Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 314

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 5
Chunk 314
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 earlier should the repurchases be completed prior to such date. Under this normal course issuer bid, Brookfield Renewable is permitted to repurchase up to 10% of the total public float for each respective series of its Class A Preferred Limited Partnership Units. Unitholders may receive a copy of the notice, free of charge, by contacting Brookfield Renewable. No units were repurchased during 2024 or 2023.

Limited partners’ equity, Redeemable/Exchangeable partnership units, and exchangeable shares

As at December 31, 2024, Brookfield Holders held a direct and indirect interest of approximately 48% of Brookfield Renewable on a fully-exchanged basis. Brookfield Holders held a direct and indirect interest of 313,640,823 LP units, Redeemable/Exchangeable partnership units, BEPC exchangeable shares and class A.2 exchangeable shares, on a combined basis and the remaining is held by public investors.

During the year ended December 31, 2024, Brookfield Renewable issued 285,010 LP units (2023: 304,899 LP units) under the distribution reinvestment plan at a total value of $7 million (2023: $8 million).

During the year ended December 31, 2024, holders of BEPC exchangeable shares exchanged 10,675 BEPC exchangeable shares (2023: 8,465 BEPC exchangeable shares) for an equivalent number of LP units amounting to less than $1 million (2023: less than $1 million).

In December 2024, Brookfield Renewable renewed its normal course issuer bid in connection with its LP units and outstanding BEPC exchangeable shares. Brookfield Renewable is authorized to repurchase up to 14,255,578 LP units and 8,982,042 BEPC exchangeable shares, representing 5% of each of its issued and outstanding LP units and BEPC exchangeable shares. The bids will expire on December 17, 2025, or earlier should Brookfield Renewable complete its repurchases prior to such date. During the year ended December 31, 2024, there were 2,279,654 LP units (2023: 1,856,044 units) repurchased and cancelled at a total cost of $52 million (2023: $43 million). During the year ended December 31, 2024, Brookfield Corporation purchased nil LP units (2023: 441,363 units). There were