Brookfield Renewable Corporation Announces Results of Annual Meeting of Shareholders

Rhea-AI Summary

Brookfield Renewable Corporation (NYSE: BEPC) announced the successful election of all ten nominees to its board of directors during the annual shareholder meeting held on June 14, 2022. Exchangeable Shares accounted for 25% of total votes while Class B Shares represented 75%. Jeffrey Blidner received 94.87% of votes in favor, with other directors also achieving substantial majority support. The corporation operates globally in renewable energy, managing a portfolio of hydroelectric, wind, solar, and storage facilities with 21,000 megawatts of installed capacity.

Positive

• All ten director nominees were elected with strong majority votes.
• High levels of shareholder support, e.g., Jeffrey Blidner received 94.87% of votes in favor.

Negative

• None.

BROOKFIELD, NEWS, June 14, 2022 (GLOBE NEWSWIRE) -- Brookfield Renewable Corporation (the “Corporation”) (TSX, NYSE: BEPC) today announced that all ten nominees proposed for election to the board of directors by holders of class A exchangeable subordinate voting shares (“Exchangeable Shares”) and holders of class B multiple voting shares (“Class B Shares”) were elected at the company’s annual meeting of shareholders held on June 14, 2022 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.

In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Shares were entitled to a total of 516,677,463 votes in the aggregate, representing a 75% voting interest in the Corporation.

The following is a summary of the votes cast by holders of Exchangeable Shares and Class B Shares, voting together as a single class, in regard to the election of the ten directors:

Director Nominee	Votes For			%	Votes Withheld			%
Jeffrey Blidner	605,624,552		94.87	%	32,771,310		5.13	%
Scott Cutler	636,714,211		99.74	%	1,681,651		0.26	%
Sarah Deasley	638,062,186		99.95	%	333,676		0.05	%
Nancy Dorn	636,601,262		99.72	%	1,794,600		0.28	%
Eleazar de Carvalho Filho	628,522,051		98.45	%	9,873,811		1.55	%
Randy MacEwen	637,378,385		99.84	%	1,017,477		0.16	%
David Mann	632,822,237		99.13	%	5,573,623		0.87	%
Lou Maroun	635,894,947		99.61	%	2,500,914		0.39	%
Stephen Westwell	637,271,102		99.82	%	1,124,760		0.18	%
Patricia Zuccotti	636,735,086		99.74	%	1,660,775		0.26	%

A summary of all votes cast by holders of the Exchangeable Shares and Class B Shares represented at the company’s annual meeting of shareholders is available on SEDAR at www.sedar.com.

Brookfield Renewable

Brookfield Renewable Corporation and Brookfield Renewable Partners L.P., together Brookfield Renewable, operate one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 21,000 megawatts of installed capacity and an approximately 69,000-megawatt development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at https://bep.brookfield.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $725 billion of assets under management.

Contact information:
Media:	Investors:
Simon Maine	Angela O’Donnell
Managing Director – Communications	Coordinator – Investor Relations
+44 (0) 739 8 909 278	(416) 359-8546
simon.maine@brookfield.com	angela.odonnell@brookfield.com

FAQ

What was the outcome of the Brookfield Renewable Corporation annual meeting on June 14, 2022?

All ten nominees for the board of directors were elected with strong majority votes.

How many votes did Jeffrey Blidner receive during the election?

Jeffrey Blidner received 605,624,552 votes, equating to 94.87% in favor.

What percentage of votes do Class B Shares represent in Brookfield Renewable Corporation?

Class B Shares represent a total of 75% voting interest in the Corporation.

What is the installed capacity of Brookfield Renewable Corporation?

Brookfield Renewable operates a portfolio with approximately 21,000 megawatts of installed capacity.

What type of facilities does Brookfield Renewable Corporation manage?

Brookfield Renewable manages hydroelectric, wind, solar, and storage facilities.