Brookfield Renewable Power Fund and Brookfield Renewable Power Inc. Announce Mailing of Meeting Materials and Meeting Dates t...

Brookfield Renewable Power Fund (TSX:BRC.UN) ("Fund") and Brookfield Renewable
Power Inc. ("Brookfield Power") today announced that, on October 5, 2011, the
Ontario Superior Court of Justice (Commercial List) issued an interim order
providing for a special meeting of the holders of the Fund's units (the
"Unitholders") and a special meeting of the holders of preferred shares (the
"Preferred Shareholders") of the Fund's wholly-owned subsidiary, Brookfield
Renewable Power Preferred Equity Inc. (TSX:BRF.PR.A) ("BRP Equity"), at which
Unitholders and Preferred Shareholders will be asked to approve a proposed plan
of arrangement (the "Arrangement"). The Arrangement will result in the
previously announced strategic combination of the renewable power assets of the
Fund and Brookfield Power to create Brookfield Renewable Energy Partners L.P.
("BREP"), a publicly-traded Bermuda limited partnership focused on renewable
power generation. Brookfield Power is also seeking approval of the holders of
its unsecured public corporate bonds (the "Bondholders") with respect to certain
aspects of the Arrangement. 


The record dates, meeting dates, times and locations of all securityholder
meetings relating to the Arrangement are scheduled as follows:




----------------------------------------------------------------------------
Meeting       Record Date   Meeting Date and Time  Location                 
----------------------------------------------------------------------------
Bondholders   September 17, October 25, 2011       Torys LLP (TD Centre)    
              2011          10:00 a.m. (Toronto    79 Wellington Street West
                            time)                  33rd Floor               
                                                   Toronto, ON M5K 1N2      
----------------------------------------------------------------------------
Preferred     October 3,    November 10, 2011      Torys LLP (TD Centre)    
 Shareholders 2011          10:00 a.m. (Toronto    79 Wellington Street West
                            time)                  33rd Floor               
                                                   Toronto, ON M5K 1N2      
----------------------------------------------------------------------------
Unitholders   October 3,    November 18, 2011      Hockey Hall of Fame      
              2011          10:00 a.m. (Toronto    (Brookfield Place)       
                            time)                  30 Yonge Street          
                                                   Toronto, ON M5E 1X8      
----------------------------------------------------------------------------



If a quorum is not obtained for either the Bondholders or Preferred Shareholders
meeting, adjournment(s) are expected to be held on November 16, 2011.


Meeting materials, including the management information circular of both the
Fund and BRP Equity, have been distributed to Unitholders and Preferred
Shareholders today and meeting materials, including the management information
circular of Brookfield Power have previously been distributed to Bondholders.
All meeting materials have also been filed and are available on SEDAR at
www.sedar.com.


The transaction is expected to close in the fourth quarter of 2011, subject to
obtaining required approvals. Supplemental information relating to the
transaction is available at www.brpfund.com and www.brookfieldpower.com.


This news release shall not constitute an offer to sell or a solicitation of an
offer to buy the limited partnership units of BREP or any other securities, and
shall not constitute an offer, solicitation or sale in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful. The securities
to be offered by BREP have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any
state securities laws and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the U.S. Securities Act. BREP intends to offer and sell its securities in the
United States pursuant to the exemption from registration set forth in Section
3(a)(10) of the U.S. Securities Act.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 

This news release contains forward-looking statements and information within the
meaning of the Canadian securities laws. 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 proposed combination of
assets of Brookfield Power and the Fund as well as the creation of BREP and the
approval, successful completion and timing of the transaction. Forward-looking
statements can be identified by the use of words such as "will", "expected",
"intend", "continue", and targets, or variations of such words and phrases.
Although Brookfield Power and the Fund believe that such forward-looking
statements and information are based upon reasonable assumptions and
expectations, they can give no assurance that such expectations will prove to
have been correct. The reader 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 the actual
results, performance or achievements of BREP to differ materially from
anticipated future results, performance or achievement expressed or implied by
such forward-looking statements and information.


Factors that could cause actual results to differ materially from those
contemplated or implied by forward-looking statements include, but are not
limited to the risk that the conditions precedent to be met, and the approvals
to be obtained, for the Arrangement to occur, are not met or obtained. We
caution that the foregoing important factors that may affect future results is
not exhaustive. Except as required by law, neither Brookfield Power nor the Fund
undertakes any obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as a result of
new information, future events or otherwise.


About Brookfield Renewable Power Fund 

Brookfield Renewable Power Fund (www.brpfund.com) is a premier Canadian income
fund and one of the largest power income funds in North America with more than
1,700 megawatts of power generating capacity and average annual production
exceeding 6,500 gigawatt hours.


The Fund produces electricity exclusively from environmentally friendly and
renewable resources, including 42 high quality hydroelectric generating stations
and two wind farms in four distinct geographic regions across North America:
Quebec, Ontario, British Columbia and New England. 


Brookfield Renewable Power Inc., which comprises most of the power operations of
Brookfield Asset Management Inc., owns approximately 34% of the Fund's
outstanding units on a fully exchanged basis. 


The Fund's units are listed for trading on the Toronto Stock Exchange under the
symbol BRC.UN.


About Brookfield Renewable Power Inc. 

Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management
Inc., has more than 100 years of experience as an owner, operator and developer
of hydroelectric power facilities. Its total portfolio includes more than 170
generating facilities with approximately 4,400 megawatts of capacity. It also
has a significant hydroelectric and wind project pipeline. Brookfield Renewable
Power's operations are primarily located in North America and Brazil. For more
information, please visit Brookfield Renewable Power's website at
www.brookfieldpower.com.