Capstone Infrastructure Corporation Declares Dividends on Preferred and Common Shares
03 Oktober 2011 - 11:15PM
Marketwired
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.
Contacts: Capstone Infrastructure Corporation Sarah Borg-Olivier
Vice President, Communications
416-607-5009sborg-olivier@capstoneinfrastructure.com
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