Brookfield Business Partners normal course issuer bid

Brookfield Business Partners normal course issuer bid

Brookfield Business Partners (BBU, BBUC; TSX: BBU.UN, BBUC) has announced the renewal of its normal course issuer bids for both its limited partnership units and exchangeable shares. The company is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing 5% of the issued and outstanding securities as of August 8, 2025. The buyback program will run from August 19, 2025 to August 18, 2026. Daily purchase limits are set at 10,076 Units and 11,100 Exchangeable Shares on the TSX [1].

Under the previous program, the company purchased 3,611,689 Units at an average price of US$22.54 and 2,957,523 Exchangeable Shares at an average price of US$25.93 [2].

Brookfield Business Partners believes that the Units or the Exchangeable Shares may from time to time trade in a price range that does not fully reflect their value and that, in such circumstances, the acquisition of Units or Exchangeable Shares, as applicable, may represent an attractive use of available funds [1].

Purchases under each normal course issuer bid are authorized to commence on August 19, 2025 and will terminate on August 18, 2026, or earlier should Brookfield Business Partners L.P. or Brookfield Business Corporation complete its authorized purchases under each respective normal course issuer bid prior to such date [1].

Brookfield Business Partners has entered into automatic repurchase plans, which have been pre-cleared by the TSX, to allow for the purchase of Units or Exchangeable Shares, as applicable, subject to certain trading parameters, at times when Brookfield Business Partners would ordinarily not be active in the market due to its own internal trading black-out periods, insider trading rules or otherwise [1].

The actual number of Units and Exchangeable Shares purchased under the automatic plans, the timing of such purchases and the price at which Units and Exchangeable Shares are purchased will depend upon future market conditions [1].

References:
[1] https://www.globenewswire.com/news-release/2025/08/15/3134155/0/en/Brookfield-Business-Partners-Announces-Renewal-of-Normal-Course-Issuer-Bids-for-Units-and-Exchangeable-Shares.html
[2] https://www.stocktitan.net/news/BBUC/brookfield-business-partners-announces-renewal-of-normal-course-08m3u4b7cgdf.html