Investment Spotlight: Shepherds Flat

Ability to Invest Through a Canadian Corporation Brookfield Brookfield Renewable Corporation (NYSE, TSX: BEPC), a subsidiary of BEP L.P., was created to offer an economically equivalent security to BEP L.P., but in the form of a more traditional corporate structure BEPC BEP Dividends/Distributions Exchangeable Structure and Index Eligibility Tax Reporting • • N/A • Canadian Corporation Bermuda Limited Partnership U.S.: 1099 Form Canada: T5 Form U.S.: K-1 Slip Canada: T5013 Slip • Distributions are identical in amount and timing BEPC shares are exchangeable 1:1 for BEP units at anytime As a corporation, BEPC is eligible for many equity indexes that exclude Limited Partnerships For U.S. shareholders, subject to the holding period, dividends paid by BEPC will be "qualified dividends" For Canadian shareholders, dividends paid by BEPC will be "eligible dividends" 36

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