By Robb M. Stewart

Brookfield has the go-ahead from the Toronto Stock Exchange to buy back up to the equivalent of 10% of the public float of its class A shares.

The investment firm said Thursday the exchange approved the renewal of its normal course issuer bid to buy up to almost 143 million A class limited voting shares.

Purchases will be made on the open market through the TSX, New York Stock Exchange or alternative trading system and the period for the buyback program will extend through May 26, 2025, Brookfield said.

Of the 142 million A shares Brookfield had approval to buy back under the current program set to expire Friday, it purchased 27.9 million shares as of May 17.

Write to Robb M. Stewart at

(END) Dow Jones Newswires

05-23-24 0713ET