Brookfield Wealth Solutions Ltd. class A exchangeable shares

Holders of class A exchangeable voting shares of Brookfield Wealth Solutions (“Brookfield Wealth Solutions Class A Shares”) shares have the right to exchange each of their Brookfield Wealth Solutions Class A Shares into a class A share of Brookfield Corporation (“Brookfield Class A Shares”).

For Canadian Brookfield Wealth Solutions Class A Shareholders, the exchange would be considered a disposition of the Brookfield Wealth Solutions Class A Shares. A Canadian resident shareholder who disposes of a Brookfield Wealth Solutions Class A share via an exchange would recognize a gain or loss equal to the difference between the fair market value of the Brookfield Class A Shares received (at the time of the exchange) and the adjusted cost basis (“ACB”) of the Brookfield Wealth Solutions Class A Shares exchanged.

For U.S. Brookfield Wealth Solutions Class A Shareholders, the exchange would be considered as a taxable disposition of your Brookfield Wealth Solutions Class A Shares for U.S. federal income tax purposes. A shareholder treating the exchange as a taxable sale would recognize gain or loss equal to the difference between the value of the Brookfield Class A shares received (at the time of the exchange) and the adjusted tax basis of the Brookfield Wealth Solutions Class A Shares exchanged.

For more information regarding on how to exchange please contact [email protected]