Brookfield Reinsurance Announces Details of Upcoming Shareholders Meeting
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: Newsfilter
- Brookfield Reinsurance Meeting: Brookfield Reinsurance will hold its annual general meeting on July 22, 2024, seeking approval to change the company name to "Brookfield Wealth Solutions" and implement changes in capital structure.
- Proposed Changes: The proposed changes aim to simplify and enhance the capital structure by re-designating shares and limiting voting power to 9.9% per shareholder.
- Future Transactions: Shareholders will be asked to approve the issuance of class A shares for potential future transactions similar to past non-dilutive exchange offers.
- CEO Statement: CEO Sachin Shah highlights the company's growth and diversified wealth solutions, emphasizing the need for changes to reflect the business nature.
- Additional Information: Detailed meeting matters will be available through SEC's website, SEDAR+ profile, and Brookfield Reinsurance's website; the Toronto Stock Exchange granted an extension for the meeting.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
