Brookfield Business Partners and Brookfield Business announced they received all required approvals to complete a corporate simplification to convert into one publicly traded Canadian corporation. The plan of arrangement is expected to become effective prior to markets open on March 27, 2026. On closing, BBU units and BBUC Class A exchangeable shares will be exchanged for newly issued Class A shares of the new Canadian corporation on a one-for-one basis. The new corporation will assume the name Brookfield Business Corporation. The Class A shares are expected to begin trading on the NYSE and TSX under the symbol BBUC on March 31, 2026.

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