Brookfield Renewable C$150M Preferred Unit Offering

Brookfield Renewable Partners L.P. announced an agreement to issue 6,000,000 5.75% Cumulative Minimum Rate Reset Class A Preferred Limited Partnership Units, Series 19, at C$25.00 per unit, raising C$150,000,000. A syndicate of underwriters, including Scotiabank, Bank of Montreal — BMO Capital Markets, Canadian Imperial Bank of Commerce — CIBC Capital Markets, National Bank of Canada Capital Markets, Royal Bank of Canada — RBC Capital Markets, and Meritz Securities Inc., is leading the offering. The Series 19 Preferred Units will provide a cumulative quarterly fixed distribution yielding 5.75% annually until July 31, 2031, after which the rate will reset every five years. Holders have the option to reclassify their units into Series 20 Preferred Units with a floating distribution rate. Brookfield Renewable Partners intends to use the net proceeds to fund eligible investments and repay indebtedness. The offering is expected to close around June 9, 2026, and is available in all provinces and territories of Canada, but not in the United States.