BEPC

Brookfield Renewable Corporation holds subordinate voting shares that provide economic equivalency to Brookfield Renewable Partners L.P. units, allowing investors to gain exposure to the same renewable power platform through corporate share structure. This entity was created to offer a corporate wrapper as an alternative to the partnership structure of BEP, addressing investor preferences regarding tax reporting and foreign ownership restrictions. Brookfield Renewable Corporation shares are exchangeable into BEP units on a one-for-one basis and receive equivalent distributions. The company provides the same underlying investment in one of the world's largest renewable power platforms with hydroelectric, wind, solar, and storage assets across multiple continents. Investors receive the same economic benefits as BEP unitholders including cash distributions supported by long-term contracts and inflation protection. The corporate structure particularly appeals to investors who prefer receiving 1099 tax forms rather than K-1 schedules or those restricted from holding partnership interests. Both BEP and BEPC provide exposure to global renewable energy growth and energy transition opportunities while maintaining identical economic interests in the underlying business.