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Security Profile
- Security Type
- Common Stock
- CUSIP
- 11284V105
- Market Cap
- Large Cap
- Parent Company
- Brookfield Renewable Partners L.P. (BEP)
Business: Brookfield Renewable Corp operates one of the world’s largest publicly traded, pure-play renewable power platforms. The Company's portfolio consists of hydroelectric and wind facilities in North America, Latin America and Europe.
Notes: July 29, 2020 -- Brookfield Renewable Partners L.P. (“BEP”) (NYSE: BEP; TSX: BEP.UN), Brookfield Renewable Corporation (“Brookfield Renewable Corporation” or “BEPC”) (NYSE,TSX: BEPC) (or together “Brookfield Renewable”) and TerraForm Power, Inc. ("TerraForm Power" or "TERP") (Nasdaq: TERP) today jointly announced that TERP’s stockholders voted to approve the previously announced merger transactions (the “Merger”) in which Brookfield Renewable will acquire all of the outstanding shares of TERP, other than the approximately 62% already owned by Brookfield Renewable and its affiliates. The Merger is expected to close on July 31.<p>
Brookfield Renewable also intends to complete the previously announced special distribution of shares of Brookfield Renewable Corporation on July 30. From an economic and accounting perspective, the special distribution will be analogous to a unit split as it does not result in any underlying change to aggregate cash flows or net asset value except for the adjustment for the aggregate number of units/shares outstanding. Each BEP unitholder of record as of July 27 will receive one (1) class A exchangeable subordinate voting share of BEPC for every four (4) BEP units held. The shares will commence regular-way trading on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “BEPC” on July 30.
Company Contact
- CEO
- Connor Teskey
- CFO
- Wyatt Hartley
- Headquarters
- 250 Vesey Street, 15th Floor, New York, NY 10281-1023
- Phone
- 212-417-7000
- Investor Relations
- Cara Silverman · 416-649-8172 · cara.silverman@brookfield.com