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Brookfield OPE Letter to Unitholders Q2 2021 During the quarter we generated Company EBITDA of $ 381 million and Company FFO of $ 356 million . Our results reflect continued strong performance and positive momentum across our operations . We made good progress on a number of strategic initiatives , including announcing our intention to split off a paired corporate entity and reaching agreements to acquire three businesses that strengthen our global operations . The outlook for the second half of the year is strong , and we are well positioned to generate long - term sustainable growth for our unitholders . Expanding our Investor Base In order to expand our universe of owners , we are launching Brookfield Business Corporation ( " BBUC " ) to provide investors with an alternative vehicle to invest in our business through a more traditional corporate structure . BBUC will be a paired entity with our partnership but will be a publicly listed Canadian corporation . The initial market capitalization will be approximately $ 2.5 billion which will give it scale . The launch of BBUC will support our efforts to broaden our investor appeal and garner a stronger capital markets following . The structure should appeal to investors who want to invest in our business but prefer not to own limited partnership units and provide a tax reporting framework that may be preferable to some . As a corporation , BBUC should be eligible for inclusion in global indices not available to us today as a limited partnership . These indices will support growth of our ownership base , including with passive index investors . BBUC will be created by way of a special distribution to unitholders that is analogous to a unit split . Existing unitholders will receive one share of the newly created corporation for every two partnership units . The distribution will be structured on a tax - free basis to Canadian unitholders and we anticipate no incremental tax consequences for our business . BBUC shares will be structured to be economically equivalent to BBU units and have identical distributions . The shares of the newly created corporation will be exchangeable into BBU units anytime at the option of the shareholder , and this exchangeable feature mirrors the structure of the recent corporate spin outs of Brookfield Infrastructure Corporation ( BIPC ) and Brookfield Renewable Corporation ( BEPC ) . These securities trade well and have been widely accepted by the market . Following the spin - off , we intend to pay a quarterly dividend of $ 0.25 annually per unit and per share which equates to a 50 % increase in dividends . We are working to obtain the necessary regulatory approvals and expect to complete the special distribution before the end of this year . Acquisitions Over the last few months we reached agreements to acquire three businesses , for which our BBU share of the combined equity funding is approximately $ 1 billion . Each of these are high - quality and have the characteristics Q2 2021 Letter to Unitholders Brookfield Business Partners L.P. 1