Capstone Infrastructure Corporation (TSX:CSE)(TSX:CSE.DB.A)(TSX:CSE.PR.A) (the
"Corporation") today declared its first dividend on its Cumulative 5-Year Rate
Reset Preferred Shares, Series A (the "Preferred Shares") of $0.4212 per
Preferred Share to be paid on October 31, 2011 to shareholders of record at the
close of trading on October 14, 2011. This initial dividend on the Preferred
Shares covers the period from June 30, 2011 to October 31, 2011. Future
dividends on the Preferred Shares are expected to be $0.3125 quarterly, or $1.25
per share on an annualized basis, for the initial five-year period, which ends
on July 31, 2016.


The Corporation also declared a dividend on its common shares for the month of
October 2011 of $0.055 per common share. The dividend will be paid on November
15, 2011 to common shareholders of record at the close of trading on October 31,
2011. The ex-dividend date is October 27, 2011. 


Under the Corporation's Dividend Reinvestment Plan (the "Plan"), holders of
common shares who are residents of Canada may elect to have the cash dividends
paid on their common shares reinvested into additional common shares of the
Corporation. At this time, for purposes of dividends reinvested under the Plan,
the Corporation will issue new common shares at a 5% discount from the five-day
volume weighted average trading share price on the Toronto Stock Exchange of the
common shares on November 15, 2011, the dividend payment date.  


The dividends paid by the Corporation on its common shares and the Preferred
Shares are designated "eligible" dividends for purposes of the Income Tax Act
(Canada). An enhanced dividend tax credit applies to eligible dividends paid to
Canadian residents. 


A distribution of $0.055 per unit will also be paid on November 15, 2011 to
holders of record on October 31, 2011 of Class B Exchangeable Units of MPT LTC
Holding LP, which is a subsidiary entity of the Corporation.


About Capstone Infrastructure Corporation 

Capstone Infrastructure Corporation's mission is to build and responsibly manage
a high quality portfolio of infrastructure businesses in Canada and
internationally in order to deliver a superior total return to shareholders
through a combination of stable dividends and capital appreciation. The
Corporation's portfolio currently includes investments in gas cogeneration,
wind, hydro, biomass and solar power generating facilities, representing
approximately 370 MW of installed capacity, and a 33.3% interest in a district
heating business in Sweden. Please visit www.capstoneinfrastructure.com for more
information.


Capstone Infrastructure (TSX:CSE.PR.A)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Capstone Infrastructure Charts.
Capstone Infrastructure (TSX:CSE.PR.A)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Capstone Infrastructure Charts.