Brookfield Renewable Increases Distribution to $1.45 Per Unit
Distribution up 7% on two increases in the last twelve months
HAMILTON, BERMUDA -- (Marketwire) -- 01/18/13 --
All amounts in U.S. dollars unless stated otherwise
Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) ("Brookfield
Renewable") today announced that the Board of Directors has declared
a quarterly distribution of 36.25 cents per unit payable on April 30,
2013 to unitholders of record as at the close of business on March
31, 2013. This reflects an annualized distribution of $1.45 per unit.
"We are pleased to start the new year with this distribution increase
reflecting the accretive investments and numerous strategic and
operating enhancements made across our platform in the last year,"
said Richard Legault, President and CEO of Brookfield Renewable.
This increase is consistent with Brookfield Renewable targeting a
sustainable distribution in the range of 60% to 70% of funds from
operations and targeting distribution increases of 3% to 5% annually.
Distribution Reinvestment Plan
Brookfield Renewable maintains a Distribution Reinvestment Plan
("DRIP") which allows holders of its limited partnership units who
are resident in Canada to acquire additional units by reinvesting all
or a portion of their cash distributions without paying commissions.
Information on the DRIP, including details on how to enroll, is
available on Brookfield Renewable's website at
Brookfield Renewable Energy Partners (TSX:BEP.UN) operates one of the
largest publicly-traded, pure-play renewable power platforms
globally. Its portfolio is primarily hydroelectric and totals
approximately 5,300 megawatts of installed capacity. Diversified
across 69 river systems and 11 power markets in the United States,
Canada and Brazil, the portfolio generates enough electricity from
renewable resources to power more than two million homes on average
each year. With a virtually fully-contracted portfolio of
high-quality assets and strong growth prospects, the business is
positioned to generate stable, long-term cash flows supporting
regular and growing cash distributions to shareholders. For more
information, please visit www.brookfieldrenewable.com.
CAUTIONARY STATEMENT R
EGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and
information, within the meaning of Canadian securities laws,
concerning the business and operations of Brookfield Renewable.
Forward-looking statements may include estimates, plans,
expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Forward-looking
statements in this news release include statements regarding the
increase in Brookfield Renewable's distribution, the anticipated
benefit of recent investments and ongoing strategic initiatives on
its financial position, capital structure and cash flows, and the
progress of its growth and development plans. Forward-looking
statements can be identified by the use of words such as "expected",
"benefit", and "progress" or variations of such words and phrases, or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Although
we believe that our anticipated future results, performance or
achievements expressed or implied by the forward-looking statements
and information in this news release are based upon reasonable
assumptions and expectations, we cannot assure you that such
expectations will prove to have been correct. You should not place
undue reliance on forward-looking statements and information as such
statements and information involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to differ materially from anticipated
future results, performance or achievement expressed or implied by
such forward-looking statements and information.
Brookfield Renewable Energy Partners L.P.
Director, Investor Relations
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