Atlantic Power Corporation Announces November 2011 Common Share Dividend
12 November 2011 - 1:59AM
PR Newswire (Canada)
BOSTON, Nov. 15, 2011 /CNW/ -- Atlantic Power Corporation (the
"Company") today announced its distribution for the month of
November 2011. A dividend of Cdn$0.09536 per common share will be
payable on December 30, 2011 to holders of record at the close of
business on November 30, 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 is a leading publicly traded, power generation and
infrastructure company with a well diversified portfolio of assets
in the United States and Canada. Our power generation projects sell
electricity to utilities and other large commercial customers under
long-term power purchase agreements, which seek to minimize
exposure to changes in commodity prices. The net generating
capacity of the Company's projects is approximately 2,116 MW,
consisting of interests in 30 operational power generation projects
across 11 states and 2 provinces, one 53 MW biomass project under
construction in Georgia, and an 84-mile, 500 kilovolt electric
transmission line located in California. Atlantic Power also owns a
majority interest in Rollcast Energy, a biomass power plant
developer with several projects under development. Atlantic Power
is incorporated in British Columbia, headquartered in Boston and
has offices in Chicago, Toronto, and Richmond, B.C. Our corporate
strategy is to generate stable cash flows from our existing assets
and to make accretive acquisitions to sustain our dividend payout
to shareholders, which is currently paid monthly at an annual rate
of Cdn$1.15 per share. Atlantic Power has a market capitalization
of approximately $1.5 billion and trades on the New York Stock
Exchange under the symbol AT and on the Toronto Stock Exchange
under the symbol ATP. For more information, please visit the
Company's website at www.atlanticpower.com or contact: Atlantic
Power CorporationAmanda Wagemaker, Investor Relations(617)
977-2700info@atlanticpower.com Copies of financial data and other
publicly filed documents are filed on SEDAR at www.sedar.com or on
EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation"
or on the Company's website. Atlantic Power Corporation CONTACT:
Web Site: http://www.atlanticpower.com
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