Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 506

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 19
Chunk 506
---
 Brookfield, Redemption-Exchange Units held by Brookfield Holders, Special LP Units held by Brookfield and BBUC exchangeable shares held by the public and Brookfield Holders, collectively, “ Units” or “ Unitholders” as described in Note 1, and $ 740 66 74,281,771 74,281,767

For the year ended December 31, 2024, the partnership made distributions on the LP Units, GP Units, Redemption-Exchange Units and BBUC exchangeable shares of $ 54 0.25 54 741 4,310

(a) GP and LP Units

LP Units entitle the holder to their proportionate share of distributions. GP Units entitle the holder the right to govern the financial and operating policies of Brookfield Business Partners L. P. The GP Units are not quantitatively material to the consolidated financial statements and therefore have not been separately presented on the consolidated statements of financial position.

  F-60      Brookfield Business Partners  

Table of Contents

BROOKFIELD BUSINESS PARTNERS L. P.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

As at December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022

The following table provides a continuity of GP Units and LP Units outstanding for the years ended December 31, 2024 and 2023:

                                                GP Units      LP Units (1)                                      Total                                  
  UNITS                                         2024          2024                                              2024                                   
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Authorized and issued                                                                                                                                
  Opening balance                               4                               74,281,763      74,612,503                 74,281,767      74,612,507  
  Repurchased and canceled                      —             —                                 ( 331,875)      —                          ( 331,875)  
  Conversion from BBUC exchangeable shares      —             4                                      1,135      4                               1,135  
  Balance as at December 31                     4                               74,281,767      74,281,763                 74,281,771      74,281,767  

____________________________________

(1) Included in the LP Units that Brookfield Holders beneficially own as of December 31,