Transaction|July 6, 2010
Brookfield Renewable Power Fund and Brookfield Renewable Power Inc. completes secondary offering of fund units
Torys acted as counsel to Brookfield Renewable Power Fund and BRPI with a team that included Karrin Powys-Lybbe, Rima Ramchandani, Jonathan Cescon, Graham Erion and Jamie Becker (corporate) and John Tobin and Richard Johnson (tax).
On July 6, 2010, Brookfield Renewable Power Fund (BRC.UN) and Brookfield Renewable Power Inc. (BRPI) completed a bought-deal secondary offering of fund units. The fund units were offered through a syndicate of underwriters led by CIBC World Markets Inc. and Scotia Capital Inc., through which BRPI, the selling unitholder, sold 9,200,000 of its fund units (including 1,200,000 units sold to the underwriters pursuant to the over-allotment option that was exercised in full) at an offering price of C$19.60 per unit.
BRPI now owns approximately 42% of the fund units on a fully exchanged basis.
Further information is found on the fund's website.
BRPI now owns approximately 42% of the fund units on a fully exchanged basis.
Further information is found on the fund's website.