Capital Power declares dividends for its Common and Cumulative Rate Reset Preference shares

EDMONTON, Nov. 20, 2013 /CNW/ - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.315 per share on the outstanding common shares for the quarter ending December 31, 2013. The dividend is payable on January 31, 2014 to shareholders of record at the close of business on December 31, 2013.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares   TSX Stock Symbol   Dividend Per Share   Record Date   Payment Date
Series 1   CPX.PR.A   $0.2875   December 16, 2013   December 31, 2013
Series 3   CPX.PR.C   $0.2875   December 16, 2013   December 31, 2013
Series 5   CPX.PR.E   $0.28125   December 16, 2013   December 31, 2013

The dividends for the common shares and preference shares 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 2,500 megawatts of power generation capacity at 13 facilities across North America and owns 371 megawatts of capacity through a power purchase agreement. 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:

Media inquiries: Michael Sheehan (780) 392-5222

Investor inquiries: Randy Mah  (780) 392-5305 or (866) 896-4636 (toll-free)

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Capital Power Corporation

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