BEP and BEPC
The proposed simplification represents a simpler structure designed to deliver long-term value for all securityholders. For more information please see the Management Information Circular, Press Release and Presentation, as well as Frequently Asked Questions below.
The proposed simplification represents a simpler structure designed to deliver long-term value for all securityholders. For more information please see the Management Information Circular, Press Release and Presentation, as well as Frequently Asked Questions below.
Meeting and Voting
The special meeting of BEP Unitholders will be held virtually on October 14, 2026 at 11:00 a.m. (Toronto time), and the special meeting of BEPC Shareholders will be held virtually on October 14, 2026 at 12:00 p.m. (Toronto time). For more information on how to attend the meeting, who is eligible to vote and how to vote, please see the Management Information Circular.
BEP Frequently Asked Questions
The transaction is expected to drive long-term value for all BEP LP and BEPC investors through a simplified corporate structure, including through improved consolidated trading liquidity, increased demand from current indices and potential additional index inclusion, stronger alignment with long-term capital allocation trends, broader access to a larger pool of investors, and an enhanced governance framework and voting rights.
The transaction is generally expected to be tax-deferred for the vast majority of U.S. and Canadian BEP LP unitholders and eliminate onerous partnership tax reporting forms, including IRS Schedule K-1s and CRA T5013 partnership slips, for BEP LP unitholders.
The transaction can be completed without incurring any meaningful costs to the business. Further, following the transaction, the consolidated financial position of BEP Inc. is expected to be consistent with that of BEP and no impact to financial performance metrics is expected.
If the transaction is approved, you will receive one class A subordinate voting share of BEP Inc. (“BEP Inc. Class A Share”) for each BEP limited partnership unit (“BEP unit”) you own. If you hold your BEP unit(s) through a broker, bank, or other intermediary, you will receive your BEP Inc. Class A Share(s) in the same account you hold your BEP LP unit(s). The BEP Inc. Class A Shares can be bought and sold exactly as the previous BEP LP units were and will continue to trade on both the TSX and NYSE under the ticker symbol “BEP”.
No. The transaction will preserve your existing economic exposure to Brookfield Renewable since the BEP Inc. Class A Shares are structured to be economically equivalent to the BEP units.
The BEP preferred units will continue to trade on the TSX and the NYSE, as applicable, under the ticker “BEPF”. You do not need to take any action and there are no changes to the terms of the BEP preferred units.
Investors should review the Management Information Circular and vote on the simplification.
No, following completion of the transaction, BEP Inc. is expected to pay a dividend that is sustainable on a long-term basis and is consistent with the current BEP distribution policy. The transaction is intended to preserve your economic exposure to Brookfield Renewable, and Canadian and U.S. investors are generally expected to benefit from preferential dividend tax rates.
No. One of the key benefits of the transaction is the elimination of partnership tax reporting for BEP LP unitholders.
Investors will receive standard corporate tax reporting, including CRA T5 slips in Canada, IRS Forms 1099 in the U.S. and CRA NR4 slips for other non-Canadians.
The transaction is expected to be tax-deferred for the vast majority of Canadian and U.S. investors in BEP LP units. Taxable Canadian BEP LP unitholders will need to file a simple tax election to obtain tax-deferred treatment, which can be facilitated through https://bep.taxelection.ca/
Today, BEP units are non-voting limited partnership units. Following the transaction, the holders of BEP Inc. Class A Shares will have enhanced corporate governance rights as shareholders of a public corporation, including the right to vote on director elections and other shareholder matters.
BEP Inc. is expected to adopt a dividend reinvestment plan that is substantially similar to the distribution reinvestment plan currently available to BEP LP unitholders. Registered investors who currently participate in BEP’s DRIP will be required to re-enroll in the BEP Inc. DRIP following completion of the transaction.
BEP LP unitholders of record as of the close of business on August 21, 2026 may vote. The exchange of BEP LP units for BEP Inc. Class A Shares is not conditional on BEPC shareholder approval.
Voting instructions will be provided in the Management Information Circular and related meeting materials. The special meeting will be held on October 14, 2026 for BEP LP unitholders to vote.
If you hold through a broker, bank, or other intermediary, you should follow the voting instructions provided by that intermediary.
Closing is currently expected to occur in the fourth quarter of 2026, subject to approvals and closing conditions.
Eligible Canadian Unitholders who wish to make a joint tax election in connection with the transaction should complete the unitholder notice form and sent to [email protected] by 5:00 p.m. (Toronto time) October 26, 2026. Submission of the completed form does not constitute the making of a tax election and Eligible Canadian Unitholders must take additional steps as described in the unitholder notice form.
BEPC Frequently Asked Questions
If BEPC shareholders approve the simplification, the existing BEPC shares will be exchanged for BEP Inc. Class A Shares on a one-for-one basis. BEPC will be delisted and become a subsidiary of BEP Inc.
Investors should review the Management Information Circular and vote on the simplification.
No. The transaction will preserve your existing economic exposure to Brookfield Renewable since the BEP Inc. Class A Shares are structured to be economically equivalent to the BEPC shares.
No, following completion of the transaction, BEP Inc. is expected to pay a dividend that is sustainable on a long-term basis and is consistent with the current BEP distribution policy.
The transaction is expected to be automatically tax-deferred for the vast majority of Canadian and U.S. investors in BEPC shares, subject to individual circumstances. Investors should review the Management Information Circular and consult their tax advisors.
Following the transaction, BEP Inc. shareholders will have enhanced corporate governance rights as shareholders of a public corporation, including the right to vote on director elections and other shareholder matters.
BEPC shareholders of record as of the close of business on August 21, 2026 may vote.
Voting instructions will be provided in the Management Information Circular and related meeting materials. The special meeting will be held on October 14, 2026 for BEPC shareholders to vote.
Closing is currently expected to occur in the fourth quarter of 2026, subject to approvals and closing conditions.