Atlantic Power Corporation Announces December 2011 Common Share Dividend
15 Dezember 2011 - 8:01AM
PR Newswire (Canada)
BOSTON, Dec. 15, 2011 /CNW/ - Atlantic Power Corporation (the
"Company") today announced its distribution for the month of
December 2011. A dividend of Cdn$0.09583 per common share
will be payable on January 31, 2012 to holders of record at the
close of business on December 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 Corporation Amanda Wagemaker, Investor
Relations(617) 977-2700 info@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. SOURCE Atlantic Power Corporation
Atlantic Power Corporation CONTACT:
http://www.atlanticpower.comhttp://photos.prnewswire.com/prnh/20110809/NE49346LOGOPRN
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