Brookfield Corp. Amends 13D Filing for Brookfield Business Corp

Ticker: BBUC · Form: SC 13D/A · Filed: 2024-09-27T00:00:00.000Z

Sentiment: neutral

Topics: sec-filing, 13d-amendment, ownership-change

TL;DR

Brookfield Corp. updated its stake in Brookfield Business Corp. - watch for changes.

AI Summary

Brookfield Corp. filed an amendment to its Schedule 13D on September 27, 2024, related to its holdings in Brookfield Business Corp. The filing indicates a change in beneficial ownership, though specific dollar amounts or percentage changes are not detailed in this excerpt. Brookfield Corp. is a significant entity with operations in real estate and construction.

Why It Matters

This amendment signals a potential shift in control or investment strategy by Brookfield Corp. concerning Brookfield Business Corp., which could impact the latter's stock performance and corporate direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate significant strategic moves by major holders, potentially leading to volatility.

Key Players & Entities

FAQ

What specific change in beneficial ownership is reported in this SC 13D/A filing?

The provided excerpt does not specify the exact nature or extent of the change in beneficial ownership, only that an amendment to the Schedule 13D was filed on September 27, 2024.

What is the Central Index Key (CIK) for Brookfield Business Corp?

The CIK for Brookfield Business Corp. is 0001871130.

What is the CIK for Brookfield Corp.?

The CIK for Brookfield Corp. is 0001001085.

When was the last name change for Brookfield Corp.?

Brookfield Corp. was formerly known as Brookfield Asset Management Inc. and its name change date was November 16, 2005.

What is the primary business address for Brookfield Business Corp?

The primary business address for Brookfield Business Corp. is 250 Vesey Street, 15th Floor, New York, NY 10281.

From the Filing

0001193125-24-228125.txt : 20240927 0001193125-24-228125.hdr.sgml : 20240927 20240927194355 ACCESSION NUMBER: 0001193125-24-228125 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20240927 DATE AS OF CHANGE: 20240927 GROUP MEMBERS: BAM PARTNERS TRUST GROUP MEMBERS: BPEG BN HOLDINGS LP GROUP MEMBERS: BROOKFIELD BUSINESS PARTNERS LP GROUP MEMBERS: BROOKFIELD BUSINESS PARTNERS LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Brookfield Business Corp CENTRAL INDEX KEY: 0001871130 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93609 FILM NUMBER: 241336287 BUSINESS ADDRESS: STREET 1: 250 VESEY STREET STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 BUSINESS PHONE: 2124177000 MAIL ADDRESS: STREET 1: 250 VESEY STREET STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BROOKFIELD Corp /ON/ CENTRAL INDEX KEY: 0001001085 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: BROOKFIELD PLACE, 181 BAY ST, STE 100 STREET 2: PO BOX 762 CITY: TORONTO STATE: A6 ZIP: M5J2T3 BUSINESS PHONE: 416-363-9491 MAIL ADDRESS: STREET 1: BROOKFIELD PLACE, 181 BAY ST, STE 100 STREET 2: PO BOX 762 CITY: TORONTO STATE: A6 ZIP: M5J2T3 FORMER COMPANY: FORMER CONFORMED NAME: BROOKFIELD ASSET MANAGEMENT INC. DATE OF NAME CHANGE: 20051116 FORMER COMPANY: FORMER CONFORMED NAME: BRASCAN CORP/ DATE OF NAME CHANGE: 20010321 FORMER COMPANY: FORMER CONFORMED NAME: EDPERBRASCAN CORP DATE OF NAME CHANGE: 19970904 SC 13D/A 1 d885737dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1) Brookfield Business Corporation (Name of Issuer) Class A exchangeable subordinate voting shares, no par value (Title of Class of Securities) 11259V106 (CUSIP Number) Swati Mandava Brookfield Corporation Brookfield Place 181 Bay Street, Suite 100 Toronto, Ontario M5J 2T3 (416) 363-9491 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 26, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐ * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Note CUSIP No. 11259V106  1    Names of Reporting Persons  BROOKFIELD CORPORATION  2  Check the Appropriate Box if a Member of a Group (See Instructions)  (a) ☐  (b) ☒ — Joint Filing  3  SEC Use Only    4  Source of Funds (See Instructions)  OO  5  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)  ☐  6  Citizenship or Place of

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