Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 Ex-Dividend Reminder

On 9/12/14, Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 9/30/14. As a percentage of AZP.PRB's recent share price of $16.65, this dividend works out to approximately 2.63%, so look for shares of AZP.PRB to trade 2.63% lower — all else being equal — when AZP.PRB shares open for trading on 9/12/14. On an annualized basis, the current yield is approximately 10.45%.

As of last close, AZP.PRB was trading at a 33.00% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of AZP.PRB shares, versus ATP:

Performance Comparison Chart

Below is a dividend history chart for AZP.PRB, showing historical dividends prior to the most recent $0.4375 on Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2:

AZP.PRB+Dividend+History+Chart

In Wednesday trading, Atlantic Power Corporation's Cumulative Rate Reset Preferred Shares, Series 2 (TSX: AZP-PRB.TO) is currently down about 0.6% on the day, while the common shares (TSX: ATP.TO) are trading flat.

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