DEDHAM, Mass., March 3, 2016 /PRNewswire/ -- Atlantic Power
Corporation ("Atlantic Power") and Atlantic Power Preferred Equity
Ltd. (TSX: AZP.PR.A, AZP.PR.B and AZP.PR.C) (the "Corporation"), a
subsidiary of Atlantic Power, announced that the Corporation has
declared quarterly dividends of Cdn$0.303125 per share on its Cumulative
Redeemable Preferred Shares, Series 1 (the "Series 1 Shares"),
Cdn$0.348125 on its Cumulative Rate
Reset Preferred Shares, Series 2 (the "Series 2 Shares") and
Cdn$0.287563 on its Cumulative
Floating Rate Preferred Shares, Series 3 (the "Series 3
Shares").
The dividends on the Series 1 Shares, Series 2 Shares and Series
3 Shares are to be paid on March 31, 2016 to shareholders of
record at the close of business on March 14, 2016.
Tax Information for Shareholders
The Corporation designates the dividend on each of the Series 1
Shares, Series 2 Shares and Series 3 Shares to be an "eligible
dividend" pursuant to subsection 89(14) of the Income Tax Act
(Canada) and its equivalent in any
of the provinces and territories 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. Taxpayers should always seek their own
independent qualified professionals for advice regarding the tax
consequences of purchasing or owning preferred shares of the
Corporation.
About Atlantic Power Preferred Equity Ltd.
The Corporation is incorporated under the laws of the Province
of Alberta and is an indirect,
wholly-owned subsidiary of Atlantic Power. The Corporation directly
holds Atlantic Power's business and power generation and other
assets in British Columbia,
operates as a holding company and indirectly holds certain of
Atlantic Power's business and power generation and other assets in
the United States, including
Atlantic Power's Curtis Palmer,
Manchief, Frederickson, Naval Station, North Island, Naval Training
Center, Oxnard, Kenilworth, and
Morris power generating facilities.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power
generation assets in the United
States and Canada. The 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. Atlantic Power's power generation projects in
operation have an aggregate gross electric generation capacity of
approximately 2,141 megawatts ("MW") in which its aggregate
ownership interest is approximately 1,504 MW. Atlantic
Power's current portfolio consists of interests in twenty-three
operational power generation projects across nine states in
the United States and two
provinces in Canada.
Atlantic Power 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
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
Atlantic Power's website.
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SOURCE Atlantic Power Corporation