EDMONTON, April 29 /CNW/ - The Board of Directors for Capital Power
Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.2875
per share on its Cumulative Rate Reset Preference Shares (Series 1)
(TSX:CPX.PR.A) for the quarter ending June 30, 2011.
The dividend is payable on June 30, 2011 to shareholders of record at
the close of business on June 17, 2011.
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 is a growth-oriented North American independent power
producer, building on more than a century of innovation and reliable
performance. The Company's vision is to be recognized as one of North
America's most respected, reliable and competitive power generators.
Capital Power is headquartered in Edmonton, Alberta. Following the
close of its recently announced New England acquisitions, Capital Power
will have interests in 34 facilities in Canada and the U.S. totaling
nearly 4,900 megawatts of generation capacity. Capital Power and its
subsidiaries develop, acquire and optimize power generation from a wide
range of energy sources. The company's web site can be accessed at www.capitalpower.com.
SOURCE Capital Power Corporation
For further information:
| Media inquiries: || || || || Mike Long (780) 392-5207 |
| Investor inquiries: || || || || Randy Mah (780) 392-5305 |