{"id":51320,"date":"2026-01-02T22:03:02","date_gmt":"2026-01-03T03:03:02","guid":{"rendered":"https:\/\/prefblog.com\/?p=51320"},"modified":"2026-01-02T22:10:24","modified_gmt":"2026-01-03T03:10:24","slug":"bep-pr-g-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51320","title":{"rendered":"BEP.PR.G To Be Redeemed"},"content":{"rendered":"<p>Brookfield Renewable Partners L.P. <a href=\"https:\/\/bep.brookfield.com\/press-releases\/bep\/brookfield-renewable-announces-intention-redeem-its-series-7-preferred-units\">has announced<\/a>:<\/p>\n<blockquote><p>that it intends to redeem all of its outstanding Class A Preferred Limited Partnership Units, Series 7 (the \u201cSeries 7 Preferred Units\u201d) (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.<\/p><\/blockquote>\n<p>BEP.PR.G was issued as a Preferred Units FixedReset 5.50%+447M550, that <a href=\"http:\/\/prefblog.com\/?p=31364\">commenced trading 2015-11-25<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=31265\">announced 2015-11-17<\/a>. The issue <a href=\"https:\/\/prefblog.com\/?p=41821\">reset to the minimum guaranteed rate of 5.50% in 2021<\/a>. It must be remembered that <a href=\"https:\/\/bep.brookfield.com\/~\/media\/Files\/B\/Brookfield-BEP-IR-V2\/tax-information\/2020\/bep-2019-canadian-taxable-income-disclosure-preferred-vf2.pdf\">the taxation status of the distributions is complex<\/a> and &#8211; what&#8217;s more &#8211; can vary wildly from year to year.<\/p>\n<p>Thanks to Assiduous Reader <i>Niagara<\/i> for <a href=\"https:\/\/prefblog.com\/?p=41821#comment-15339\">bringing this to my attention<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cSeries 7 Preferred Units\u201d) (TSX: BEP.PR.G) for cash on January 31, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,26],"tags":[],"class_list":["post-51320","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-return-of-capital"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51320"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51320\/revisions"}],"predecessor-version":[{"id":51324,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51320\/revisions\/51324"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}