Brookfield Renewable Corporation (NYSE: BEPC) announced on January 12, 2026 that it has completed the required Canadian and U.S. securities filings to launch an at‑the‑market (ATM) equity issuance program for its class A exchangeable voting shares, allowing the company to offer and sell up to $400 million of shares directly from its treasury.
The proceeds from the program are earmarked for repurchasing Brookfield Renewable Partners’ non‑voting limited partnership units under the company’s normal course issuer bid (NCIB) and for general corporate purposes. Because the shares are exchangeable for limited partnership units or cash on a 1‑for‑1 basis, the program is designed to be non‑dilutive to existing shareholders while providing flexible access to capital.
The ATM program will terminate on February 24, 2027, or earlier if all shares are sold, whichever comes first. The dual‑class structure—class A shares that can be converted into BEP LP units—ensures that the program supports a stable overall equity count for both BEPC and its partner entity.
This initiative follows the renewal of BEPC’s NCIB in December 2025, which authorized the repurchase of up to 7,244,255 exchangeable shares. The program is part of the company’s broader capital‑management strategy and will be complemented by the upcoming release of its Fourth‑Quarter 2025 results on January 30, 2026.
By providing a flexible, non‑dilutive source of capital, the ATM program strengthens Brookfield Renewable’s ability to manage share count, support shareholder value, and maintain operational flexibility in a dynamic renewable‑energy market.
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