Brookfield Renewable Announces at-the-Market Equity Issuance Program

Core Viewpoint - Brookfield Renewable Corporation and Brookfield Renewable Partners L.P. have initiated an "at the market" equity issuance program to offer up to $400 million of class A exchangeable subordinate voting shares, aimed at facilitating repurchases of non-voting limited partnership units and for general corporate purposes [1][2]. Group 1: ATM Program Overview - The ATM Program allows Brookfield Renewable to sell BEPC Shares at prevailing market prices through various exchanges, providing flexibility to issue shares when market conditions are favorable [4]. - The program is expected to be non-dilutive, maintaining the overall number of LP Units and BEPC Shares outstanding, despite potential temporary fluctuations during the issuance and repurchase process [3]. Group 2: Financial and Legal Framework - The BEPC Shares will be offered under a distribution agreement with Canadian and U.S. agents, and the program will terminate upon the earlier of the sale of all shares, termination of the agreement, or February 24, 2027 [6]. - The ATM Program is supported by a Canadian prospectus supplement and a U.S. prospectus supplement, which have been filed in accordance with applicable securities laws [7]. Group 3: Company Profile - Brookfield Renewable operates one of the largest publicly traded platforms for renewable power, with a diverse portfolio including hydroelectric, wind, solar, and sustainable solutions [10]. - The company is part of Brookfield Asset Management, which manages over $1 trillion in assets, highlighting its significant position in the renewable energy sector [11].