Brookfield Renewable's preferred shares are traded on the Toronto Stock Exchange. If you have any questions about the information and details below, please contact Investor Relations at [email protected] or at 1-833-236-0278.
For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid to Canadian residents on the Preferred Shares, are designated as “eligible dividends”.
| Class A Preference Shares** | TSX Listed | CUSIP | Annualized Dividend Basis | Description* | Record Date**** | Payment Date*** | Share Provisions |
|---|---|---|---|---|---|---|---|
| Series 1 | BRF.PR.A | 11283Q206 | 3.137%1,2 | Fixed Rate, Perpetual and Exchangeable to Series 2 (certain restrictions apply) |
15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
| Series 2 | BRF.PR.B | 11283Q305 | 3 month GOC T-bill plus 2.62% (Floating)2 | Quarterly Floating Rate, Perpetual and Exchangeable to Series 1 (certain restrictions apply) | 15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
| Series 3 | BRF.PR.C | 11283Q404 | 6.519% | Fixed Rate, Perpetual and Exchangeable to Series 4 (certain restrictions apply) |
15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
| Series 5 | BRF.PR.E | 11283Q602 | 5.0%3 | Fixed Rate, Perpetual Redeemable (certain restrictions apply) |
15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
| Series 6 | BRF.PR.F | 11283Q701 | 5.0% | Fixed Rate, Perpetual Redeemable (certain restrictions apply) |
15th day of Jan, April, July and Oct | Last day of Jan, April, July and Oct | View |
1. Rate was reset from 3.355% effective May 1, 2020.
2. On April 15, 2015, a total of 4,518,289 of the 10,000,000 Class A Preference Shares Series 1 (“Series 1 Preferred Shares”) outstanding were elected for conversion, on a one-for-one basis, into floating rate Class A Preference Shares Series 2 (“Series 2 Preferred Shares”). Consequently, effective April 30, 2015, Brookfield Renewable will have 5,481,711 Series 1 Preferred Shares and 4,518,289 Series 2 Preferred Shares issued and outstanding.
3. On February 8, 2016, 2,885,496 shares of Class A Preference Shares, Series 5 were exchanged for Class A Preferred Limited Partnership Units, Series 5, leaving a total of 4,114,504 shares remaining.
* Please refer to Share Provisions on each series of preferred shares for further details on redemption dates, convertible options, dividend rates, etc.
** All share dividend payments are subject to declaration by The Board of Directors of Brookfield Renewable Power Preferred Equity Inc.
*** If such day is not a business day, the payment date shall be the following business day.
**** If the Record Date falls on a non-business day, it will be moved to the preceding business day.
- Series 1 Press Release – April 1, 2015
- Series 6 Prospectus Supplement – April 24, 2013
- Series 5 Prospectus Supplement – January 22, 2013
- Series 3 Prospectus Supplement – October 2, 2012
- Short Form Base Shelf Prospectus – January 23, 2012
- Series 1 Short Form Prospectus – March 3, 2010
Preferred LP Units
Brookfield Renewable's preferred LP units are traded on the Toronto Stock Exchange. Preferred LP unitholders will receive, as part of their distributions, dividends paid by a Canadian corporation. For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, such dividends are designated as “eligible dividends” and will be reflected as such on the Canadian tax slip.
| Class A Preferred Limited Partnership Units | TSX Listed | CUSIP | Annualized Distribution Basis* | Description** | Record Date**** | Payment Date*** | Prospectus Supplement |
|---|---|---|---|---|---|---|---|
| Series 7 | BEP.PR.G | G16258132 | 5.5%1 | Fixed Rate, Rate Reset and may be Reclassified to Series 8 (certain restrictions apply) | 15th day of Jan, April, July & Oct | Last day of of Jan, April, July & Oct | View |
| Series 13 | BEP.PR.M | G16258405 | 6.05%2 | Fixed rate, rate reset and may be reclassified | 15th day of Jan, April, July & Oct | Last day of Jan, April, July and Oct | View |
| Series 18 | BEP.PR.R | G16258264 | 5.50% | Fixed rate, perpetual redeemable (certain restrictions apply) | 15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
| Class A Preferred Limited Partnership Units | NYSE Listed | CUSIP | Annualized Distribution Basis* | Description** | Record Date**** | Payment Date*** | Prospectus Supplement |
|---|---|---|---|---|---|---|---|
| Series 17 | BEP.PR.A | G16258231 | 5.25% | Fixed rate, perpetual redeemable (certain restrictions apply) | 15th day of Jan, April, July & Oct | Last day of Jan, April, July & Oct | View |
1. Commencing January 31, 2026, the distribution rate will be reset every five years at a rate equal to the greater of (i) the 5-year Government of Canada bond yield plus 4.47%, and (ii) 5.50%. Holders of the Series 7 Preferred Units will have the right, at their option, to reclassify their Series 7 Preferred Units into Cumulative Floating Rate Reset Class A Preferred Limited Partnership Units, Series 8.
2. Commencing April 30, 2028, the distribution rate will be reset every five years at a rate equal to the greater of (i) the 5-year Government of Canada bond yield plus 3.00%, and (ii) 5.00%. Holders of the Series 13 Preferred Units will have the right, at their option, to reclassify their Series 13 Preferred Units into Cumulative Floating Rate Reset Class A Preferred Limited Partnership Units, Series 14.
* All unit distribution payments are subject to declaration by The Board of Directors of the GP of Brookfield Renewable Partners L.P.
** Please refer to Unit Provisions for further details.
*** If such day is not a business day, the payment date shall be the following business day.
****If the Record Date falls on a non-business day, it will be moved to the preceding business day.