BOSTON, March 5, 2014 /CNW/
- Atlantic Power Corporation (Atlantic Power) and Atlantic Power
Preferred Equity Ltd. (TSX: AZP.PR.A and AZP.PR.B) (the
Corporation), a subsidiary of Atlantic Power, announced that the
Corporation has declared quarterly dividends of Cdn$0.303125 per
share on its Cumulative Redeemable Preferred Shares, Series 1 (the
Series 1 Shares) and Cdn$0.437500 on its Cumulative Rate Reset
Preferred Shares, Series 2 (the Series 2 Shares).
The dividends on the Series 1 Shares and the Series 2 Shares are
to be paid on March 31, 2014 to
shareholders of record at the close of business on March 17, 2013.
Tax Information for Shareholders
The Corporation designates the dividend on each of the Series 1
Shares and the Series 2 Shares to be an "eligible dividend"
pursuant to subsection 89(14) of the Income Tax Act (Canada) and
its equivalent in any of the provinces and territories 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.
Taxpayers should always seek their own independent qualified
professionals regarding the tax consequences of purchasing or
owning preferred shares of the Corporation.
About Atlantic Power Preferred Equity Ltd.
The Corporation is a corporation incorporated under the laws of
the Province of Alberta and is an indirect,
wholly-owned subsidiary of Atlantic Power. The Corporation directly
holds Atlantic Power's business and power generation and other
assets in British Columbia, operates as a holding
company and indirectly holds certain of Atlantic Power's business
and power generation and other assets in the United
States, including Atlantic Power's Curtis Palmer,
Manchief, Frederickson, Naval Station, North Island, Naval Training
Center, Oxnard, Greeley, Kenilworth, and Morris power generating
facilities.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power
generation assets in the United States and Canada. Atlantic Power's power generation
projects sell electricity to utilities and other large commercial
customers largely under long-term power purchase agreements, which
seek to minimize exposure to changes in commodity prices. Its power
generation projects in operation have an aggregate gross electric
generation capacity of approximately 2,950 MW in which its
aggregate ownership interest is approximately 2,025 MW. These
totals exclude the Company's 40% interest in the Delta-Person
generating station that the Company entered into an agreement to
sell in December 2012. Its current
portfolio consists of interests in twenty-eight operational power
generation projects across eleven states in the United
States and two provinces in Canada.
Atlantic Power has a market capitalization of approximately
$300
million 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
Atlantic Power's website.
SOURCE Atlantic Power Corporation