Brookfield Renewable announces renewal of its normal course issuer bid

Brookfield Renewable announced that the Toronto Stock Exchange, or TSX, has accepted notices filed by: Brookfield Renewable Partners (BEP) of its intention to renew its normal course issuer bids for its limited partnership units and Class A preferred limited partnership units; Brookfield Renewable Corporation (BEPC) of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares; and Brookfield Renewable Power Preferred Equity of its intention to renew its normal course issuer bid for its outstanding Class A preference shares. BRP Equity is a wholly-owned subsidiary of BEP. Under BEP’s normal course issuer bid for LP Units, BEP is authorized to repurchase up to 13,764,352 LP Units, representing 5% of its issued and outstanding LP Units. At the close of business on December 4, there were 275,287,041 LP Units issued and outstanding. Under BEP’s normal course issuer bid, it may repurchase up to 57,264 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 229,059 LP Units for the six months ended November 30. Under BEPC’s normal course issuer bid for Exchangeable Shares, BEPC is authorized to repurchase up to 8,610,905 Exchangeable Shares, representing 5% of its issued and outstanding Exchangeable Shares. At the close of business on December 4, there were 172,218,116 Exchangeable Shares issued and outstanding. Under BEPC’s normal course issuer bid, it may repurchase up to 52,810 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 211,241 Exchangeable Shares for the six months ended November 30.