SEC Form SC 13G/A filed by Brookfield Renewable Corporation (Amendment)

2/9/22 8:58:14 AM ET

Electric Utilities: Central

Utilities

Get the next $BEPC alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 1 BROOKFIELD RENEWABLE CORP Class A Exchangeable Subordinate Voting Shares Cusip #11284V105 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #11284V105 Item 1: Reporting Person - FIL Limited Item 2: (a) [ ] (b) [ ] Item 4: Bermuda Item 5: 4,024,865 Item 6: 0 Item 7: 4,125,556 Item 8: 0 Item 9: 4,125,556 Item 11: 2.395% Item 12: FI Cusip #11284V105 Item 1: Reporting Person - Pandanus Partners, L.P. Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 0 Item 6: 0 Item 7: 4,125,556 Item 8: 0 Item 9: 4,125,556 Item 11: 2.395% Item 12: PN Cusip #11284V105 Item 1: Reporting Person - Pandanus Associates, Inc. Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 0 Item 6: 0 Item 7: 4,125,556 Item 8: 0 Item 9: 4,125,556 Item 11: 2.395% Item 12: CO Item 1(a). Name of Issuer: BROOKFIELD RENEWABLE CORP Item 1(b). Address of Issuer's Principal Executive Offices: 250 Vesey Street, 15th Floor New York, NY 10281-1023 US Item 2(a). Name of Person Filing: FIL Limited Item 2(b). Address or Principal Business Office or, if None, Residence: Pembroke Hall, 42 Crow Lane, Hamilton, Bermuda, HM19 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: Class A Exchangeable Subordinate Voting Shares Item 2(e). CUSIP Number: 11284V105 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FIL Limited, is a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). (Note: See Exhibit A). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify type of institution: Parent holding or control person. Item 4. Ownership (a) Amount Beneficially Owned: 4,125,556 (b) Percent of Class: 2.395% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 4,024,865 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 4,125,556 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Class A Exchangeable Subordinate Voting Shares of BROOKFIELD RENEWABLE CORP. No one other person's interest in the Class A Exchangeable Subordinate Voting Shares of BROOKFIELD RENEWABLE CORP is more than five percent of the total outstanding Class A Exchangeable Subordinate Voting Shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. In as much as the reporting persons are no longer the beneficial owners of more than five percent of the number of shares outstanding, the reporting persons have no further reporting obligation under Section 13(d) of the Securities and Exchange Commission thereunder, and the reporting persons have no obligation to amend this Statement if any material change occurs in the facts set forth herein. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 20, 2018, by and on behalf of FIL Limited and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on October 9, 2018, accession number: 0000318989-18-000036. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIL Investment Advisors IA FIL Investments International FI Fidelity Investments Canada ULC FI Pandanus Partners, L.P. ("Pandanus") owns shares of FIL Limited ("FIL") voting stock. While the percentage of total voting power represented by these shares of FIL voting stock may fluctuate as a result of changes in the total number of shares of FIL voting stock outstanding from time to time, it normally represents more than 25% and less than 48.5% of the total votes which may be cast by all holders of FIL voting stock. Pandanus Associates, Inc. ("PAI") acts as general partner of Pandanus. Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, but disclaims that any such member is a beneficial owner of the securities reported on this Schedule 13G. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FIL, certain of its subsidiaries and affiliates, and other companies (collectively, the "FIL Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FIL Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the Class A Exchangeable Subordinate Voting Shares of BROOKFIELD RENEWABLE CORP at December 31, 2021. FIL Limited By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 20, 2018, by and on behalf of FIL Limited and its direct and indirect subsidiaries* Pandanus Partners, L.P. By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 25, 2018, by Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.* Pandanus Associates, Inc. By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 25, 2018, by and on behalf of Pandanus Associates, Inc.* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on October 9, 2018, accession number: 0000318989-18-000036.

Get the next $BEPC alert in real time by email

Date

Price Target

Rating

Analyst

10/20/2023

Outperform

Exane BNP Paribas

12/9/2021

$52.00

Neutral → Overweight

JP Morgan

SEC Form SC 13G/A filed by Brookfield Renewable Corporation (Amendment)

Chat with this insight

Recent Analyst Ratings for
$BEPC

$BEPC
Press Releases

Fastest customizable press release news feed in the world

TVA Enters 10-year Power Purchase Agreement with Argo and Brookfield's Smoky Mountain Hydro Facilities

Brookfield Renewable Announces Record Third Quarter Results

Brookfield Acquires Share of Four UK Offshore Wind Farms from Ørsted

$BEPC
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Exane BNP Paribas initiated coverage on Brookfield Renewable Corp.

Brookfield Renewable upgraded by JP Morgan with a new price target

Brookfield Renewable Corp. upgraded by Wells Fargo with a new price target

$BEPC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Brookfield Renewable Corporation