Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 1

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 7
Chunk 1
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 our outstanding LP units were held by 9 holders of record in the United States, not including LP units held of record by DTC. As of February 21, 2025, DTC was the holder of record of 64,871,650 LP units.

The following table sets forth information, as of February 21, 2025, regarding the beneficial ownership of LP units by each person that is a beneficial owner of more than 5% of our LP units, on a fully-exchanged basis.

  Name                                     LP units      Percentage of LP units  
 ─────────────────────────────────────────────────────────────────────────────────
  Brookfield Corporation (1)(2)(3)      313,640,823                         48%  

(1) Includes 194,487,939 Redeemable/Exchangeable partnership units which are redeemable for cash or exchangeable for LP units in accordance with the Redemption-Exchange Mechanism and 34,719,683 class A.2 exchangeable shares, which are exchangeable for LP units and 5,148,270 LP units and 10,094,152 BEPC exchangeable shares held by subsidiaries of Brookfield Wealth Solutions. Brookfield Corporation and Brookfield Wealth Solutions have agreed that all decisions to be made by subsidiaries of Brookfield Wealth Solutions with respect to the voting of the LP Units and BEPC exchangeable shares held by subsidiaries of Brookfield Wealth Solutions will be made jointly by mutual agreement of the applicable Brookfield Wealth Solutions subsidiary and Brookfield Corporation. In addition, Brookfield Corporation has an indirect general partnership interest in BEP and BRELP through its indirect wholly-owned subsidiary Brookfield Renewable Power Inc. All Redeemable/Exchangeable partnership units and all limited partnership units of BRELP held by BEP are non-voting. For additional information, see Item 10. B “ Memorandum and Articles of Association - Description of the Amended and Restated Limited Partnership Agreement of BRELP - Units”.

(2) Assuming the exchange of all of the outstanding Redeemable/Exchangeable partnership units and class A.2 exchangeable shares indirectly held by Brookfield Corporation and of all of the outstanding BEPC exchangeable shares and including Brookfield Asset Management’s indirect general partnership interests. Assuming that only the Redeemable/Exchangeable partnership units, BEPC exchangeable shares indirectly held by the Brookfield Holders and class A.2 exchangeable shares, as applicable, are exchanged for LP units, the percentage would be approximately 59.8%.

(3