Exhibit 99.15
NOTICE OF CHANGE IN CORPORATE STRUCTURE
Pursuant to Section 4.9 of National Instrument 51-102
Continuous Disclosure Obligations
1. | Names of the Parties to the Transaction |
Brookfield Renewable Holdings Corporation (formerly Brookfield Renewable Corporation) (“Old BEPC”)
Brookfield Renewable Corporation (formerly 1505127 B.C. Ltd.) (“BEPC”)
Brookfield Renewable Partners L.P. (“BEP”)
Brookfield Corporation (“BN”)
2. | Description of the Transaction |
On December 24, 2024, BEPC completed the previously announced plan of arrangement (the “Arrangement”) pursuant to which, among other things, (i) the public holders (those holders other than BN and its subsidiaries) of class A exchangeable subordinate voting shares (“Old Class A Shares”) of Old BEPC exchanged their Old Class A Shares on a one-for-one basis for class A exchangeable subordinate voting shares (“Class A Shares”) of BEPC; (ii) BN and its subsidiaries exchanged their Old Class A Shares on a one-for-one basis for class A.2 exchangeable non-voting shares (“Class A.2 Shares”) of Old BEPC, which are exchangeable for Class A Shares or limited partnership units of BEP on a one for one basis, subject to the Ownership Cap (as defined below); (iii) Old BEPC was renamed Brookfield Renewable Holdings Corporation and will cease to be a reporting issuer in each province and territory of Canada (the “Jurisdictions”); (iv) the Old Class A Shares were delisted from the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”); (v) BEPC was renamed Brookfield Renewable Corporation (the name of Old BEPC prior to consummation of the Arrangement); (vi) the Class A Shares were listed on the TSX and the NYSE under the symbol “BEPC” (the ticker symbol previously used for the Old Class A Shares); and (vii) BEPC became a reporting issuer in Canada.
The Class A.2 Shares are subject to a restriction that limits the exchange by BN and its subsidiaries of Class A.2 Shares such that exchanges by BN and its subsidiaries may not result in BN and its subsidiaries owning 9.5% or more of the aggregate fair market value of all issued and outstanding shares of BEPC (the “Ownership Cap”).
3. | Effective Date of the Transaction |
December 24, 2024.
4. | Name of Each Party, if Any, that Ceased to be a Reporting Issuer After the Transaction and of Each Continuing Entity |
Old BEPC has applied to cease to be a reporting issuer in each of the Jurisdictions.