Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 575

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 575
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 A Preference Shares of Brookfield Renewable Power Preferred Equity Inc. (“ BRP Equity”) as follows:

                                        Shares      Cumulative      Earliest        Dividends declared for                Carrying value as at                         
                                   outstanding        dividend      permitted               the year ended                                                             
                                                      rate (%)      redemption                 December 31                                                             
                                                                    date                                                                                               
  (MILLIONS, EXCEPT AS NOTED)                                                                         2024      2023      December 31, 2024         December 31, 2023  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Series 1 (C$ 136)                       6.85             3.1      April 2025                           $         $      $                         $                  
  Series 2 (C$ 113) (1)                   3.11             6.6      April 2025                           4         4      54                        58                 
  Series 3 (C$ 249)                       9.96             6.5      July 2024                           10         8      172                       187                
  Series 5 (C$ 103)                       4.11             5.0      April 2018                           4         4      71                        77                 
  Series 6 (C$ 175)                       7.00             5.0      July 2018                            6         7      121                       132                
                                         31.03                                                           $         $      $                         $                  

(1) Dividend rate represents annualized distribution based on the most recent quarterly floating rate.

During the third quarter of 2024, Brookfield Renewable declared the fixed quarterly distributions on the Class A Preference Series 3 Shares during the five years commencing August 1, 2024 will be paid at an annual rate of 6.519

Distributions paid during the year ended December 31, 2024, totaled$ 28(2023: $ 27 and 2022: $ 26).

The Class A Preference Shares do not have a fixed maturity date and are not redeemable at the option of the holders. As at December 31, 2024, none of the issued Class A, Series 5 and 6 Preference Shares have been redeemed by BRP Equity.

In December 2024, the Toronto Stock Exchange accepted notice of BRP