Brookfield Business Partners Renew Normal Course Issuer Bid for Units and Shares

Brookfield Business Partners has announced that the Toronto Stock Exchange has accepted its notice to renew its normal course issuer bid for its limited partnership units and class A exchangeable subordinate voting shares. The company believes that its shares may trade at a price that does not reflect their value and that buying them back could be an attractive use of funds. As of August 8, 2025, there were 88,828,512 units and 69,996,738 exchangeable shares issued and outstanding.

Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) has announced that the Toronto Stock Exchange (TSX) has accepted its notice to renew its normal course issuer bid for both its limited partnership units and class A exchangeable subordinate voting shares. The company believes that its shares may trade at a price that does not fully reflect their value and that buying them back could be an attractive use of funds.

As of August 8, 2025, there were 88,828,512 units and 69,996,738 exchangeable shares issued and outstanding. 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. The buyback program will run from August 19, 2025, to August 18, 2026, with daily purchase limits set at 10,076 units and 11,100 exchangeable shares on the TSX.

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. The company has implemented automatic repurchase plans to facilitate purchases during blackout periods, with all purchased securities to be cancelled upon acquisition. This capital allocation decision represents a shareholder-friendly move that potentially signals two things: first, management believes reinvesting in their own business via share repurchases offers better returns than alternative uses of capital; second, they have sufficient liquidity and operational confidence to commit to this program.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in their company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership, or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation.

References:
[1] https://www.stocktitan.net/news/BBUC/brookfield-business-partners-announces-renewal-of-normal-course-08m3u4b7cgdf.html