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TORONTO and GATINEAU, QC, July 6 /CNW Telbec/ - (BRC.UN) - Brookfield Renewable Power Fund (the "Fund") and Brookfield Renewable Power Inc. ("BRPI") today announced that they have completed their previously announced bought-deal secondary offering, with a syndicate of underwriters led by CIBC World Markets Inc. and Scotia Capital Inc., through which BRPI, the selling unitholder, has sold 9,200,000 of its Fund units (including 1,200,000 units sold to the underwriters pursuant to the over-allotment option that was exercised in full) at an offering price of $19.60 per unit.
BRPI now owns approximately 42% of the Fund units on a fully exchanged basis.
The Fund did not receive any proceeds from the offering, the costs of which were borne by BRPI.
About Brookfield Renewable Power Fund
Brookfield Renewable Power Fund (www.brpfund.com) is a premier Canadian income fund and one of the largest power income funds in North America with more than 1,600 megawatts of power generating capacity and average annual production exceeding 6,350 gigawatt hours.
The Fund produces electricity exclusively from environmentally friendly and renewable resources. The Fund indirectly owns or holds interests in 42 high quality hydroelectric generating stations and one wind farm in four distinct geographic regions across North America: Quebec, Ontario, British Columbia and New England.
Brookfield Renewable Power Inc., which comprises all of the power operations of Brookfield Asset Management, owns approximately 42% of the Fund's outstanding units on a fully-exchanged basis. The Fund's units are listed for trading on the TSX under the symbol BRC.UN.
About Brookfield Renewable Power Inc.
Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities. Its total portfolio includes more than 165 generating facilities with over 4,200 megawatts of capacity. It also has a significant hydroelectric and wind project pipeline. Brookfield Renewable Power's operations are primarily located in North America and Brazil. Brookfield Asset Management Inc., focused on property, power and infrastructure assets, has over US$100 billion of assets under management and is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively, and on Euronext Amsterdam under the symbol BAMA. For more information, please visit Brookfield Renewable Power's website at www.brookfieldpower.com and Brookfield Asset Management's website at www.brookfield.com.
SOURCE BROOKFIELD RENEWABLE POWER FUND
For further information: For further information: please visit www.brpfund.com or contact: Zev Korman, Director, Investor Relations and Communications, Brookfield Renewable Power Fund, Tel: (416) 359-1955, firstname.lastname@example.org