Brookfield Renewable Announces Intention to Redeem Its Series 7 Preferred Units
Rhea-AI Summary
Brookfield Renewable (NYSE: BEP; TSX: BEP.UN) announced it intends to redeem all outstanding Class A Preferred LP Units, Series 7 (TSX: BEP.PR.G) for cash on January 31, 2026.
The redemption price is C$25.00 per Series 7 unit for an aggregate cost of C$175 million, to be funded from available liquidity. Holders of record as of January 15, 2026 will receive the previously declared final quarterly distribution of C$0.34375 per Series 7 unit.
The company described its renewable power and sustainable solutions platform and noted Brookfield Asset Management oversees over $1 trillion of assets under management.
Positive
- Redemption price set at C$25.00 per Series 7 unit
- Aggregate cash redemption of C$175 million
- Redemption funded from available liquidity
Negative
- Immediate cash outflow of C$175 million reduces liquidity
- Holders on Jan 15, 2026 receive final C$0.34375 distribution
Key Figures
Market Reality Check
Peers on Argus
BEP gained 3.56% while key renewable utilities peers also traded higher (e.g., BEPC +2.81%, RNW +2.99%), suggesting a broadly constructive backdrop but without confirmed sector-wide momentum from the scanner.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 15 | Issuer bid renewal | Positive | +0.4% | Renewal of issuer bids for LP, preferred, and exchangeable securities. |
| Nov 05 | Q3 2025 earnings | Positive | -2.9% | Q3 2025 FFO growth with net loss and large reactor investment plans. |
| Oct 03 | Earnings call notice | Neutral | +0.1% | Announcement of Q3 2025 results release and conference call schedule. |
| Aug 01 | Q2 2025 earnings | Positive | -6.2% | Record Q2 FFO and major financings alongside large new investments. |
| Jul 18 | Strategic investment | Positive | +0.5% | Up to $1B commitment to increase stake in Colombian hydro assets. |
Positive strategic and capital allocation updates have often seen mixed follow-through, with notable divergences on strong earnings releases.
Over the past six months, Brookfield Renewable reported strong operational and financial progress, including record FFO, major financing activity, and a large hydro investment, while maintaining significant liquidity and regular distributions. It also renewed normal course issuer bids covering LP, preferred, and exchangeable securities. Against this backdrop, today’s plan to redeem the Series 7 preferred units using available liquidity continues the theme of active balance sheet management and capital structure optimization.
Market Pulse Summary
This announcement details Brookfield Renewable’s plan to redeem all Series 7 preferred units at C$25.00 per unit, totaling C$175 million funded from available liquidity, with a final cash distribution of C$0.34375 to holders of record on January 15, 2026. It follows prior actions on issuer bids and balance sheet management. Investors may watch how this affects the partnership’s capital structure, liquidity levels, and future financing or investment flexibility.
Key Terms
assets under management financial
AI-generated analysis. Not financial advice.
BROOKFIELD, News, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) today 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
Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed solar, and storage facilities, and our sustainable solutions assets include our investment in a leading global nuclear services business and investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity, among others.
Investors can access the 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 https://bep.brookfield.com.
Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over
| Contact information: | |
| Media: | Investors: |
| Simon Maine | Alex Jackson |
| +44 7398 909 278 | + (416) 649-8172 |
| simon.maine@brookfield.com | alexander.jackson@brookfield.com |
FAQ
What is Brookfield Renewable redeeming on January 31, 2026 (BEP)?
What is the redemption price per Series 7 unit for BEP and the total cost?
What record date determines Series 7 holders eligible for the final distribution (BEP)?
How much is the final quarterly distribution per Series 7 unit (BEP)?
How will Brookfield Renewable fund the Series 7 redemption (BEP)?
