Brookfield Renewable Partners L.P. has announced:
that it intends to redeem all of its outstanding Class A Preferred Limited Partnership Units, Series 7 (the “Series 7 Preferred Units”) (TSX: BEP.PR.G) for cash on January 31, 2026. The redemption price for each Series 7 Preferred Unit will be C$25.00 for an aggregate cost of C$175 million, funded from available liquidity. Holders of Series 7 Preferred Units of record as of January 15, 2026 will receive the previously declared final quarterly distribution of C$0.34375 per Series 7 Preferred Unit.
BEP.PR.G was issued as a Preferred Units FixedReset 5.50%+447M550, that commenced trading 2015-11-25 after being announced 2015-11-17. The issue reset to the minimum guaranteed rate of 5.50% in 2021. It must be remembered that the taxation status of the distributions is complex and – what’s more – can vary wildly from year to year.
Thanks to Assiduous Reader Niagara for bringing this to my attention!