DEDHAM,
Mass., Dec. 3, 2018 /CNW/ -- 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$0.350351 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
December 31, 2018 to shareholders of
record at the close of business on December 14,
2018.
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 holds, directly or indirectly, Atlantic Power's
business and power generation and other assets in British Columbia and the United States.
About Atlantic Power
Atlantic Power is an independent power producer that owns
power generation assets in nine states in the United States and two provinces in
Canada. The generation projects sell electricity and steam to
investment-grade utilities and other creditworthy large customers
predominantly under long‑term Power Purchase Agreements (PPAs) that
have expiration dates ranging from 2019 to 2037. The Company
seeks to minimize its exposure to commodity prices through
provisions in the contracts, fuel supply agreements and hedging
arrangements. The projects are diversified by geography, fuel
type, technology, dispatch profile and offtaker (customer).
The majority of the projects in operation are 100% owned and
directly operated and maintained by the Company. The Company
has expertise in operating most fuel types, including gas, hydro,
and biomass, and it owns a 40% interest in one coal
project.
Atlantic Power's shares trade 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 the Company's financial data and other publicly
filed documents are available 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.
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SOURCE Atlantic Power Corporation