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Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Atlantic Power Corporation

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit Against Atlantic Power Corporation

Business Wire

BENSALEM, Pa. -- March 25, 2013

Law Offices of Howard G. Smith announces that investors of Atlantic Power
Corporation (“Atlantic Power” or the “Company”) (NYSE:AT) have until May 8,
2013 to move the Court to serve as lead plaintiff in the securities fraud
class action lawsuit filed in the United States District Court for the
District of Massachusetts on behalf of a class (the “Class”) comprising all
purchasers of Atlantic Power common stock between August 8, 2012 and February
28, 2013, inclusive (the “Class Period”). Atlantic Power operates as a power
generation and infrastructure company with a portfolio of assets in the United
States and Canada.

The Complaint alleges that throughout the Class Period, Defendants made false
and/or misleading statements or failed to disclose material adverse facts
about the Company’s business, operations and prospects. Specifically, the
Complaint alleges that the Company and its President and Chief Executive
Officer, Barry Welch, made false and misleading statements regarding the
sustainability of Atlantic Power's stock dividend, which was regarded by the
Company as one of its corporate objectives.

On February 28, 2013, the Company disclosed that it was cutting its monthly
dividend, starting in March 2013, by more than 50%. According to the Company,
even though its February 2013 dividend was Cdn$0.09583, “the Board, with
management’s recommendation, unanimously approved a reduction in the annual
dividend level to Cdn$0.40 per share, or Cdn$0.03333 per share on a monthly
basis.” On this news, shares of the Company declined $2.85 per share, or
28.59%, to close on March 1, 2013 at $7.12 per share, on unusually heavy
volume, and further declined $1.21 per share, to close on March 4, 2013 at
$5.91 per share, also on unusually heavy volume.

If you are a member of the Class described above, you have certain rights, and
have until May 8, 2013 to move for lead plaintiff status. To be a member of
the Class you need not take any action at this time, or may retain counsel of
your choice. If you wish to discuss this action or learn more concerning your
rights or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our
website at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com