All amounts in US dollars unless otherwise indicated
BROOKFIELD, News, Dec. 15, 2025 (GLOBE NEWSWIRE) --
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“BEP”) of its intention to renew its normal course issuer bids for its limited partnership units (“LP Units”) and Class A preferred limited partnership units (“Preferred Units”);
Brookfield Renewable Corporation (TSX: BEPC; NYSE: BEPC) (“BEPC” and together with BEP, “Brookfield Renewable ”) of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”); and
- Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) of its intention to renew its normal course issuer bid for its outstanding Class A preference shares (“Preferred Shares”). BRP Equity is a wholly-owned subsidiary of BEP.
Under BEP’s normal course issuer bid for LP Units, BEP is authorized to repurchase up to 15,296,104 LP Units, representing 5% of its issued and outstanding LP Units. At the close of business on December 4, 2025, there were 305,922,080 LP Units issued and outstanding. Under BEP’s normal course issuer bid, it may repurchase up to 69,640 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 278,560 LP Units for the six months ended November 30, 2025.
Under BEPC’s normal course issuer bid for Exchangeable Shares, BEPC is authorized to repurchase up to 7,244,255 Exchangeable Shares, representing 5% of its issued and outstanding Exchangeable Shares. At the close of business on December 4, 2025, there were 144,885,110 Exchangeable Shares issued and outstanding. Under BEPC’s normal course issuer bid, it may repurchase up to 65,073 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 260,295 Exchangeable Shares for the six months ended November 30, 2025.
Under BEP’s normal course issuer bid for Preferred Units, BEP 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 | |||||
7 | BEP.PR.G | 7,000,000 | 7,000,000 | 5,653 | 700,000 | 1,413 |
13 | BEP.PR.M | 10,000,000 | 10,000,000 | 3,600 | 1,000,000 | 1,000 |
18 | BEP.PR.R | 6,000,000 | 6,000,000 | 4,189 | 600,000 | 1,047 |
1. Calculated as at December 4, 2025.
2. For the 6 months ended November 30, 2025.
3. In accordance with TSX rules, any daily repurchases with respect to the Series 13 Preferred Unitswould be limited to 1,000 Series 13Preferred 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 | 8,372,310 | 8,372,310 | 9,983 | 837,231 | 2,495 |
2 | BRF.PR.B | 1,587,754 | 1,587,754 | 3,937 | 158,775 | 1,000 |
3 | BRF.PR.C | 9,961,399 | 9,961,399 | 6,700 | 996,139 | 1,675 |
5 | BRF.PR.E | 7,000,000 | 4,114,504 | 1,030 | 411,450 | 1,000 |
6 | BRF.PR.F | 7,000,000 | 7,000,000 | 2,592 | 700,000 | 1,000 |
4. Calculated as at December 4, 2025.
5. For the 6 months ended November 30, 2025.
6. In accordance with TSX rules, any daily repurchases with respect to theSeries 2 Preferred Shares, the Series 5 Preferred Shares and the Series 6 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 December 18, 2025 and each normal course issuer bid will terminate on December 17, 2026, or earlier should
Under BEP’s prior normal course issuer bid for LP Units that commenced on December 18, 2024 and expires on December 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 14,255,578 LP Units. As of December 4, 2025, BEP has repurchased 1,522,975 LP Units under its current normal course issuer bid through open market transactions on the TSX and alternative trading systems at a weighted average price per LP Unit of approximately CDN$31.9363.
Under BEPC’s prior normal course issuer bid that commenced on December 18, 2024 and expires on December 17, 2025, BEPC previously sought and received approval from the TSX to repurchase up to 8,982,042 Exchangeable Shares. BEPC has not repurchased any Exchangeable Shares under its existing normal course issuer bid in the past 12 months.
Under BEP’s prior normal course issuer bid for Preferred Units that commenced on December 18, 2024 and expires on December 17, 2025, BEP previously sought and received approval from the TSX to repurchase up to 700,000 Series 7 Preferred Units, 1,000,000 Series 13 Preferred Units, and 600,000 Series 18 Preferred Units. BEP did not repurchase any Preferred Units under this normal course issuer bid.
Under BRP Equity’s prior normal course issuer bid that commenced on December 18, 2024 and expires on December 17, 2025, BRP Equity previously sought and received approval from the TSX to repurchase up to 684,953 Series 1 Preferred Shares, 311,053 Series 2 Preferred Shares, 996,139 Series 3 Preferred Shares, 411,450 Series 5 Preferred Shares and 700,000 Series 6 Preferred Shares. BRP Equity did not repurchase any Preferred Shares under this normal course issuer bid.
All purchases of the LP Units and Exchangeable Shares will be effected through the facilities of the TSX and/or the
BEP and BEPC intend to enter into automatic share purchase plans, which have been pre-cleared by the TSX, on or about the week of December 22, 2025 in relation to their respective normal course issuer bids. The automatic share purchase plans will allow for the purchase of LP Units, Preferred Units and Exchangeable Shares, as applicable, subject to certain trading parameters, at times when BEP or BEPC, as applicable, ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside these periods, LP Units, Preferred Units or Exchangeable Shares, as applicable, will be repurchased in accordance with management’s discretion, in compliance with applicable law.
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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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