All amounts in US dollars unless otherwise indicated
BROOKFIELD, News,
Under Brookfield Renewable’s normal course issuer bid for Preferred Units, Brookfield Renewable is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Units as follows:
| Series | Ticker | Issued and outstanding units1 | Public float1 | Average daily trading volume2 | Maximum number of units subject to purchase3 | |
| Total | Daily | |||||
| 5 | BEP.PR.E | 2,885,496 | 2,885,496 | 2,336 | 288,549 | 1,000 |
| 7 | BEP.PR.G | 7,000,000 | 7,000,000 | 7,831 | 700,000 | 1,957 |
| 11 | BEP.PR.K | 10,000,000 | 10,000,000 | 6,888 | 1,000,000 | 1,722 |
| 13 | BEP.PR.M | 10,000,000 | 10,000,000 | 7,252 | 1,000,000 | 1,813 |
| 15 | BEP.PR.O | 7,000,000 | 7,000,000 | 6,310 | 700,000 | 1,577 |
1. Calculated as atJuly 2, 2021.
2. For the 6 months ended
3. In accordance with TSX rules, any daily repurchases with respect to the Series 5Preferred Units would be limited to 1,000 Preferred Units.
Under BRP Equity’s normal course issuer bid for Preferred Shares, BRP Equity is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Shares as follows:
| Series | Ticker | Issued and outstanding shares4 | Public float4 | Average daily trading volume5 | Maximum number of shares subject to purchase6 | |
| Total | Daily | |||||
| 1 | BRF.PR.A | 6,849,533 | 6,849,533 | 14,051 | 684,953 | 3,512 |
| 2 | BRF.PR.B | 3,110,531 | 3,110,531 | 2,803 | 311,053 | 1,000 |
| 3 | BRF.PR.C | 9,961,399 | 9,961,399 | 8,963 | 996,139 | 2,240 |
| 5 | BRF.PR.E | 7,000,000 | 4,114,504 | 2,773 | 411,450 | 1,000 |
| 6 | BRF.PR.F | 7,000,000 | 7,000,000 | 4,152 | 700,000 | 1,038 |
4. Calculated as at
5. For the 6 months ended
6. In accordance with TSX rules, any daily repurchases with respect to the Series 2 Preferred Shares and the Series 5 Preferred Shares would be limited to 1,000 Preferred Shares of such series.
Repurchases under each normal course issuer bid are authorized to commence on
Under Brookfield Renewable’s prior normal course issuer bid that commenced on
Under BRP Equity’s prior normal course issuer bid that commenced on
All purchases of the Preferred Units and Preferred Shares will be effected through the facilities of the TSX and/or alternative trading systems, and all Preferred Units and Preferred Shares acquired under the applicable normal course issuer bid will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws.
From time to time, when Brookfield Renewable or BRP Equity does not possess material non-public information about itself or its securities, it may enter into automatic purchase plans with its broker to allow for the purchase of Preferred Units or Preferred Shares, as applicable, at times when it ordinarily would not be active in the market due to its own internal trading blackout periods and insider trading rules. Any such plans entered into with the broker of Brookfield Renewable or BRP Equity will be adopted in accordance with applicable Canadian securities laws. The series of Preferred Units and Preferred Shares subject to an automatic purchase plan may vary. Outside of these periods, Preferred Units and Preferred Shares will be repurchased in accordance with management’s discretion and in compliance with applicable law.
Brookfield Renewable 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 21,000 megawatts of installed capacity and an approximately 27,000 megawatts 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 $600 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: |
| Senior Vice President – Communications | Senior Vice President – Investor Relations |
| (416) 369-8236 | (416) 369-2616 |
| [email protected] | [email protected] |
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 applicable
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