Company: BEP
Filing Date: 2025-04-02
Form Type: 424B3
Source: 0001193125-25-071429
Chunk: 18

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-04-02
Form: 424B3
Chunk 18
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 Certain Capital Events” below. The record
and payment dates for the dividends on the exchangeable shares, to the extent not prohibited by applicable law, shall be the same as the record and payment dates for the distributions upon the LP units.

If the full amount of a BEPC exchangeable dividend is not declared and paid concurrently with a distribution on the LP units, or is declared
but is not paid on the payment date, then the undeclared or unpaid amount of such BEPC exchangeable dividend shall accrue and accumulate (without interest), whether or not our company has earnings, whether or not there are funds legally available
for the payment thereof and whether or not such BEPC exchangeable dividend has been earned, declared or authorized. Any BEPC exchangeable dividend payment made shall first be credited against the earliest accumulated but unpaid exchangeable
dividends due which remain payable (“unpaid accrued dividends”). All BEPC exchangeable dividends shall be paid prior and in preference to any dividends or distributions on the BEPC class B shares. The holders of exchangeable shares
are not entitled to any dividends from our company other than the BEPC exchangeable dividends.

6

Class A.1 Shares and Class A.2 Shares

Pursuant to the Arrangement, the articles of Old BEPC were amended to create the class A.1 exchangeable subordinate shares (the
“ClassA.1 Shares”) and the Class A.2 Shares. Our company transferred the Old BEPC Shares it received from shareholders other than the Brookfield Group to Old BEPC in exchange for Class A.1 Shares and
the Brookfield Group transferred its Old BEPC Shares to Old BEPC in exchange for Class A.2 Shares, in each case on a one-for-one basis. The Class A.1 Shares
held by our company are exchangeable for LP units, but will generally only be exchanged by our company following an exchange by a holder of exchangeable shares in order to allow our company to satisfy its obligation to deliver LP units to the
exchanging holder of exchangeable shares, and not for our company’s own account. In addition, the Class A.2 Shares are exchangeable on a one-for-one basis by
the Brookfield Group into exchangeable shares (subject to an ownership cap that limits the exchange by the Brookfield Group of Class A.2 Shares such that exchanges by the Brookfield Group may not result in the Brookfield Group owning 9.5% or
more of the aggregate fair market value of all issued and