EDMONTON, March 1, 2013 /CNW/ - The Board of Directors for Capital Power
Corporation (TSX: CPX) (Capital Power) announced today the declaration
for the initial quarterly dividend of $0.3151 per share on its
Cumulative Rate Reset Preference Shares (Series 3) (TSX: CPX.PR.C).
The dividend is to be paid on March 28, 2013 to shareholders of record
at the close of business on March 15, 2013. This initial quarterly
dividend represents the time period from when the initial share
offering closed on December 18, 2012 to March 31, 2013. Future
quarterly dividends, if declared, will be $0.2875 per quarter or $1.15
per annum for the initial five-year period ending December 31, 2018.
The dividends are 100 per cent eligible dividends as defined by the
Income Tax Act. Under this legislation, individuals resident in Canada
may be entitled to enhanced dividend tax credits that reduce the income
tax otherwise payable on these dividends.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power
producer headquartered in Edmonton, Alberta. The company develops,
acquires, operates and optimizes power generation from a variety of
energy sources. Capital Power owns more than 3,600 megawatts of power
generation capacity at 16 facilities across North America. An
additional 595 megawatts of owned generation capacity is under
construction or in advanced development in Alberta and Ontario.
SOURCE: Capital Power Corporation
For further information:
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Investor inquiries: Randy Mah (780) 392-5305 or (866) 896-4636 (toll-free)