MONTREAL, July 19 /CNW Telbec/ - Boralex Power Income Fund (the "Fund") has today declared a cash distribution in the amount of $0.02043 for the period from July 13, 2010 to July 31, 2010.
The amount of this distribution was determined based on the number of days during this period and the amount of $0.03333 per trust unit normally distributed by the Fund on a monthly basis. A cash distribution in the amount of $0.01290 was previously declared for the period from July 1, 2010 to July 12, 2010, being the initially scheduled expiry date of the offer made by Boralex Inc. ("Boralex") to acquire all the issued and outstanding trust units of the Fund.
The distribution will be paid on August 23, 2010, to unitholders of record at the close of business on July 30, 2010, being the new expiry date Boralex's offer, as extended and varied by Boralex, and will be paid regardless of whether unitholders have tendered or will tender their trust units pursuant to Boralex's offer.
About Boralex Power Income Fund
Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Québec and the United States producing energy from different sources including wood-residue or natural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 MW. The Fund's units are listed for trading on The Toronto Stock Exchange under the symbol BPT.UN.
SOURCE BORALEX POWER INCOME FUND
For further information: For further information: Ms. Patricia Lemaire, Director, Publics Affairs and Communications, Boralex Power Inc., 514-985-1353, email@example.com