BEP Distributions

Distributions to our shareholders are determined by our general partner. Our general partner has adopted a distribution policy under which our partnership currently pays quarterly cash distributions of US $0.392 per unit per quarter.

This distribution policy targets a distribution level that is sustainable on a long-term basis while retaining sufficient liquidity for capital expenditures within our current operations and general purposes.

We believe that a distribution representing on average 70% of funds from operations will allow us to meet these objectives. We are targeting 5% to 9% annual growth in cash distributions to L.P. shareholders.

Note: If the Record or Payment Date falls on a non-business day, it will be moved to the preceding business day.

The quarterly distributions payable on the Partnership’s L.P. Units are declared in U.S. dollars. Beginning with the fourth quarter distribution payable December 31, 2016, unitholders resident in the United States will receive payment in U.S. dollars and unitholders resident in Canada will receive the Canadian dollar equivalent unless they request otherwise. The Canadian dollar equivalent of the quarterly distribution will be based on the Bank of Canada daily average exchange rate on the record date or, if the record date falls on a weekend or holiday, on the Bank of Canada daily average exchange rate of the preceding business day.

Registered unitholders resident in Canada who wish to receive a U.S. dollar distribution and registered unitholders resident in the United States wishing to receive the Canadian dollar distribution equivalent should contact Brookfield Renewable’s transfer agent, Computershare Trust Company of Canada, in writing at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1 or by phone at 1-800-564-6253. Beneficial unitholders (i.e., those holding their units in street name with their brokerage) should contact the broker with whom their units are held.

Shareholders of Brookfield Renewable Partners who are resident in Canada have the opportunity to acquire additional shares by reinvesting all or a portion of their cash distributions without paying commissions through our Distribution Reinvestment Plan. The Plan is not currently available to residents of the United States. Holders in other jurisdictions may participate in the Plan provided that there are no laws or governmental regulations that may limit or prohibit them from participating in the Plan.

Participants do not pay any costs associated with this plan, including brokerage commissions, except in connection with the sale of shares held under the Plan.

For more information about the DRIP and a copy of the plan, click here.

To enroll in the DRIP, please contact your investment advisor or brokerage firm.

Inquiries may be addressed to Computershare Trust Company of Canada, the Plan Administrator, as follows:

Internet: www.computershare.com/investorcentrecanada

Telephone: 1-800-564-6253 (toll free in North America) or (514) 982-7555 (for the hearing impaired)

Mail: Computershare Trust Company of Canada
320 Bay Street, 14th Floor,
Toronto, Ontario
M5H 4A6