BRF.PR.A Brookfield Renewable Power Preferred Equity Inc

Brookfield Renewable Power Fund (TSX:BRC.UN) ("Fund") and the Fund's
wholly-owned subsidiary, Brookfield Renewable Power Preferred Equity Inc.
(TSX:BRF.PR.A) ("BRP Equity") today announced that the special meeting of the
holders of Class A Preference Shares, Series 1 (the "Preferred Shareholders") of
BRP Equity to be held today has been adjourned due to a lack of quorum. The
adjourned special meeting will occur on November 16, 2011 at 10:00 a.m. (Toronto
time) at the offices of Torys LLP, located at 79 Wellington Street West,
Toronto, Ontario, M5K 1N2, at which 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 Brookfield Renewable Power Inc. ("Brookfield Power") and the Fund to
create Brookfield Renewable Energy Partners L.P. ("BREP"), a publicly-traded
partnership focused on renewable power generation. 


More than 99% of the votes cast to date by Preferred Shareholders were cast FOR
the Arrangement.


Proxies for the adjourned special meeting must be received no later than 5:00
p.m. (Toronto time) on November 14, 2011. The record date for Preferred
Shareholders entitled to vote at the adjourned special meeting remains the close
of business on October 3, 2011. At the adjourned special meeting, quorum will
consist of the Preferred Shareholders present in person or by proxy.


The board of directors of BRP Equity has unanimously approved the Arrangement
and recommends that the Preferred Shareholders vote FOR the resolution approving
the Arrangement. Preferred Shareholders are encouraged to read the management
information circular for the special meeting, which contains detailed
information about the arrangement resolution to be voted upon, and to vote their
Class A Preference Shares, Series 1. A copy of the management information
circular is available under BRP Equity's issuer profile on the System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and on the
Fund's website at www.brpfund.com.


Preferred Shareholders who have questions about the information contained in the
management information circular or the arrangement resolution or who require
assistance in completing the applicable form of proxy or voting instruction
form, are encouraged to contact Phoenix Advisory Partners, the information
agent, by telephone toll free at 1-800-243-5194 or by email at
inquiries@phoenixadvisorypartners.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
renewable power 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 the Fund and BRP Equity 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 the Fund nor BRP Equity
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.

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