Brookfield Renewable Power Fund completes C$250 million public offering of shares

Torys acted as counsel to Brookfield Renewable Power Fund, working with Brookfield Renewable's in-house legal team led by Patricia Bood (General Counsel) and Andrea Rochleau. The Torys team included Karrin Powys-Lybbe, Jonathan Cescon, Morgan Crockett and Robbie Leibel (corporate/securities), Tom Zverina, Rose Bailey and Tim Robbins (lending) and John Tobin and Richard Johnson (tax). Brookfield Renewable's

On March 10, 2010, Brookfield Renewable Power Fund announced the closing of its previously announced public offering of 10 million Class A Preference Shares, Series 1 (the Series 1 Preferred Shares) of Brookfield Renewable Power Preferred Equity Inc., at C$25.00 per share for gross proceeds of C$250 million. The offering was made on a bought deal basis through a syndicate of underwriters led by Scotia Capital Inc., CIBC, RBC Capital Markets and TD Securities Inc. The Series 1 Preferred Shares commenced trading on the TSX under the symbol BRF.PR.A.

The Series 1 Preferred Shares have not been and will not be registered under the United States Securities Act.