BOSTON, Aug. 15, 2013 /PRNewswire/ -- Atlantic Power
Corporation (TSX: ATP) (NYSE: AT) (the "Company" or "Atlantic
Power") today announced its distribution for the month of August
2013. A dividend of Cdn$0.03333
per common share will be payable on September 30, 2013 to holders of record at the
close of business on August 30,
2013.
Tax Information for Shareholders
Atlantic Power
Corporation designates its entire 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 may 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 25%
withholding tax rate for holders that are not residents of
Canada, which may be reduced
pursuant to an applicable tax treaty. The withholding tax
rate is 15% for U.S.-resident holders that qualify for the benefits
of the Canada – U.S. Income Tax
Convention.
Non-Canadian holders may be required by their brokers to
complete a Form NR301 (or an equivalent form) in order to
demonstrate their entitlement to a treaty-reduced rate of
withholding tax. U.S. and other non-Canadian holders should
consult their brokers about the requirement to provide such
forms.
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 owns and operates
a diverse fleet of power generation assets in the United States and Canada. Atlantic
Power's power generation projects sell electricity to utilities and
other large commercial customers largely under long-term power
purchase agreements, which seek to minimize exposure to changes in
commodity prices. Its power generation projects in operation
have an aggregate gross electric generation capacity of
approximately 3,018 MW in which its aggregate ownership interest is
approximately 2,098 MW. Its current portfolio consists of interests
in twenty-nine operational power generation projects across eleven
states in the United States and
two provinces in Canada.
Atlantic Power has a market capitalization of approximately
$500 million and trades on the New
York Stock Exchange under the symbol AT and on the Toronto Stock
Exchange under the symbol ATP. For more information, please
visit the Company's website at www.atlanticpower.com or
contact:
Atlantic Power Corporation
Amanda Wagemaker, Investor
Relations
(617) 977-2700
info@atlanticpower.com
Copies of financial data and other publicly filed documents are
filed on SEDAR at www.sedar.com or on EDGAR at
www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or
on the Company's website.
SOURCE Atlantic Power Corporation