June 5, 2012
/PRNewswire/ -- Atlantic Power Corporation (Atlantic Power or the Company) and Atlantic Power Preferred Equity Ltd. (TSX: AZP.PR.A and AZP.PR.B) (the Corporation), a subsidiary of Atlantic Power, announced that the Corporation has declared quarterly dividends of
per share on its Cumulative Redeemable Preferred Shares, Series 1 (the Series 1 Shares) and
on its Cumulative Rate Reset Preferred Shares, Series 2 (the Series 2 Shares).
The dividends on the Series 1 Shares and the Series 2 Shares are to be paid on June 29, 2012 to shareholders of record at the close of business on June 18, 2012.
Tax Information for Shareholders
The Corporation designates the dividend on each of the Series 1 Shares and the Series 2 Shares to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (
) 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 regarding the tax consequences of purchasing or owning preferred shares of the Corporation.
About Atlantic Power Preferred Equity Ltd.
The Corporation is a corporation incorporated under the laws of the Province of
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
, 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
, Manchief, Frederickson, Naval Station, North Island, Naval Training Center,
, and Morris power generating facilities.