Brookfield Renewable Announces Quarterly Dividend Rate on Its Series 2 Preference Shares
All amounts in Canadian dollars unless otherwise stated
BROOKFIELD, News, July 03, 2018 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX:BEP.UN) (NYSE:BEP) (“Brookfield Renewable”) today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.’s floating-rate Class A Preference Shares, Series 2 (“Series 2 Shares”).
The dividend is paid at an annual rate, calculated for each quarter, of 2.62% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the August 1, 2018 to October 31, 2018 dividend period will be 0.97470% (3.867% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.243675 per share, payable on October 31, 2018.
The Series 2 Shares are listed on the TSX under the trading symbol “BRF.PR.B”.
Brookfield Renewable Partners
Brookfield Renewable Partners operates one of the world’s 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 more than 17,000 megawatts of installed capacity and an 8,000 megawatt development pipeline. Brookfield Renewable is listed on the New York and Toronto stock exchanges.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over US$285 billion of assets under management.