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BROOKFIELD, News, Dec. 15, 2025 (GLOBE NEWSWIRE) — Brookfield Renewable today announced that the Toronto Stock Exchange (the “TSX”) has accepted notices filed by:
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- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“BEP”) of its intention to renew its normal course issuer bids for its limited partnership units (“LP Units”) and Class A preferred limited partnership units (“Preferred Units”);
- Brookfield Renewable Corporation (TSX: BEPC; NYSE: BEPC) (“BEPC” and together with BEP, “Brookfield Renewable”) of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares (“Exchangeable Shares”); and
- Brookfield Renewable Power Preferred Equity Inc. (“BRP Equity”) of its intention to renew its normal course issuer bid for its outstanding Class A preference shares (“Preferred Shares”). BRP Equity is a wholly-owned subsidiary of BEP.
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Brookfield Renewable believes that the renewed normal course issuer bid will provide the flexibility to use available funds to purchase LP Units, Preferred Units, Exchangeable Shares or Preferred Shares, as applicable, should they be trading in price ranges that do not fully reflect their value, representing an attractive use of available funds. There are currently three series of Preferred Units and five series of Preferred Shares outstanding and listed on the TSX.
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Under BEP’s normal course issuer bid for LP Units, BEP is authorized to repurchase up to 15,296,104 LP Units, representing 5% of its issued and outstanding LP Units. At the close of business on December 4, 2025, there were 305,922,080 LP Units issued and outstanding. Under BEP’s normal course issuer bid, it may repurchase up to 69,640 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 278,560 LP Units for the six months ended November 30, 2025.
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Under BEPC’s normal course issuer bid for Exchangeable Shares, BEPC is authorized to repurchase up to 7,244,255 Exchangeable Shares, representing 5% of its issued and outstanding Exchangeable Shares. At the close of business on December 4, 2025, there were 144,885,110 Exchangeable Shares issued and outstanding. Under BEPC’s normal course issuer bid, it may repurchase up to 65,073 Exchangeable Shares on the TSX during any trading day, which represents 25% of the average daily trading volume of 260,295 Exchangeable Shares for the six months ended November 30, 2025.
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Under BEP’s normal course issuer bid for Preferred Units, BEP is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Units as follows:
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| Series | Ticker | Issued and outstanding units1 | Public float1 | Average daily trading volume2 | Maximum number of units subject to purchase3 | |
| Total | Daily | |||||
| 7 | BEP.PR.G | 7,000,000 | 7,000,000 | 5,653 | 700,000 | 1,413 |
| 13 | BEP.PR.M | 10,000,000 | 10,000,000 | 3,600 | 1,000,000 | 1,000 |
| 18 | BEP.PR.R | 6,000,000 | 6,000,000 | 4,189 | 600,000 | 1,047 |
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1. Calculated as at December
4, 2025.
2. For the 6 months ended November 30, 2025.
3. In accordance with TSX rules, any daily repurchases with respect to the Series 13 Preferred Units
would be limited to 1,000 Series 13
Preferred Units.
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Under BRP Equity’s normal course issuer bid for Preferred Shares, BRP Equity is authorized to repurchase a total of approximately 10% of the public float of each respective series of the Preferred Shares as follows:
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| Series | Ticker | Issued and outstanding shares4 | Public float4 | Average daily trading volume5 | Maximum number of shares subject to purchase6 | |
| Total | Daily | |||||
| 1 | BRF.PR.A | 8,372,310 | 8,372,310 | 9,983 | 837,231 | 2,495 |
| 2 | BRF.PR.B | 1,587,754 | 1,587,754 | 3,937 | 158,775 | 1,000 |
| 3 | BRF.PR.C | 9,961,399 | 9,961,399 | 6,700 | 996,139 | 1,675 |
| 5 | BRF.PR.E | 7,000,000 | 4,114,504 | 1,030 | 411,450 | 1,000 |
| 6 | BRF.PR.F | 7,000,000 | 7,000,000 | 2,592 | 700,000 | 1,000 |
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