Brookfield units renew normal course issuer bid for 9 preferred series

Chicago, Dec. 14 – Brookfield Renewable Partners LP, Brookfield Renewable Corp. and Brookfield Renewable Power Preferred Equity Inc. have received approval from the Toronto Stock Exchange for the renewal of normal course issuer bids for each series of each unit’s outstanding limited partnership units and class A preferred limited partnership units, class A exchangeable subordinate voting shares and class A preference shares that are listed on the Toronto Stock Exchange, according to a press release.

The normal course issuer bids will start Dec. 18 and run through Dec. 17, 2024.

There are currently four series of preferred units and five series of preferred shares outstanding and listed on the Toronto Exchange.

Under Brookfield Renewable Partners’ normal course issuer bid for preferred units, the company is authorized to repurchase a total of approximately 10% of the public float of each respective series as follows:

• Up to 700,000 of the 7,000,000 outstanding series 7 preferred shares (BEPPrG) with a limit of 1,332 shares per day;

• Up to 1,000,000 of the 10,000,000 outstanding series 13 preferred shares (BEPPrM) with a limit of 1,753 shares per day;

• Up to 700,000 of the 7,000,000 outstanding series 15 preferred shares (BEPPrO) with a limit of 1,437 shares per day; and

• Up to 600,000 of the 6,000,000 outstanding series 18 preferred shares (BEPPrR) with a limit of 1,993 shares per day.

Under Brookfield Renewable Power Preferred Equity’s normal course issuer bid for preferred shares, the company is authorized to repurchase a total of approximately 10% of the public float of each respective series as follows:

• Up to 684,953 of the 6,849,533 outstanding series 1 preferred shares (BRFPrA) with a limit of 1,463 shares per day;

• Up to 311,053 of the 3,110,531 outstanding series 2 preferred shares (BRFPrB) with a limit of 1,000 shares per day;

• Up to 996,139 of the 9,961,399 outstanding series 3 preferred shares (BRFPrC) with a limit of 3,471 shares per day;

• Up to 411,450 of the 7,000,000 outstanding series 5 preferred shares (BRFPrE) with a limit of 1,000 shares per day; and

• Up to 700,000 of the 7,000,000 outstanding series 6 preferred shares (BRFPrF) with a limit of 1,306 shares per day.

Under stock exchange rules, any daily repurchases of the series 2 and 6 will be limited to 1,000 shares of the respective series.

Under Brookfield Renewable Partners’ normal course issuer bid for LP units, the company is authorized to repurchase up to 14,361,497 LP units, or 5% of its issued and outstanding units, with a limit of 56,459 LP units per day.

At the close of business on Dec. 6, there were 287,229,948 LP units issued and outstanding.

Under Brookfield Renewable Corp.’s normal course issuer bid for exchangeable shares, the company is authorized to repurchase up to 8,982,586 exchangeable shares, or 5% of its issued and outstanding shares, with a limit of 54,658 exchangeable shares per day.

At the close of business on Dec. 6, there were 179,651,726 exchangeable shares issued and outstanding.

Each of these series is limited to 25% of the average daily trading volume.

Brookfield has not made any purchases of the preferred shares in the past 12 months.

Brookfield Renewable is the flagship listed renewable power company of Brookfield Corp. Its portfolio can be accessed through Brookfield Renewable Partners LP, a Bermuda-based limited partnership, or Brookfield Renewable Corp., a Canadian corporation.

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