Northland Power Income Fund Announces Monthly Distributions to Unitholders for the Third Quarter of 2010
21 Juli 2010 - 4:46PM
Marketwired Canada
Announcement of Q3/2010 Monthly Distributions
Northland Power Income Fund (the "Fund") (TSX:NPI.UN)(TSX:NPI.DB)(TSX:NPI.DB.A)
is pleased to announce distributions to Unitholders in the amount of $0.09 per
unit per month for the 3rd quarter of 2010 as follows:
Month Record Date Distribution Date Amount
July July 31 August 16 $0.09
August August 31 September 15 $0.09
September September 30 October 15 $0.09
ABOUT THE FUND
Northland is a Canadian income trust that has ownership or economic interests in
10 power projects totaling over 1,100 megawatts ("MW") (net 872 MW). Northland's
assets comprise natural-gas-fired plants which efficiently and cleanly produce
electricity and steam as well as facilities generating renewable energy from
wind and biomass. Sales are made almost entirely under long-term contracts with
a current average duration of 13 years. Northland's plants are located in
Canada, the United States and Germany. In addition, Northland has the 86 MW Spy
Hill project, 260 MW North Battleford project and 216 MW of wind, solar and
run-of-river hydro projects awarded under the Ontario Power Authority's
Feed-in-Tariff program in advanced stages of development. Northland also has a
diverse development portfolio of high-quality 'Clean and Green' energy projects,
including wind, solar, natural gas, and hydro assets that supports its strategy
of sustainable growth primarily through internally developed opportunities. The
Fund's trust units and two series of convertible debentures, which trade on the
Toronto Stock Exchange under the symbols NPI.UN, NPI.DB and NPI.DB.A
respectively, are qualified investments for RRSPs and DPSPs under the Canadian
Income Tax Act. The Fund has in place a distribution re-investment plan that
allows Unitholders who are residents of Canada to automatically have their
monthly cash distributions reinvested in additional units. Participants do not
pay any costs associated with the plan, including brokerage commissions. For
further information or to join the plan, contact your financial advisor or
broker.
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