BOSTON, Dec. 4, 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 December 31, 2014 to shareholders of record at
the close of business on December 15, 2014.
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 2,945 MW in which its
aggregate ownership interest is approximately 2,024 MW. 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 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.
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SOURCE Atlantic Power Corporation