At the Meeting*, Shareholders are being asked to consider and, if deemed advisable, to pass a special resolution approving a statutory plan of arrangement between Boralex Inc. (the “Corporation” or “Boralex”) and BIF Thunder Holdings Inc. (the “Purchaser”), a newly formed entity to be jointly owned by Brookfield Infrastructure Fund V and/or its affiliates and Caisse de dépôt et placement du Québec, as more particularly described in the Circular, available below.
Under the terms of the Arrangement, among other things, the Purchaser will acquire all of the issued and outstanding Shares of Boralex for $37.25 in cash per Share, subject to the terms and conditions of the Arrangement Agreement dated March 25, 2026 between the Purchaser and the Corporation.
*All capitalized terms have the meaning set forth in the Circular.
Your Vote is important, vote today!
Shareholders with questions about the information contained in the Circular, who require assistance with voting their Shares or in completing their form of proxy or voting instruction form should contact Boralex’s proxy solicitation agent, Laurel Hill Advisory Group, by calling 1-877-452-7184 (toll free in North America) or 1-416-304-0211 (outside of North America), texting “INFO” to either number, or by emailing assistance@laurelhill.com.
Board Recommendation
The Board of Boralex has unanimously approved the Arrangement and recommends that Shareholders vote FOR the Arrangement Resolution and all other items of business.
We encourage Shareholders to cast their votes well in advance of the proxy voting deadline: Tuesday, June 2, 2026, at 10:00 a.m. (Eastern time).
Documents
- Management Information Circular
- Form of Proxy
- Letter of Transmittal
- Notice of Meeting
- Press Release - Boralex Enters into Definitive Agreement to be Acquired by Brookfield, alongside La Caisse, Supporting its Next Phase of Growth as a Standalone Private Company
- Hybrid Meeting Guide
Meeting Location
The Meeting will be held on June 4, 2026 at 10:00 a.m. (Eastern time) in a hybrid format so that Shareholders may attend in person at 1250 René-Lévesque Blvd. West, Suite 3610, Montréal, Québec, Canada, or virtually by accessing the live audio webcast at https://meetings.lumiconnect.com/400-679-499-342 and using the password “boralex2026” (case sensitive).