Atlantic Power Corporation Announces November 2010 Common Share Dividend
November 15 2010 - 11:17AM
Marketwired
Atlantic Power Corporation (TSX: ATP)(NYSE: AT) (the "Company")
today announced its distribution for the month of November 2010. A
dividend of Cdn$0.0912 per common share will be payable on December
31, 2010 to holders of record at the close of business on November
30, 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 current portfolio consists of interests in 11 operational power
generation projects across eight states, one wind project under
construction in Idaho, one biomass project under construction in
Georgia, a 500 kilovolt 84-mile electric transmission line located
in California and several development projects. Our power
generation projects in operation have an aggregate gross electric
generation capacity of approximately 1,738 megawatts (or "MW"), in
which our ownership interest is approximately 788 MW.
Contacts: Atlantic Power Corporation Patrick Welch (617)
977-2700 info@atlanticpower.com
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Atlantic Power (NYSE:AT)
Historical Stock Chart
From Jul 2023 to Jul 2024