Brookfield Renewable Partners ( ($TSE:BEP.UN) ) has provided an update.
Brookfield Renewable Partners announced the fixed and floating dividend rates for its Series 1 and Series 2 Class A Preference Shares. The Series 1 Shares will have a fixed annual dividend rate of 5.203% for five years starting May 1, 2025, while the Series 2 Shares will have a floating rate based on the yield of three-month Canadian treasury bills plus 2.62%. Shareholders have the option to convert between the two series under certain conditions. This announcement provides clarity on returns for investors and highlights the company’s strategic financial planning.
More about Brookfield Renewable Partners
Brookfield Renewable Partners operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Its portfolio includes hydroelectric, wind, utility-scale solar, and storage facilities, as well as investments in nuclear services, carbon capture, agricultural renewable natural gas, materials recycling, and eFuels manufacturing. It is the flagship renewable power company of Brookfield Asset Management, a global alternative asset manager with over $1 trillion in assets.
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