Atlantic Power Corporation Announces February 2011 Common Share Dividend
15 Februar 2011 - 6:00PM
Business Wire
Atlantic Power Corporation (TSX: ATP) (NYSE: AT) (the “Company”)
today announced its distribution for the month of February 2011. A
dividend of Cdn$0.0912 per common share will be payable on March
31, 2011 to holders of record at the close of business on February
28, 2011.
Tax Information for Shareholders
Atlantic Power Corporation designates this dividend to be an
“eligible dividend” pursuant to subsection 89(14) of the Income Tax
Act (Canada) and its equivalent in any provinces of Canada.
U.S. individual or other non-corporate taxpayers should be
eligible for the reduced rate of tax currently applicable to
“qualified dividends” provided that the investor meets the holding
period and any other requirements.
The Company’s common share dividend is subject to a 15%
withholding tax for U.S. holders. U.S. individuals holding shares
in taxable accounts may be eligible to receive a credit on their
U.S. income tax return for this withholding tax. U.S. individuals
holding the Company’s common shares in Individual Retirement
Accounts (“IRAs”) may be exempt from withholding tax pursuant to
the Canada – U.S. Income Tax Convention.
Taxpayers should always seek their own independent qualified
professionals regarding the tax consequences of purchasing or
owning common shares of the Company. Individuals who believe the
withholding tax exemption applies to their IRA should contact their
broker to determine how to claim the exemption.
About Atlantic Power
Atlantic Power Corporation is an independent power producer with
power projects located in major markets in the United States. The
Company’s current portfolio consists of interests in 13 operational
power generation projects across ten states, a 500 kilovolt 84-mile
electric transmission line located in California, one biomass
project under construction in Georgia, and a number of development
projects. The Company’s power generation projects in operation have
an aggregate gross electric generation capacity of approximately
1,961 megawatts (or "MW"), in which the Company’s ownership
interest is approximately 878 MW.
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