Brookfield Renewable plans to merge BEP, BEPC into single listed company BEP Inc

Brookfield Renewable Partners outlined a plan to collapse BEP and BEPC into a single listed corporation, Brookfield Renewable Partners Inc.

• BEP units, excluding preferred units, would convert 1-for-1 into BEP Inc. shares; related exchangeable securities would also be exchanged.
• BEPC exchangeable shares would convert 1-for-1 into BEP Inc. shares if approved; otherwise they would become exchangeable into BEP Inc. shares.
• Securityholder votes are scheduled for Oct. 14, 2026; holders of record as of Aug. 21, 2026 can vote.
• Closing is targeted for Q4 2026.
• Preferred units and public debt would remain outstanding, and Brookfield’s ownership would remain unchanged.