GlobeNewswire·Oct 28, 2026, 7:30 AM ET

Brookfield Renewable Announces Extension of Voting Deadline and New Meeting Date for Proposed Corporate Simplification

BEP BEPC

Brookfield Renewable Partners L.P. (BEP) has rescheduled its Unitholders' Meeting to November 30, 2026, at 12:00 p.m. Toronto time to allow more time for voting on the proposed corporate structure simplification.
The updated proxy voting deadline for registered unitholders is 5:00 p.m. Toronto time on November 25, 2026.
Approval of the Simplification requires affirmative votes from unitholders holding at least two-thirds of all outstanding BEP units, a threshold not yet reached despite nearly 99.7% support on votes cast to date.
BEP unitholders have already received unanimous recommendations to vote in favor from the Board of Directors, ISS, Glass Lewis, and Scotiabank.
Shareholders of Brookfield Renewable Corporation (BEPC) have already approved the necessary resolutions, making the Simplification conditional only on BEP unitholder approval.
Benefits of the Simplification include improved trading liquidity, increased index inclusion, stronger alignment with capital allocation trends, simplified investor analysis, broader investor access, enhanced governance, and elimination of partnership tax reporting forms.
The transaction is expected to be tax-deferred for Canadian & U.S. investors with no meaningful cost to the business.
If approvals are obtained, the final court order hearing is expected around December 3, 2026, with completion anticipated in the fourth quarter of 2026.
Unitholders requiring assistance can contact Laurel Hill Advisory Group via email, text, or toll-free phone numbers provided in the announcement.