DEDHAM, Mass., June 3, 2016 /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$0.290000 on its Cumulative
Floating Rate Preferred Shares, Series 3 (the "Series 3
Shares").
The dividends on the Series 1 Shares, Series 2 Shares and Series
3 Shares are to be paid on June 30, 2016 to shareholders of
record at the close of business on June 14, 2016.
Tax Information for Shareholders
The Corporation designates the dividend on each of the Series 1
Shares, Series 2 Shares and 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
for advice regarding the tax consequences of purchasing or owning
preferred shares of the Corporation.
About Atlantic Power Preferred Equity Ltd.
The Corporation is incorporated under the laws of the Province
of Alberta and is an indirect,
wholly-owned subsidiary of Atlantic Power. The Corporation holds,
directly or indirectly, Atlantic Power's business and power
generation and other assets in British
Columbia and the United
States.
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. Atlantic
Power's power generation projects in operation have an aggregate
gross electric generation capacity of approximately 2,138 megawatts
("MW") in which its aggregate ownership interest is approximately
1,500 MW. Atlantic Power'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
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