BROOKFIELD RENEWABLE ANNOUNCES AUTOMATIC PURCHASE PLAN
March 31 2020 - 6:50AM
Brookfield Renewable Partners L.P. (
TSX: BEP.UN;
NYSE: BEP) (“
Brookfield
Renewable”) today announced that, in connection with its
previously announced normal course issuer bid
(“
NCIB”), it has entered into an automatic
purchase plan with its designated broker. The automatic purchase
plan, which has been pre-cleared by the Toronto Stock Exchange,
will allow for the purchase of Brookfield Renewable’s outstanding
limited partnership units (the “
LP Units”),
subject to certain trading parameters, at times when Brookfield
Renewable ordinarily would not be active in the market due to its
own internal trading black-out periods, insider trading rules or
otherwise. Outside of these periods, LP Units will be repurchased
in accordance with management’s discretion and in compliance with
applicable law. The actual number of LP Units purchased under the
automatic plan, the timing of such purchases and the price at which
LP Units are purchased will depend upon future market conditions.
Brookfield Renewable Partners
Brookfield Renewable Partners 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 approximately 19,000 megawatts of installed
capacity and an approximately 13,000 megawatt development pipeline.
Brookfield Renewable is listed on the New York and Toronto stock
exchanges. Further information is available at
https://bep.brookfield.com. 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 over $540 billion of assets
under management.
Please note that Brookfield Renewable’s previous
audited annual and unaudited quarterly reports filed with the U.S.
Securities and Exchange Commission (“SEC”) and
securities regulators in Canada, are available on our website at
https://bep.brookfield.com, on SEC’s website at www.sec.gov and on
SEDAR’s website at www.sedar.com. Hard copies of the annual and
quarterly reports can be obtained free of charge upon request.
Contact information: |
|
|
|
Media: |
Investors: |
Claire Holland |
Robin Kooyman |
Senior Vice President – Communications |
Senior Vice President – Investor
Relations |
(416) 369-8236 |
(416) 649-8172 |
claire.holland@brookfield.com |
robin.kooyman@brookfield.com |
Cautionary Statement Regarding Forward-looking
Statements
This news release contains forward-looking
statements and information within the meaning of Canadian
securities laws and “forward-looking statements” within the meaning
of Section 27A of the U.S. Securities Act of 1933, as
amended, Section 21E of the U.S. Securities Exchange Act
of 1934, as amended, “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995 and in any
applicable Canadian securities regulations. Forward-looking
statements may include estimates, plans, expectations, opinions,
forecasts, projections, guidance or other statements that are not
statements of fact. Forward-looking statements can be identified by
the use of words such as “will”, “believes” and “may” or variations
of such words and phrases and include statements regarding
potential future purchases by Brookfield Renewable. Although
Brookfield Renewable believes that these forward-looking statements
and information are based upon reasonable assumptions and
expectations, the reader should not place undue reliance on them,
or any other forward-looking statements or information in this news
release. The future performance and prospects of Brookfield
Renewable are subject to a number of known and unknown risks and
uncertainties. Factors that could cause actual results of
Brookfield Renewable to differ materially from those contemplated
or implied by the statements in this news release include: general
economic conditions; interest rate changes; availability of equity
and debt financing; the performance of the Units or the stock
exchanges generally; and other risks and factors described in the
documents filed by Brookfield Renewable with securities regulators
in Canada and the United States including under “Risk Factors” in
Brookfield Renewable’s most recent Annual Report on Form 20-F and
other risks and factors that are described therein.
Except as required by law, Brookfield Renewable
does not undertake any obligation to publicly update or revise any
forward-looking statements or information, whether written or oral,
whether as a result of new information, future events or
otherwise.
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