Exhibit 99.1
BROOKFIELD RENEWABLE CORPORATION
REPORT OF VOTING RESULTS
Special Meeting of Shareholders
December 3, 2024
National Instrument 51-102 – Section 11.3 (Canada)
A special meeting of shareholders of Brookfield Renewable Corporation (the “Corporation”) was held on Tuesday, December 3, 2024 at 10:00 a.m. (Toronto time) (the “Meeting”). At the Meeting, shareholders holding 126,204,493 class A exchangeable subordinate voting shares (“exchangeable shares”), representing 70.25% of the Corporation’s 179,641,191 issued and outstanding exchangeable shares on the record date for the Meeting, and 165 class B multiple voting shares (“class B shares”), representing 100% of the Corporation’s issued and outstanding class B shares on the record date for the Meeting, were represented in person or by proxy. Capitalized terms used herein but not otherwise defined have the meanings given to such terms in the management information circular of the Corporation dated October 23, 2024 (the “Circular”).
The following is a summary of the votes cast by holders of the exchangeable shares and class B shares represented at the Meeting.
Arrangement Resolution
The Arrangement Resolution, as set out in the Circular as Appendix A, was approved by (i) not less than 66 2/3 % of the votes cast at the Meeting by holders of exchangeable shares and holders of class B shares, voting together as a class; (ii) not less than 66 2/3 % of the votes cast at the Meeting by holders of exchangeable shares, voting separately as a class; and (iii) not less than 66 2/3 % of the votes cast at the Meeting by holders of class B shares, voting separately as a class.
In accordance with the Corporation’s articles (i) for the vote of holders of exchangeable shares and holders of class B shares, voting together as a class, 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 538,923,573 votes in the aggregate, representing a 75% voting interest in the Corporation; (ii) for the vote of holders of exchangeable shares, voting separately as a class, each exchangeable share was entitled to one vote; and (iii) for the vote of holders of class B shares, voting separately as a class, each class B share was entitled to one vote.
