Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 36

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 36
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Units, the distribution would be treated as gain from the sale or exchange of such LP Units. The amount of a distribution treated as a dividend could be eligible for reduced rates of taxation, provided certain conditions are met. In addition,
dividends, interest and certain other passive income received by the Partnership with respect to U.S. investments generally would be subject to U.S. withholding tax at a rate of 30% (although certain Non-U.S.
Holders nevertheless might be entitled to certain treaty benefits in respect of their allocable share of such income), and U.S. Holders would not be allowed a tax credit with respect to any such tax withheld. In addition, the “portfolio
interest” exemption would not apply to certain interest income of the Partnership (although certain Non-U.S. Holders nevertheless might be entitled to certain treaty benefits in respect of their
allocable share of such income). Depending on the circumstances, additional adverse U.S. federal income tax consequences could result under the Treasury Regulations under Section 385 of the Code or other provisions of the Code, as implemented
by the Treasury Regulations and IRS administrative guidance. Based on the foregoing consequences, the treatment of the Partnership as a corporation could materially reduce an LP Unitholder’s after-tax
return and therefore could result in a substantial reduction of the value of LP Units. If BRELP were to be treated as a corporation for U.S. federal income tax purposes, consequences similar to those described above would apply to the
Partnership’s interests in BRELP.

The remainder of this summary assumes that the Partnership and BRELP will be treated as
partnerships for U.S. federal tax purposes. The Partnership expects that a substantial portion of the items of income, gain, deduction, loss, or credit realized by the Partnership will be realized in the first instance by BRELP and allocated to the
Partnership for reallocation to LP Unitholders. Unless otherwise specified, references in this section to realization of the Partnership’s items of income, gain, loss, deduction, or credit include a realization of such items by BRELP and the
allocation of such items to the Partnership.

Consequences to U.S. Holders

Holding of LP Units

Income and loss. Each U.S. Holder must take into account, as described below, its allocable share of the Partnership’s items of income, gain, loss, deduction, and credit for each of the Partnership’s taxable years ending with or within
such U.S. Holder’s taxable year. Each item generally