Brookfield Renewable Completes Preferred Share Offering

Brookfield Renewable Power Preferred Equity Inc. (the “Corporation”), a subsidiary of Brookfield Renewable Energy Partners L.P. completed an offering of 7,000,000 5 per cent perpetual Class A Preference Shares, Series 5 at a price of $25.00 per Series 5 Share for total gross proceeds of $175 million.

The offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Genuity Corp., FirstEnergy Capital Corp., GMP Securities L.P., Jacob Securities Inc., Laurentian Bank Securities Inc. and Stifel Nicolaus Canada Inc.

Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric.

Torys LLP represented the Corporation with a team that included Rima Ramchandani, Steven Slavens, Jonathan Cescon (corporate/securities) and Catrina Card (tax).

Goodmans LLP represented the Underwriters with a team that included Lawrence Chernin, Bill Gorman, Brad Hennick and Shazia Banduk (corporate/securities) and Maureen Berry (tax).