder Approval for Brookfield Corp. Tie-Up

Brookfield Wealth Solutions shareholders approved all resolutions at the annual meeting, including a transaction to combine Brookfield Wealth Solutions and Brookfield Corporation into one publicly traded company called “New BN.” Management said the merger is designed to simplify the corporate structure, improve capital efficiency and potentially broaden global index inclusion; the deal is expected to close in late Q4 2026 pending court and regulatory approvals. CFO Thomas Corbett highlighted strong growth since the 2021 spinoff, citing about $180 billion of insurance assets, more than $2 billion in annualized distributable operating earnings and $35 billion in cash and short-term liquid investments.

Brookfield Wealth Solutions NYSE: BNT shareholders approved all resolutions presented at the company’s annual general and special meeting, including a transaction resolution that would combine the businesses of Brookfield Wealth Solutions and Brookfield Corporation under a single publicly traded company. Lori Pearson, Chair of the Board, said the proposed combination would place the company and Brookfield Corporation under Brookfield Corporation Limited, referred to during the meeting as “New BN.” Pearson said the transaction is intended to “further simplify the corporate structure, create a more capital-efficient platform to support Brookfield’s long-term growth, and open a path to broader global index inclusion.”

The company said the transaction is expected to close in late fourth quarter 2026 if it receives the final order of the Ontario Superior Court of Justice, customary closing conditions and all other required legal and regulatory approvals.

Seamus MacLoughlin, Corporate Secretary of Brookfield Wealth Solutions, outlined the voting procedures for the virtual meeting. Lyndsay Hatlelid, Managing Partner and General Counsel, said there were nine items of business and confirmed that a quorum was present. Pearson said management had received proxies representing a majority of the company’s Class A shares, as well as 100% of the Class B and Class C shares. Those proxies directed management to vote a majority of the shares in favor of the resolutions. Following the close of voting, MacLoughlin said preliminary voting results showed that the director nominees had been elected and that each other motion had been carried. The approved matters included: The election of 10 directors to serve until the next annual general and special meeting of shareholders. The reappointment of Deloitte LLP as external auditor and authorization for directors to set its remuneration. Approval of quarterly return of capital distributions on Class A and Class B shares for periods ending on or around Sept. 29, 2026, Dec. 31, 2026, March 31, 2027, and June 30, 2027. Approval of the transaction resolution related to the combination with Brookfield Corporation. Approval of stock option and escrowed stock plans for New BN and Brookfield Canada Corporation, referred to as “New BNC.” The Class A director nominees elected were William Cox, Anne Schaumburg, Dr. Soonyoung Chang, Lars Rodert and Michele Coleman Mayes. The Class B director nominees elected were Sachin Shah, Barry Blattman, Gregory Morrison, Michael McRaith and Lori Pearson.

After the formal meeting, Thomas Corbett, Chief Financial Officer of Brookfield Wealth Solutions, provided a management presentation on the company’s business and priorities. Corbett said the company has grown significantly since its 2021 spinoff and now has approximately $180 billion of insurance assets, approximately $20 billion of group capital an...