The Toronto Stock Exchange reports that Brookfield Reinsurance Ltd.'s Class A-1 exchangeable non-voting shares (symbol BNRE.A) will be delisted at the close on Aug. 29, 2024.

At a meeting held on July 22, 2024, shareholders of the company approved certain amendments to the company's bylaws. The bylaw amendments provide for, among other things, the automatic conversion of all of the company's issued and outstanding Class A-1 exchangeable shares into Class A exchangeable limited voting shares (symbol BNRE) on a 1:1 basis.

As a result of the foregoing, all of the company's issued and outstanding Class A-1 exchangeable shares, without further action on the part of any shareholder, will be exchanged for Class A exchangeable shares on a 1:1 basis on Aug. 29, 2024. No Class A-1 exchangeable shares will remain issued and outstanding after Aug. 29, 2024.

As the Class A-1 exchangeable shares and Class A exchangeable shares are held through the book entry system of CDS, and no individual certificates are issued, holders of Class A-1 exchangeable shares need not take any action with respect to the conversion.

For more information, see the company's management information circular dated June 14, 2024, and its news release dated Aug. 8, 2024.