Brookfield Renewable Partners LP (BEP) has announced a new offering of preferred units (they are units if the issuer is a partnership). As a partnership this offering will likely generate a K-1 at tax time.
BEP is a $3 billion dollar renewable energy partnership that I am not familiar with other than they are another unit of the giant asset manager Brookfield Asset Management.
Being a Canadian partnership there may be withholding on your distributions.
Thanks to EarlyBird for being the ‘earlybird’. Yield talk is in the 5.50% are with a low investment grade rating.