Company: BBU
Filing Date: 2025-03-10
Form Type: 424B3
Source: 0001104659-25-022184
Chunk: 36

Company: Brookfield Business Partners L.P.
Filing Date: 2025-03-10
Form: 424B3
Chunk 36
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 | ​ | 142,552,877 | ​ | ​ | ​ | ​                             | ​ | 66.3% | ​ | ​ | ​ | ​                                                                                                                         | ​ | 132,683,978 | ​ | ​ | ​ | ​                                                                                                                                | ​ | 4.6%(3) | ​ | ​ |

(1) Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Units relating to securities currently exercisable or exercisable within sixty (60) days of the date of this table are deemed outstanding for computing the percentage of the person holding such securities but are not deemed outstanding for computing the percentage of any other person. (2) Consists of (i) 374,533 units and 51,599,716 redemption-exchange units held by subsidiaries of Brookfield and (ii) 43,333,752 units held by subsidiaries of Brookfield Wealth Solutions, a paired entity to Brookfield. This amount also includes 47,244,876 exchangeable shares beneficially owned by Brookfield and Brookfield Wealth Solutions. The percentage of beneficial ownership is based on 90,855,473 units outstanding and 51,599,716 redemption-exchange units held by Brookfield, on a fully-exchanged basis. Brookfield and Brookfield Wealth Solutions have agreed that all decisions to be made by Brookfield Wealth Solutions with respect to the voting of the units held by Brookfield Wealth Solutions will be made jointly by mutual agreement of the applicable Brookfield Wealth Solutions subsidiary and Brookfield. Brookfield Wealth Solutions may acquire additional units or other securities exchangeable for units (including exchangeable shares). It is expected that any additional units or other securities exchangeable for units (including any exchangeable shares) held by Brookfield Wealth Solutions will be subject to the foregoing voting arrangements. In addition, BAM Partners Trust (the “ BN Partnership ”) may be deemed a beneficial owner of such units. BN Partnership is a trust established under the laws of Ontario and is the sole owner of the Class B limited voting shares of Brookfield. The BN Partnership has the ability to appoint one half of the board of directors of Brookfield and approve, along with the holders of Brookfield’s class A limited voting shares, all other matters requiring shareholder approval of Brookfield with no single individual or entity controlling the BN Partnership. As such, the BN Partnership may be deemed to have indirect beneficial ownership of the units beneficially owned by Brookfield. The address of Brook