Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 38

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 38
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purposes, a U.S. Holder’s allocable share of the Partnership’s items of income, gain, loss, deduction, or credit will be governed by the limited partnership agreement of the Partnership if such allocations have “substantial
economic effect” or are determined to be in accordance with such U.S. Holder’s interest in the Partnership. Similarly, the Partnership’s allocable share of items of income, gain, loss, deduction, or credit of BRELP will be governed
by the limited partnership agreement of BRELP if such allocations have “substantial economic effect” or are determined to be in accordance with the Partnership’s interest in BRELP. The General Partner and the general partner of
BRELP believe that, for U.S. federal income tax purposes, such allocations should be given effect, and the General Partner and the general partner of BRELP intend to prepare and file tax returns based on such allocations. If the IRS were to
successfully challenge the allocations made pursuant to either the limited partnership agreement of the Partnership or the limited partnership agreement of BRELP, the resulting allocations for U.S. federal income tax purposes might be less favorable
than the allocations set forth in such agreements.

Basis.Each U.S. Holder will have an initial tax basis in its LP Units
equal to the amount of cash paid for such LP Units, increased by such holder’s share of the Partnership’s liabilities, if any. That basis will be increased by such U.S. Holder’s share of the Partnership’s income and by
increases in such U.S. Holder’s share of the Partnership’s liabilities, if any. That basis will be decreased, but not below zero, by distributions a U.S. Holder receives from the Partnership, by such U.S. Holder’s share of the
Partnership’s losses, and by any decrease in such U.S. Holder’s share of the Partnership’s liabilities. The IRS has ruled that a partner in a partnership, unlike a stockholder of a corporation, has a single, or
“unitary”, tax basis in his or her partnership interest. As a result, any amount a U.S. Holder pays to acquire additional LP Units (including through the distribution reinvestment plan, if available) will be averaged with the adjusted
tax basis of LP Units owned by such holder prior to the acquisition of such additional LP Units. The General Partner and the general partner of BRELP express no opinion regarding the appropriate methodology to be used in making this determination.
For purposes of the foregoing rules, the rules