{"id":419764,"date":"2021-01-22T17:03:12","date_gmt":"2021-01-22T22:03:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419764"},"modified":"2021-01-22T17:03:12","modified_gmt":"2021-01-22T22:03:12","slug":"brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\/","title":{"rendered":"Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">BROOKFIELD, NEWS, Jan.  22, 2021  (GLOBE NEWSWIRE) &#8212; Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) today announced that after having taken into account all election notices received by the January 18, 2021 deadline for the reclassification of its Class A Preferred Limited Partnership Units, Series 7 (the \u201cSeries 7 Units\u201d) (TSX: BEP.PR.G) into Class A Preferred Limited Partnership Units, Series 8 (the \u201cSeries 8 Units\u201d), it has determined that there will be no reclassification of Series 7 Units into Series 8 Units, and holders of Series 7 Units will retain their Series 7 Units.<\/p>\n<p align=\"justify\">There were 6,600 Series 7 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 7 Units into Series 8 Units.<\/p>\n<p align=\"justify\">\n        <strong>Brookfield Renewable <\/strong>operates one of the world\u2019s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals over 19,000 megawatts of installed capacity and an 18,000 megawatt development pipeline. Investors can access our portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ynioWoEPgZt2DwL7hVJXuETKyE9XCIxwPHv8521uskbsKFbO42ulG-WsWqWECgpxoT_R6-jCc3THrlbIzKDHPdOzjrL5RKvjQgqPsEOXMwE=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bep.brookfield.com<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ynioWoEPgZt2DwL7hVJXuETKyE9XCIxwPHv8521uskb7gtzhB6h-_7cuWzJqXiYkPSkOQUBenul6DnpHYPppZ8DER729ju4JGRKYb1-YK52dubr9fBhRD4nUPN_bfBe0\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bep.brookfield.com\/bepc<\/a>. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.<\/p>\n<p>Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$575 billion of assets under management.<\/p>\n<p>For more information, please contact:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">\n            <strong>Media:<\/strong><br \/>\n            <br \/>Claire Holland<br \/>Senior Vice President, Communications <br \/>Tel: (416) 369-8236 <br \/>Email: <a href=\"mailto:claire.holland@brookfield.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">claire.holland@brookfield.com<\/a><\/td>\n<td style=\"vertical-align: top\">\n            <strong>Investors:<\/strong><br \/>\n            <br \/>Robin Kooyman<br \/>Senior Vice President \u2013 Investor Relations<br \/>Tel: (416) 649-8172<br \/>Email: <a href=\"mailto:robin.kooyman@brookfield.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">robin.kooyman@brookfield.com<\/a><\/td>\n<\/tr>\n<\/table>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDI3OCMzOTQxMTU0IzIwOTg0NTk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/dcd6b1c7-f930-4796-a2ac-63979c308d03\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BROOKFIELD, NEWS, Jan. 22, 2021 (GLOBE NEWSWIRE) &#8212; Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) today announced that after having taken into account all election notices received by the January 18, 2021 deadline for the reclassification of its Class A Preferred Limited Partnership Units, Series 7 (the \u201cSeries 7 Units\u201d) (TSX: BEP.PR.G) into Class A Preferred Limited Partnership Units, Series 8 (the \u201cSeries 8 Units\u201d), it has determined that there will be no reclassification of Series 7 Units into Series 8 Units, and holders of Series 7 Units will retain their Series 7 Units. There were 6,600 Series 7 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 7 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419764","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BROOKFIELD, NEWS, Jan. 22, 2021 (GLOBE NEWSWIRE) &#8212; Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) today announced that after having taken into account all election notices received by the January 18, 2021 deadline for the reclassification of its Class A Preferred Limited Partnership Units, Series 7 (the \u201cSeries 7 Units\u201d) (TSX: BEP.PR.G) into Class A Preferred Limited Partnership Units, Series 8 (the \u201cSeries 8 Units\u201d), it has determined that there will be no reclassification of Series 7 Units into Series 8 Units, and holders of Series 7 Units will retain their Series 7 Units. There were 6,600 Series 7 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 7 &hellip; Continue reading &quot;Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-22T22:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0MDI3OCMzOTQxMTU0IzIwOTg0NTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units\",\"datePublished\":\"2021-01-22T22:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/\"},\"wordCount\":290,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0MDI3OCMzOTQxMTU0IzIwOTg0NTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/brookfield-renewable-announces-results-of-reclassification-of-its-series-7-preferred-units\\\/\",\"name\":\"Brookfield Renewable Announces Results of Reclassification of its Series 7 Preferred Units - 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(NYSE: BEP; TSX: BEP.UN) today announced that after having taken into account all election notices received by the January 18, 2021 deadline for the reclassification of its Class A Preferred Limited Partnership Units, Series 7 (the \u201cSeries 7 Units\u201d) (TSX: BEP.PR.G) into Class A Preferred Limited Partnership Units, Series 8 (the \u201cSeries 8 Units\u201d), it has determined that there will be no reclassification of Series 7 Units into Series 8 Units, and holders of Series 7 Units will retain their Series 7 Units. 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