Atlantic Power Corporation Announces October 2010 Common Share Dividend
October 15 2010 - 3:41PM
Marketwired
Atlantic Power Corporation (TSX: ATP)(NYSE: AT) (the "Company")
today announced its distribution for the month of October 2010. A
dividend of Cdn$0.0912 per common share will be payable on November
30, 2010 to holders of record at the close of business on October
29, 2010.
Tax Information for Shareholders
Atlantic Power Corporation designates this dividend to be an
"eligible dividend" pursuant to subsection 89(14) of the Income Tax
Act (Canada) and its equivalent in any provinces 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.
The Company's common share dividend is subject to a 15%
withholding tax for U.S. holders. U.S. individuals holding shares
in taxable accounts may be eligible to receive a credit on their
U.S. income tax return for this withholding tax. U.S. individuals
holding the Company's common shares in Individual Retirement
Accounts ("IRAs") may be exempt from withholding tax pursuant to
the Canada - U.S. Income Tax Convention.
Taxpayers should always seek their own independent qualified
professionals regarding the tax consequences of purchasing or
owning common shares of the Company. Individuals who believe the
withholding tax exemption applies to their IRA should contact their
broker to determine how to claim the exemption.
About Atlantic Power
Atlantic Power Corporation is an independent power producer,
with power projects located in major markets in the United States.
Our assets consists of interests in 12 operational power generation
projects across eight states, one wind project under construction
in Idaho, a 500 kilovolt 84-mile electric transmission line located
in California, and six development projects in five states. Our
power generation projects in operation have an aggregate gross
electric generation capacity of approximately 1,823 megawatts (or
"MW"), in which our ownership interest is approximately 808 MW.
Contacts: Atlantic Power Corporation Patrick Welch (617)
977-2700 info@atlanticpower.com
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