Atlantic Power Corporation Announces March 2012 Common Share Dividend
14 März 2012 - 11:53AM
PR Newswire (Canada)
BOSTON, March 15, 2012 /CNW/ - Atlantic Power Corporation (the
"Company") today announced its distribution for the month of March
2012. A dividend of Cdn$0.09583 per common share will be payable on
April 30, 2012 to holders of record at the close of business on
March 30, 2012. 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 25% withholding tax
rate for holders that are not residents of Canada, which may be
reduced pursuant to an applicable tax treaty. The withholding tax
rate is 15% for U.S.-resident holders that qualify for the benefits
of the Canada – U.S. Income Tax Convention. Non-Canadian holders
may be required by their brokers to complete a Form NR301 (or an
equivalent form) in order to demonstrate their entitlement to a
treaty-reduced rate of withholding tax after December 31, 2012.
U.S. and other non-Canadian holders should consult their brokers
about the requirement to provide such forms. 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 2,140 MW,
consisting of interests in 31 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 in Charlotte, NC. Atlantic Power is incorporated in
British Columbia, headquartered in Boston and has offices in
Chicago, Toronto, Vancouver and San Diego. Our corporate strategy
is to increase the value of the company through accretive
acquisitions in North American markets while generating stable,
contracted cash flows from our existing assets to sustain our
dividend payout to shareholders. Our dividend is currently paid
monthly at an annual rate of Cdn$1.15 per share. Atlantic Power has
a market capitalization of approximately $1.6 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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