Brookfield Renewable Corp. Files SC 13D/A Amendment

TL;DR

Brookfield Renewable Corp. updated its 13D filing on Oct 11. Watch for ownership changes.

AI Summary

Brookfield Renewable Corp. filed an amendment to its SC 13D on October 11, 2024. The filing pertains to Brookfield Corp. /ON/, which is a significant entity within the Brookfield group, involved in real estate and construction. This amendment likely updates information regarding beneficial ownership or other relevant disclosures for Brookfield Renewable Corp.

Why It Matters

This filing provides updated information on the ownership structure and potential influence of Brookfield Corp. /ON/ concerning Brookfield Renewable Corp., which is crucial for investors tracking the energy and utilities sector.

Risk Assessment

Risk Level: medium — Amendments to SC 13D filings can indicate shifts in significant beneficial ownership, potentially impacting stock price and corporate strategy.

Key Players & Entities

• Brookfield Renewable Corp. (company) — Subject Company
• Brookfield Corp. /ON/ (company) — Filing Party
• Brookfield Asset Management Inc. (company) — Former Company Name
• Brascan Corp/ (company) — Former Company Name
• EdperBrascan Corp (company) — Former Company Name

FAQ

Filing Documents

• d881389dsc13da.htm (SC 13D/A) — 107KB
• 0001193125-24-236802.txt ( ) — 109KB

of the original Schedule 13D is hereby supplemented as follows

Item 4 of the original Schedule 13D is hereby supplemented as follows: On October 9, 2024, BEPC, BEP (collectively with BEPC, Brookfield Renewable ), Brookfield and 1505127 B.C. Ltd. (the New Corporation ) entered into an arrangement agreement (the Arrangement Agreement ) to implement a reorganization (the Arrangement ) that maintains the benefits of Brookfield Renewables business structure, while addressing proposed amendments to the Income Tax Act (Canada) that are expected to result in additional costs to BEPC if no action is taken. The Arrangement is expected to be tax-deferred for the vast majority of investors, including Canadian and U.S. shareholders. Following the Arrangement, BEPC shareholders will continue to own an economically equivalent security that provides the same economic benefits and governance as investing in Brookfield Renewable today. The Arrangement will be implemented pursuant to a court-approved plan of arrangement and will require shareholder approval. A management information circular outlining the transaction in detail is expected to be mailed to BEPC shareholders at the end of October, in advance of a special meeting of shareholders (the Meeting ) to be held virtually on December 3, 2024 at 10:00 a.m. (Eastern time). Shareholders of record as of the close of business on October 21, 2024 will be entitled to vote at the Meeting. Subject to the receipt of court and shareholder approval, and the satisfaction of certain other customary conditions, it is anticipated that the Arrangement will be completed in the fourth quarter of 2024. The newly issued class A exchangeable subordinate voting shares are expected to be listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol BEPC. After giving effect to the Arrangement, (i) Brookfield and its subsidiaries are expected to own or exercise control or direction over 34,719,683 class A.2 exchangeable non-voting shares of BEPC ( Class A.2 Shares ) representing all of the

(a)-(c) of the original Schedule 13D is hereby amended and restated as follows

Item 5(a)-(c) of the original Schedule 13D is hereby amended and restated as follows: (a)-(b) The information relating to the beneficial ownership of the Class A Shares by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentage of Class A Shares of the Issuer is based on an aggregate number of Class A Shares of the Issuer of 179,641,191 outstanding as of October 9, 2024. (c) Except as described herein, there have been no transactions by the Reporting Persons in the Class A Shares during the past 60 days. Item6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer .

of the original Schedule 13D is hereby amended and supplemented as follows

Item 6 of the original Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 of this Amendment No. 6 is hereby incorporated by reference. As of October 9, 2024, Brookfield and BEP hold an approximate 81.2% voting interest in the Issuer, BEP may receive up to 179,641,191 Class A Shares in accordance with the terms of the Class A Shares and Brookfield may receive up to 134,827,356 Class A Shares in accordance with the terms of the Rights Agreement. Item7. Materials to Be Filed as Exhibits. Item 7 of the original Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.10 Arrangement Agreement, dated October 9, 2024 (incorporated by reference to Exhibit 99.1 of the Issuers Form 6-K filed with the SEC on October 11, 2024).

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the undersigneds knowledge and belief, each of the undersigned certifies as to itself that the information set forth in this statement is true, complete and correct. October 11, 2024 BROOKFIELD CORPORATION By: /s/ Swati Mandava Name: Swati Mandava Title: Managing Director, Legal and Regulatory BAM PARTNERS TRUST , by its trustee, BAM CLASS B PARTNERS INC. By: /s/ Kathy Sarpash Name: Kathy Sarpash Title: Secretary BROOKFIELD RENEWABLE POWER INC. By: /s/ Jennifer Mazin Name: Jennifer Mazin Title: General Counsel and Corporate Secretary BROOKFIELD INVESTMENTS CORPORATION By: /s/ Kathy Sarpash Name: Kathy Sarpash Title: Senior Vice President, General Counsel and Secretary BROOKFIELD RENEWABLE PARTNERS LIMITED By: /s/ James Bodi Name: James Bodi Title: President BROOKFIELD RENEWABLE PARTNERS L.P. , by its general partner, BROOKFIELD RENEWABLE PARTNERS LIMITED By: /s/ James Bodi Name: James Bodi Title: President

View Full Filing

View this SC 13D/A filing on SEC EDGAR