DEDHAM, Mass., June 4, 2015 /PRNewswire/ -- Atlantic Power
Corporation ("Atlantic Power") and Atlantic Power Preferred Equity
Ltd. (TSX: AZP.PR.A, AZP.PR.B and AZP.PR.C) (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"),
Cdn$0.348125 on its Cumulative Rate
Reset Preferred Shares, Series 2 (the "Series 2 Shares") and
Cdn$0.308750 on its Cumulative
Floating Rate Preferred Shares, Series 3 (the "Series 3
Shares").
The dividends on the Series 1 Shares, the Series 2 and the
Series 3 Shares are to be paid on June 30, 2015 to
shareholders of record at the close of business on June 15,
2015.
Tax Information for Shareholders
The Corporation designates the dividend on each of the Series 1
Shares, the Series 2 Shares and the Series 3 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, 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. The
Company's power generation projects sell electricity to utilities
and other large commercial customers largely under long-term power
purchase agreements ("PPAs"), which seek to minimize exposure to
changes in commodity prices. Pro forma for the expected sale of the
Wind Projects, Atlantic Power's power generation projects in
operation have an aggregate gross electric generation capacity of
approximately 2,137 megawatts ("MW") in which its aggregate
ownership interest is approximately 1,502 MW. The Company's current
portfolio consists of interests in twenty-three operational power
generation projects across nine 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; Atlantic Power Preferred
Equity Ltd.