Distributions

Distributions

Distributions to our shareholders are determined by our general partner. Our general partner has adopted a distribution policy under which our partnership currently pays quarterly cash distributions of US $0.3875 per share per quarter.

This distribution policy targets a distribution level that is sustainable on a long-term basis while retaining sufficient liquidity for capital expenditures within our current operations and general purposes.

We believe that a distribution representing on average 60% to 70% of funds from operations  will allow us to meet these objectives. We are targeting 5% to 9% annual growth in cash distributions to L.P. shareholders.

2014 Distributions

Record Date Payment Date Amount
February 28, 2014 March 31, 2014 US $0.2583 (prorated for two-month period)
 May 30, 2014 June 30, 2014 $0.3875
 August 29, 2014 September 30, 2014 $0.3875

 

2013 Distributions

Record Date Payment Date Amount
March 31, 2013 April 30, 2013 US $0.3625
June 30, 2013 July 31, 2013 US $0.3625
October 7, 2013 October 31, 2013 US $0.3625
December 31, 2013 January 31, 2014 US $0.3625

 

2012 Distributions

Record Date Payment Date Amount
March 31, 2012 April 30, 2012 US $0.345
June 30, 2012 July 31, 2012 US $0.345
September 30, 2012 October 31, 2012 US $0.345
December 31, 2012 January 31, 2013 US $0.345

 

2011 Distributions

Record Date Payment Date Amount
December 31, 2011 January 31, 2012 US $0.3375
Distribution Currency Option
The quarterly distributions payable on L.P. Units of Brookfield Renewable Energy Partners are declared in U.S. dollars. Registered and beneficial shareholders who are resident in Canada or the United States may opt to receive their distributions in either U.S. dollars or the Canadian dollar equivalent. Unless they request the Canadian dollar equivalent, shareholders will continue to receive distributions in U.S. dollars (which may be converted for them by the broker or other intermediary, as may currently be the case). The Canadian dollar equivalent of the quarterly distribution will be based on the Bank of Canada noon exchange rate on the Record Date or, if the Record Date falls on a weekend or holiday, on the Bank of Canada noon exchange rate of the preceding business day.

Registered shareholders wishing to receive the Canadian dollar distribution equivalent should contact Brookfield Renewable’s transfer agent, Computershare Trust Company of Canada, in writing at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1 or by phone at 1-800-564-6253. Beneficial unitholders (i.e., those holding their units in street name with their brokerage) should contact the broker with whom their units are held.

Notice on eligible dividends

Unitholders will receive, as part of their distributions, dividends paid by a Canadian corporation. For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, such dividends are designated as “eligible dividends” and will be reflected as such on the Canadian tax slip.

Investor Enquiries

For all Brookfield Renewable Energy Partners investor enquiries please send us an email at:

enquiries@brookfieldrenewable.com

Distributions | Brookfield Renewable Energy Partners