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Pattern Energy Group Inc.

12:02 PM EST - Pattern Energy Group Inc. : And CBRE Caledon Capital Management Inc. announced today that they have filed an early warning report in connection with the previously announced investment in Pattern. The Transaction closed on October 25, and was completed pursuant to a securities purchase and rights agreement, entered into on October 10, among certain entities managed by CBRE Caledon, an affiliate of the CAAT Pension Plan 1793177 Ontario Inc., and Pattern Energy, pursuant to which the Purchasers collectively agreed to purchase an aggregate of 10,400,000 series A perpetual preferred shares of Pattern Energy for aggregate gross proceeds of US$256,100,000 or US$24.625 per series A perpetual preferred share by way of a private placement. The CBRE Caledon Purchasers acquired 8,000,000 Preferred Shares, the CAAT Pension Plan Purchaser acquired 2,000,000 Preferred Shares, and 179 Ontario acquired 400,000 Preferred Shares in the Transaction. Pattern Energy Group Inc. shares T.PEGI are trading down $0.44 at $35.82.