All amounts in Canadian dollars unless otherwise stated
Holders of Series 1 Shares have the right, at their option, exercisable not later than 5:00 p.m. (
The quarterly floating rate dividends on the Series 2 Shares will be paid at an annual rate, calculated for each quarter, of 2.62% over the annual yield on three-month Government of
Holders of Series 2 Shares have the right, at their option, exercisable not later than 5:00 p.m. (
As provided in the share conditions of the Series 1 Shares, (i) if BRP Equity determines that there would be fewer than 1,000,000 Series 1 Shares outstanding after April 30, 2020, all remaining Series 1 Shares will be automatically converted into Series 2 Shares on a one-for-one basis effective April 30, 2020; and (ii) if BRP Equity determines that there would be fewer than 1,000,000 Series 2 Shares outstanding after April 30, 2020, no Series 1 Shares will be permitted to be converted into Series 2 Shares. There are currently 5,449,675 Series 1 Shares outstanding.
As provided in the share conditions of the Series 2 Shares, (i) if BRP Equity determines that there would be fewer than 1,000,000 Series 2 Shares outstanding after April 30, 2020, all remaining Series 2 Shares will be automatically converted into Series 1 Shares on a one-for-one basis effective April 30, 2020; and (ii) if BRP Equity determines that there would be fewer than 1,000,000 Series 1 Shares outstanding after April 30, 2020, no Series 2 Shares will be permitted to be converted into Series 1 Shares. There are currently 4,510,389 Series 2 Shares outstanding.
Brookfield Renewable Partners
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 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.
| Contact information: | ||
| Media: Claire Holland Senior Vice President – Communications (416) 369-8236 [email protected] | Investors: Cara Silverman Manager – Investor Relations (416) 649-8172 [email protected] | |
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