Brookfield Corporation and Brookfield Wealth Solutions Receive Board Approval for Corporate Simplification

1 hour ago 3

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About Brookfield Wealth Solutions

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Brookfield Wealth Solutions Ltd. is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each BWS Class A Share is exchangeable on a one-for-one basis with a BN Class A Share.

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For more information, please contact:

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This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any securities to be issued in the Transaction will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States, and any securities issued in connection with the Transaction are anticipated to be issued in reliance upon the exemption from the registration requirements of the U.S. Securities Act provided for by Section 3(a)(10) thereof and in accordance with applicable state securities laws.

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Forward-Looking Statements

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This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the
U.S.
Securities Act,
the
U.S.
Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation
Reform
Act
of
1995
and
in
any
applicable
Canadian
securities
regulations
(collectively,
“forward-looking
statements”).
Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. Forward-looking
statements
include
statements
that
are
predictive
in
nature,
depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which in turn are based on our experience and perception of historical trends, current conditions and expected future developments, statements concerning Brookfield’s beliefs on certain benefits of the Transaction, the listing of the class A limited voting shares of Brookfield Corporation Ltd., the expected timing of completion of the Transaction, the anticipated tax treatment of the Transaction for BN and BWS shareholders resident in Canada and the United States, future distributions by Brookfield Corporation Ltd., as well as other factors management believes are appropriate in the circumstances. Factors that could cause actual results, performance, achievements or events to differ from current expectations include, among others, risks and uncertainties related to: obtaining shareholder and regulatory approvals, rulings, court orders and consents, or satisfying other requirements, necessary or desirable to permit or facilitate completion of the Transaction or the plan of arrangement; future factors that may arise making it inadvisable to proceed with, or advisable to delay, all or part of the Transaction; the potential benefits of the Transaction; and business cycles, including general economic conditions. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other
uncertainties
and
contingencies
regarding
future
events
and
as
such,
are
subject
to
change.

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Although Brookfield
believes that such forward-looking statements are
based
upon
reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our
documents
filed
with
the
securities
regulators
in
Canada
and
the
United
States,
not
presently
known
to Brookfield, or that Brookfield currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements. Certain risks and uncertainties specific to the proposed Transaction and Brookfield Corporation Ltd., will be further described in the management information circulars to be mailed to shareholders of BN and BWS in advance of their respective shareholders’ meetings.

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Readers
are
urged
to
consider
these
risks,
as
well
as
other
uncertainties,
factors
and
assumptions
carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking
statements,
which
are
based
only
on
information
available
to
us
as
of
the
date
of
this
news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.