Atlantic Power Corporation Announces May 2012 Common Share Dividend
15 Mai 2012 - 8:01AM
PR Newswire (Canada)
BOSTON, May 15, 2012 /CNW/ - Atlantic Power Corporation (the
"Company") today announced its distribution for the month of May
2012. A dividend of Cdn$0.09583 per common share will be payable on
June 29, 2012 to holders of record at the close of business on May
31, 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. The Company's 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 and an
84-mile, 500 kilovolt electric transmission line located in
California. In addition, the Company has one 53 MW biomass project
under construction in Georgia and one approximate 300 MW wind
project under construction in Oklahoma. 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. The Company's corporate
strategy is to increase the value of the company through accretive
acquisitions in North American markets while generating stable,
contracted cash flows from its existing assets to sustain its
dividend payout to shareholders. The Company's 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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