Brookfield Renewable renews issuer bids for preferred units, shares

Chicago, July 7 – Brookfield Renewable Partners LP is renewing its normal course issuer bid for its preferred units, and Brookfield Renewable Power Preferred Equity Inc. is renewing its normal course issuer bid for its class A preferred shares, according to a press release.

The equity unit is a wholly owned subsidiary of the partners entity.

After giving effect to the previously announced redemption of series 9 preferred units on July 31, there will be five series of preferred units and five series of preferred shares outstanding and listed on the Toronto Stock Exchange.

Under the normal course issuer bid, Brookfield Renewable is authorized to purchase up to 10% of the public float of any of the five series of preferred units (TSX: BEPPRE, BEPPRG, BEPPRK, BEPPRM and BEPPRO) and up to 10% of the public float of the five series of preferred shares (TSX: BRFPRA, BRFPRB, BRFPRC, BRFPRE and BRFPRF).

The repurchases can start July 9 through July 8, 2022.

Under the previous one-year authorizations which expire July 8, Brookfield did not purchase any of either the preferred units or preferred shares.

Brookfield Renewable is a Toronto-based diversified utilities company.

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