Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units
January 22 2021 - 5:00PM
Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) today
announced that after having taken into account all election notices
received by the January 18, 2021 deadline for the reclassification
of its Class A Preferred Limited Partnership Units, Series 7 (the
“Series 7 Units”) (TSX: BEP.PR.G) into Class A Preferred Limited
Partnership Units, Series 8 (the “Series 8 Units”), it has
determined that there will be no reclassification of Series 7 Units
into Series 8 Units, and holders of Series 7 Units will retain
their Series 7 Units.
There were 6,600 Series 7 Units tendered for
reclassification, which is less than the 1,000,000 units required
to give effect to reclassifications of Series 7 Units into Series 8
Units.
Brookfield Renewable operates
one of the world’s largest publicly traded, pure-play renewable
power platforms. Our portfolio consists of hydroelectric, wind,
solar and storage facilities in North America, South America,
Europe and Asia, and totals over 19,000 megawatts of installed
capacity and an 18,000 megawatt development pipeline. Investors can
access our portfolio either through Brookfield Renewable Partners
L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership,
or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian
corporation. Further information is available at
www.bep.brookfield.com and www.bep.brookfield.com/bepc. Important
information may be disseminated exclusively via the website;
investors should consult the site to access this
information.Brookfield Renewable is the flagship listed renewable
power company of Brookfield Asset Management, a leading global
alternative asset manager with approximately US$575 billion of
assets under management.For more information, please contact:
Media:Claire
HollandSenior Vice President, Communications Tel: (416) 369-8236
Email: claire.holland@brookfield.com |
Investors:Robin
KooymanSenior Vice President – Investor RelationsTel: (416)
649-8172Email: robin.kooyman@brookfield.com |
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