Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Brookfield Renewable Partners LP Announces New Preferred Units

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.

The preliminary prospectus can be read here.

Thanks to EarlyBird for being the ‘earlybird’. Yield talk is in the 5.50% are with a low investment grade rating.

Leave a Reply

Your email address will not be published. Required fields are marked *