On March 25, 2026, Brookfield Asset Management (“Brookfield”) and Caisse de dépôt et placement du Québec (“La Caisse”) entered into a definitive arrangement agreement to acquire Boralex Inc. (“Boralex”) in a take-private transaction. Under the agreement, Boralex will continue to operate as an independent private company following closing.

Brookfield is a global alternative asset manager with investments across renewable energy, private equity, real estate and credit.

La Caisse, based in Québec City, Québec, is a global institutional investment group focused on public markets, private equity, infrastructure, real estate and private credit.

Boralex, headquartered in Québec, is a renewable energy producer focused on the development, construction and operation of wind, solar and hydroelectric power facilities across Canada, the United States, France, and the United Kingdom.

National Bank Capital Markets and RBC Capital Markets are acting as financial advisors to Boralex. Stikeman Elliott LLP is acting as legal counsel to Boralex and the Special Committee. Desjardins Capital Markets is acting as independent financial advisor and independent valuator to the Special Committee. BMO Capital Markets is acting as financial advisor to Brookfield and McCarthy Tétrault LLP is acting as its legal counsel. CIBC Capital Markets is acting as financial advisor to La Caisse and Davies Ward Phillips & Vineberg LLP is acting as its legal counsel.