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  5. BN: I have all three of these positions. [Brookfield Corporation Class A Limited]
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Investment Q&A

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Q: I have all three of these positions.

I'm happy to keep my capital invested in the Brookfield empire, but it feels inefficient and not thought out the way it sits in my portfolio, almost like a series of afterthoughts.

The breakdown of the three (as a % of their cumulative totals in my portfolio)

BN = 57%
BEPC = 8%
BEP.UN = 35%

(Ignoring the whole tax schmozzle with reg vs NR accounts),

Would you recommend any changes? That could include adding another Brookfield entity as a possibility.
Asked by Robert on July 08, 2025
5i Research Answer:

BEP.UN ans BEPC are 'paired' companies and for all intents the exact same thing from an economic standpoint. But it is difficult to 'ignore' the tax schmozzle because BEPC provides the dividend tax credit and BEP.UN does not. It depends on an investors' tax rate, but we would be fully fine with switching to all BEPC in a non-reg account, or all BEP.UN in a registered account (to get a higher yield, 1.24% higher today). This would at least clean up one position. If three stocks are still desired from the group, we would be fine adding BIP.UN for its business diversity after the first switch is made. Keep in mind that BN owns positions in all of these companies, so there is some doubling up on exposure. For a growth-focused account, we would be also comfortable with just BN.