Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 446

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 446
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 simplifying assumptions that BEP will make in determining the amount of such distributions, and depending upon whether a U. S. Holder elects to reinvest such distributions pursuant to the distribution reinvestment plan, if available, a U. S. Holder’s tax liability might exceed cash distributions made by BEP, in which case any tax liabilities arising from the ownership of LP units would need to be satisfied from such U. S. Holder’s own funds.

With respect to U. S. Holders who are individuals, certain dividends paid by a corporation (including certain qualified foreign corporations) to BEP and that are allocable to such U. S. Holders may qualify for reduced rates of taxation. A qualified foreign corporation includes a foreign corporation that is eligible for the benefits of specified income tax treaties with the United States. In addition, a foreign corporation is treated as a qualified foreign corporation with respect to its shares that are readily tradable on an established securities market in the United States. Among other exceptions, U. S. Holders who are individuals will not be eligible for reduced rates of taxation on any dividends if the payer is a PFIC for the taxable year in which such dividends are paid or for the preceding taxable year. Dividends received by non-corporate U. S. Holders may be subject to an additional Medicare tax on unearned income of 3.8% (see “ - Medicare Tax” below). U. S. Holders that are corporations generally will not be entitled to a “dividends received deduction” in respect of dividends paid by non-U. S. corporations in which BEP (through BRELP) owns stock. Each U. S. Holder should consult its own tax adviser regarding the application of the foregoing rules in light of its particular circumstances.

For U. S. federal income tax purposes, a U. S. Holder’s allocable share of BEP’s items of income, gain, loss, deduction, or credit will be governed by the Amended and Restated Limited Partnership Agreement of BEP if such allocations have “substantial economic effect” or are determined to be in accordance with such U. S. Holder’s interest in BEP. Similarly, BEP’s allocable share of items of income, gain, loss, deduction, or credit of BRELP will be governed by the Amended and Restated Limited Partnership Agreement of BRELP if such allocations have “substantial economic effect” or are determined to be in accordance with BEP’s interest in BRELP. The Managing