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.

Distribution Period Record Date Payment Date Distribution per Unit
November 2016 – January 2017 January 15, 2017 January 31, 2017 CAD $0.3494
August 2016 – October 2016 October 15, 2016 October 31, 2016 CAD $0.3494
May 2016 – July 2016 July 15, 2016 July 31, 2016 CAD $0.3494
February 2016 – April 2016 April 15, 2016 April 30, 2016 CAD $0.3494
Distribution Period Record Date Payment Date Distribution per Unit
November 2016 – January 2017 January 15, 2017 January 31, 2017 CAD $0.34375
August 2016 – October 2016 October 15, 2016 October 31, 2016 CAD $0.34375
May 2016 – July 2016 July 15, 2016 July 31, 2016 CAD $0.34375
February 2016 – April 2016 April 15, 2016 April 30, 2016 CAD $0.34375
November 25, 2015 – January 2016 January 15, 2016 January 31, 2016 CAD $0.2524
Distribution Period Record Date Payment Date Distribution per Unit
November 2016 – January 2017 January 15, 2017 January 31, 2017 $0.359375
August 2016 – October 2016 October 15, 2016 October 31, 2016 $0.359375
May 2016 – July 2016 July 15, 2016 July 31, 2016 $0.2639
Class A
Preferred
Limited
Partnership
Units
TSX Listed CUSIP Annualized
Distribution
Basis*
Description** Record
Date****
Payment
Date***
Prospectus
Supplement
Series 5 BEP.PR.E G16258157 5.59%1 Fixed rate, perpetual redeemable
(certain restrictions apply)
15th day of Jan, April, July & Oct Last day of of Jan, April, July & Oct  
Series 7 BEP.PR.G G16258132 5.5%2 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  
Series 9 BEP.PR.I G16258165 5.75%3 Fixed rate, rate reset and may be reclassified 15th day of Jan, April, July & Oct Last day of of Jan, April, July & Oct  

1. 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.

2. Commencing on January 31, 2021, the distribution rate will be reset every five years at a rate equal to the greater of (i) 5-year Government of Canada bond yield plus 4.47%, and (ii) 5.50%. On this date, the Series 7 Preferred Units may, at the holder’s option, be reclassified to Series 8 Preferred Units, which will pay a floating quarterly distribution rate.

3. Commencing July 31, 2021, 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 5.01%, and (ii) 5.75%. Holders of the Series 9 Preferred Units will have the right, at their option, to reclassify their Series 9 Preferred Units into Cumulative Floating Rate Reset Class A Preferred Limited Partnership Units, Series 10.

* All unit distribution payments are subject to declaration by The Board of Directors of the GP of Brookfield Renewable Energy.

** 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.