Brookfield Renewable Corp (BEPC)
NYSE · Common · CUSIP 11284V105
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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
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