Filing Details

Accession Number:
0001193125-20-269585
Form Type:
13D Filing
Publication Date:
2020-10-14 20:46:52
Filed By:
Brookfield Asset Management Inc.
Company:
Brookfield Renewable Corp
Filing Date:
2020-10-15
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
BROOKFIELD ASSET MANAGEMENT INC 0 39,875,890 0 39,875,890 39,875,890 34.7%
PARTNERS LIMITED 0 39,875,890 0 39,875,890 39,875,890 34.7%
BROOKFIELD RENEWABLE POWER INC 0 38,534,890 0 38,534,890 38,534,890 33.6%
BROOKFIELD INVESTMENTS CORPORATION 0 1,341,000 0 1,341,000 1,341,000 1.2%
BROOKFIELD RENEWABLE PARTNERS LIMITED 0 0 0 0 0 0%
BROOKFIELD RENEWABLE PARTNERS 0 0 0 0 0 0%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D/A

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

 

 

Brookfield Renewable Corporation

(Name of Issuer)

class A exchangeable subordinate voting shares, no par value

(Title of Class of Securities)

11284V105

(CUSIP Number)

Justin B. Beber

Brookfield Asset Management Inc.

Brookfield Place

181 Bay Street, Suite 300

Toronto, Ontario M5J 2T3

(416) 363-9491

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 13, 2020

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  BROOKFIELD ASSET MANAGEMENT INC.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  39,875,890(1)

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  39,875,890(1)

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  39,875,890(1)

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  34.7%(2)(3)

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1).

This amount includes class A exchangeable subordinate voting shares, no par value (the Class A Shares) of Brookfield Renewable Corporation (the Issuer) held as follows: 37,872,013 Class A Shares held by Brookfield Renewable Power Inc., 1,341,000 Class A Shares held by Brookfield Investments Corporation and 662,877 Class A Shares held by BREP Holding L.P., each of which is a subsidiary of Brookfield Asset Management Inc.

(2).

Percentage ownership is based on an aggregate number of outstanding Class A Shares of 114,791,104 as of October 13, 2020.

(3).

Brookfield Renewable Partners L.P. and its affiliates beneficially own all of the issued and outstanding class B multiple voting shares of the Issuer, which represent a 75% voting interest in the Issuer. Together, Brookfield Asset Management Inc. and Brookfield Renewable Partners L.P. hold an approximate 83.7% voting interest in the Issuer.


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  PARTNERS LIMITED

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  39,875,890(4)

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  39,875,890(4)

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  39,875,890(4)

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  34.7%(5)

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(4).

Includes 39,875,890 Class A Shares beneficially owned by Brookfield Asset Management Inc.

(5).

Percentage ownership is based on an aggregate number of outstanding Class A Shares of 114,791,104 as of October 13, 2020.


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  BROOKFIELD RENEWABLE POWER INC.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  38,534,890(6)

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  38,534,890(6)

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  38,534,890(6)

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  33.6%(7)

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(6).

Includes 662,877 Class A Shares beneficially owned by BREP Holding L.P., a subsidiary of Brookfield Renewable Power Inc.

(7).

Percentage ownership is based on an aggregate number of outstanding Class A Shares of 114,791,104 as of October 13, 2020.


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  BROOKFIELD INVESTMENTS CORPORATION

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  1,341,000

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  1,341,000

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  1,341,000

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  1.2%(8)

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(8).

Percentage ownership is based on an aggregate number of outstanding Class A Shares of 114,791,104 as of October 13, 2020.


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  BROOKFIELD RENEWABLE PARTNERS LIMITED

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  0

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  0

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  0

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  0%

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO


CUSIP No. 11284V105

 

  1    

  NAMES OF REPORTING PERSONS

 

  BROOKFIELD RENEWABLE PARTNERS L.P.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5  

  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

     7     

  SOLE VOTING POWER

 

  0

     8   

  SHARED VOTING POWER

 

  0

     9   

  SOLE DISPOSITIVE POWER

 

  0

   10   

  SHARED DISPOSITIVE POWER

 

  0

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  0

12  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  0%(9)

14  

  TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(9).

Brookfield Renewable Partners L.P. and its affiliates beneficially owns all of the issued and outstanding class B multiple voting shares of the Issuer, which represent a 75% voting interest in the Issuer. Together, Brookfield Asset Management Inc. and Brookfield Renewable Partners L.P. hold an approximate 83.7% voting interest in the Issuer.


Explanatory Note

This Amendment No. 1 (this Amendment No. 1) to Schedule 13D is being filed to by Brookfield Asset Management Inc. (Brookfield), Partners Limited (Partners), Brookfield Renewable Power Inc. (BRPI), Brookfield Investments Corporation (BIC), Brookfield Renewable Partners L.P. (BEP) and Brookfield Renewable Partners Limited (BRPL, and collectively with Brookfield, Partners, BRPI, BIC and BEP, the Reporting Persons) to reflect the closing on October 13, 2020 of the previously announced secondary equity offering in Canada (the Canadian Offering) by Brookfield International Limited (BIL), a wholly-owned subsidiary of Brookfield, of an aggregate of 4,663,250 class A exchangeable subordinate voting shares, no par value (Class A Shares) of Brookfield Renewable Corporation (the Issuer).

Unless otherwise indicated, all references to C$ in this Amendment No. 1 are to Canadian dollars.

Information and defined terms reported in the original Schedule 13D remain in effect except to the extent that it is amended or superseded by information or defined terms contained in this Amendment No. 1.

Item 2. Identity and Background.

Item 2 of the original Schedule 13D is hereby amended and supplemented as follows:

Schedule I hereto sets forth an updated list of Brookfields directors and executive officers (to be included as Scheduled Persons), and their respective principal occupations, addresses, and citizenships.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the original Schedule 13D is hereby amended and supplemented as follows:

On October 6, 2020, BIL and the Issuer entered into an Underwriting Agreement (the Underwriting Agreement) with BEP and the underwriters party thereto (the Underwriters), pursuant to which BIL agreed to sell 4,055,000 Class A Shares to the Underwriters for an aggregate gross purchase price of C$325,211,000, or C$80.20 per Class A Share. In addition, BIL granted the Underwriters an option to purchase an additional 608,250 Class A Shares (the Option Shares) at the same price as the sales made in the Canadian Offering. The Underwriters exercised the option to purchase the Option Shares in full on October 7, 2020 for an aggregate gross purchase price of C$48,781,650. An aggregate of 4,663,250 Class A Shares were sold in the Canadian Offering, which closed on October 13, 2020.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is incorporated by reference as Exhibit 99.6.

Item 4. Purpose of Transaction.

Item 4 of the original Schedule 13D is hereby supplemented as follows:


The information set forth in Item 3 of this Amendment No. 1 is hereby incorporated by reference.

Item 5. Interest in Securities of the Issuer.

Item 5(a)-(c) of the original Schedule 13D is hereby amended and restated as follows:

(a)-(b) The aggregate number and percentage of Class A Shares of the Issuer held by the Reporting Persons to which this Schedule 13D relates is 39,875,890 shares, constituting 34.7% of the Issuers currently outstanding Class A shares. The percentage of Class A Shares of the Issuer is based on an aggregate number of Class A Shares of the Issuer of 114,791,104 outstanding as of October 13, 2020.

(i) Brookfield

 

  a.

Brookfield may be deemed the beneficial owner of 39,875,890* Class A Shares, constituting a percentage of approximately 34.7%

 

  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 39,875,890* Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 39,875,890* Class A Shares

 

*

Includes 37,872,013 Class A Shares held by BRPI, 1,341,000 Class A Shares held by BIC and 662,877 Class A Shares held by BREP Holding L.P. (BREPH). The general partner of BREPH is BRP Bermuda GP Limited (BRP Bermuda). BRPI, BIC, BREPH and BRP Bermuda are each a subsidiary of Brookfield.

(ii) Partners

 

  a.

Partners may be deemed the beneficial owner of 39,875,890* Class A Shares, constituting a percentage of approximately 34.7%

 

  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 39,875,890* Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 39,875,890* Class A Shares

 

*

This amount includes 39,875,890 Class A Shares beneficially owned by Brookfield.

(iii) BRPI

 

  a.

BRPI may be deemed the beneficial owner of 38,534,890* Class A Shares, constituting a percentage of approximately 33.6%


  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 38,534,890* Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 38,534,890* Class A Shares

 

*

Includes 662,877 Class A Shares held by BREPH. The general partner of BREPH is BRP Bermuda, and BREPH and BRP Bermuda are subsidiaries of BRPI.

(iv) BIC

 

  a.

BIC may be deemed the beneficial owner of 1,341,000 Class A Shares, constituting a percentage of approximately 1.2%

 

  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 1,341,000 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 1,341,000 Class A Shares

(v) BEP

 

  a.

BEP does not beneficially own any Class A Shares

 

  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares

(vi) BRPL

 

  a.

BRPL does not beneficially own any Class A Shares

 

  b.

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares


(c) On October 5, 2020, prior to the commencement of the Canadian Offering, BRPI transferred to BIL the 4,663,250 Class A Shares ultimately offered and sold in the Canadian Offering. Other than the transactions described in this Amendment No. 1, there have been no transactions by the Reporting Persons in the Class A Shares during the past 60 days.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the original Schedule 13D is hereby amended and supplemented as follows:

The information set forth in Item 3 of this Amendment No. 1 is hereby incorporated by reference.

As of October 13, 2020, Brookfield and BEP hold an approximate 83.7% voting interest in the Issuer, BEP may receive up to 114,791,104 Class A Shares in accordance with the terms of the Class A Shares and Brookfield may receive up to 74,915,214 Class A Shares in accordance with the terms of the Rights Agreement.

Item 7. Materials to Be Filed as Exhibits.

Item 7 of the original Schedule 13D is hereby amended and supplemented as follows:

Exhibit 99.6 Underwriting Agreement, dated October 6, 2020, by and among BIL, the Issuer, BEP and the Underwriters.


SIGNATURES

After reasonable inquiry and to the best of the undersigneds knowledge and belief, each of the undersigned certifies as to itself that the information set forth in this statement is true, complete and correct.

 

October 14, 2020     BROOKFIELD ASSET MANAGEMENT INC.
    By:  

/s/ Jessica Diab

      Name: Jessica Diab
      Title: Vice President
    PARTNERS LIMITED
    By:  

/s/ Brian Lawson

      Name: Brian Lawson
      Title: President
    BROOKFIELD RENEWABLE POWER INC.
    By:  

/s/ Jennifer Mazin

      Name: Jennifer Mazin
      Title: Senior Vice President and Secretary
    BROOKFIELD INVESTMENTS CORPORATION
    By:  

/s/ Tom Corbett

      Name: Tom Corbett
      Title: Vice President and Chief Financial Officer
    BROOKFIELD RENEWABLE PARTNERS L.P.,by its general partner BROOKFIELD RENEWABLE PARTNERS LIMITED
    By:  

/s/ Jane Sheere

      Name: Jane Sheere
      Title: Secretary
    BROOKFIELD RENEWABLE PARTNERS LIMITED
    By:  

/s/ Jane Sheere

      Name: Jane Sheere
      Title: Secretary

SCHEDULE I

BROOKFIELD ASSET MANAGEMENT INC.

 

Name and Position of Officer or Director

  

Principal Business Address

  

Principal Occupation or Employment

  

Citizenship

M. Elyse Allan, Director    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Corporate Director    Canada and U.S.A.
Justin B. Beber, Managing Partner, Head of Corporate Strategy and Chief Legal Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Head of Corporate Strategy and Chief Legal Officer, Brookfield    Canada

Jeffrey M. Blidner,

Vice Chair and Director

   181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Vice Chair, Brookfield    Canada
Angela F. Braly, Director    832 Alverna Drive, Indianapolis, Indiana 46260, U.S.A.    Corporate Director    U.S.A.
Jack L. Cockwell, Director    51 Yonge Street, Suite 400, Toronto, Ontario, M5E 1J1, Canada    Chair of Brookfield Partners Foundation    Canada
Marcel R. Coutu, Director   

c/o Suite 1210, 225 6th Ave. S.W.

Calgary, Alberta, T2P 1N2, Canada

   Corporate Director    Canada

Maureen Kempston Darkes,

Director

   10 Avoca Avenue, Unit 1904, Toronto, Ontario M4T 2B7, Canada    Corporate Director    Canada
Janice Fukakusa, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Corporate Director    Canada
Murilo Ferreira, Director   

Rua General Venãncio Flores, 50 Cob. 01, Leblon, Rio de Janeiro

RJ 22441-090

   Former Chief Executive Officer, Vale SA    Brazil
J. Bruce Flatt, Director, Managing Partner and Chief Executive Officer    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer, Brookfield    Canada
Nicholas H. Goodman, Managing Partner and Chief Financial Officer    181 Bay Street, Suite 300, Toronto, Ontario, M5J 2T3, Canada    Managing Partner and Chief Financial Officer, Brookfield    United Kingdom
Brian W. Kingston, Managing Partner, Chief Executive Officer Real Estate    250 Vesey Street, 15th Floor, New York, NY 10281-1023, U.S.A.    Managing Partner, Chief Executive Officer Real Estate, Brookfield    Canada
Brian D. Lawson, Vice Chair and Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair and Director, Brookfield    Canada

Cyrus Madon, Managing Partner,

Chief Executive Officer Private Equity

   181 Bay Street, Suite300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer of Private Equity, Brookfield    Canada
Howard S. Marks, Director    333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, U.S.A.    Co-Chairman, Oaktree Capital Management    U.S.A.
Frank J. McKenna, Director   

TDCT Tower, 161 Bay Street, 35th Floor, Toronto, Ontario

M5J 2T2, Canada

   Chair of Brookfield and Deputy Chair of TD Bank Group, Wholesale    Canada
Rafael Miranda, Director    C/Santiago de Compostela 100 28035 Madrid, Spain    Corporate Director    Spain

Craig Noble, Managing Partner,

Chief Executive Officer Alternative Investments

  

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Alternative Investments, Brookfield    Canada

Lord Augustine Thomas ODonnell,

Director

  

Frontier Economics, 71 High Holborn, London U.K.

WC1V 6DA

   Chairman of Frontier Economics Limited    United Kingdom
Lori Pearson, Managing Partner and Chief Operating Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner and Chief Operating Officer, Brookfield    Canada

Samuel J.B. Pollock,

Managing Partner, Chief Executive Officer Infrastructure

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure, Brookfield    Canada
Ngee Huat Seek, Director    501 Orchard Road, #08 01 Wheelock Place, Singapore 238880    Chairman, Global Logistic Properties    Singapore

Sachin G. Shah, Managing Partner,

Chief Investment Officer

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Investment Officer, Brookfield    Canada
Diana L. Taylor, Director    c/o Bloomberg, Philanthropies, 25 East 78th Street, New York, N.Y. 10075    Corporate Director    U.S.A. and Canada
Connor Teskey, Managing Partner and Chief Executive Officer Renewable Power    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Managing Partner and Chief Executive Officer Renewable Power, Brookfield    Canada