Brookfield Renewable (BEPC) has released an update.
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Brookfield Renewable has announced a reorganization to maintain the benefits of its current business structure while countering potential additional costs from proposed tax law changes in Canada. The move is set to be tax-deferred for most investors, ensuring they retain equivalent economic benefits and governance. Shareholders will vote on the proposed plan, expected to complete in the fourth quarter of 2024, in a December virtual meeting.
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