EDMONTON, June 3, 2011 /CNW/ - Capital Power Income L.P. (TSX: CPA.UN)
(the Partnership) and CPI Preferred Equity Ltd. (TSX: CZP.PR.A and
CZP.PR.B) (the Corporation), a subsidiary of the Partnership, announced
that the Corporation has declared quarterly dividends of $0.303125 per
share on its Cumulative Redeemable Preferred Shares, Series 1 (the
Series 1 Shares) and $0.437500 on its Cumulative Redeemable Rate Reset
Preferred Shares, Series 2 (the Series 2 Shares).
The dividends on the Series 1 Shares and the Series 2 Shares are to be
paid 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
About Capital Power Income L.P.
Established in 1997, Capital Power Income L.P. is a limited partnership
organized under the laws of the Province of Ontario. The Partnership's
portfolio includes 19 wholly-owned power generation assets located in
Canada and the United States and a 50 per cent interest in a power
generation asset in Washington State. The Partnership's assets have a
total net generating capacity of 1,400 megawatts and more than four
million pounds per hour of thermal energy. For more information on the
Partnership, please visit: www.capitalpowerincome.ca.
About CPI Preferred Equity Ltd.
The Corporation was incorporated under the laws of the Province of
Alberta on June 26, 1998 and is a wholly-owned subsidiary of the
Partnership. The Corporation operates as a holding company and
indirectly holds all of the Partnership's business and power generation
and other assets in the United States and British Columbia, including
the Partnership's Curtis Palmer, Manchief, Frederickson, Naval Station,
North Island, Naval Training Center, Oxnard, Greeley, Kenilworth,
Roxboro, Southport, Morris, Williams Lake, Mamquam and Moresby Lake
power generating facilities. These facilities have a total generating
capacity of approximately 1,202 megawatts (representing approximately
86 per cent of the total generating capacity of the Partnership's
assets) and approximately four million pounds per hour of thermal
energy (representing 100 per cent of the total thermal energy capacity
of the Partnership's assets).
SOURCE Capital Power Income L.P.
For further information:
| Media inquiries: || Mike Long || (780) 392-5207 |
| Shareholder and analyst inquiries: |
| Randy Mah |
| (780) 392-5305 |
(866) 896-4636 (toll free)