Atlantic Power Corporation Announces September 2013 Common Share Dividend
BOSTON, Sept. 13, 2013 /CNW/ - Atlantic Power Corporation (TSX: ATP) (NYSE:
AT) (the "Company" or "Atlantic Power") today announced its distribution for
the month of September 2013. A dividend of Cdn$0.03333 per common share will
be payable on October 31, 2013 to holders of record at the close of business
on September 30, 2013.
Tax Information for Shareholders Atlantic Power Corporation designates its
entire dividend to be an "eligible dividend" pursuant to subsection 89(14) of
the Income Tax Act (Canada) and its equivalent in any provinces of Canada.
U.S. individual or other non-corporate taxpayers may be eligible for the
reduced rate of tax currently applicable to "qualified dividends" provided
that the investor meets the holding period and any other requirements.
The Company's common share dividend is subject to a 25% withholding tax rate
for holders that are not residents of Canada, which may be reduced pursuant to
an applicable tax treaty. The withholding tax rate is 15% for U.S.-resident
holders that qualify for the benefits of the Canada – U.S. Income Tax
Non-Canadian holders may be required by their brokers to complete a Form NR301
(or an equivalent form) in order to demonstrate their entitlement to a
treaty-reduced rate of withholding tax. U.S. and other non-Canadian holders
should consult their brokers about the requirement to provide such forms.
U.S. individuals holding shares in taxable accounts may be eligible to receive
a credit on their U.S. income tax return for this withholding tax. U.S.
individuals holding the Company's common shares in Individual Retirement
Accounts ("IRAs") may be exempt from withholding tax pursuant to the Canada
– U.S. Income Tax Convention.
Taxpayers should always seek their own independent qualified professionals
regarding the tax consequences of purchasing or owning common shares of the
Company. Individuals who believe the withholding tax exemption applies to
their IRA should contact their broker to determine how to claim the exemption.
About Atlantic Power Atlantic Power owns and operates a diverse fleet of power
generation assets in the United States and Canada. Atlantic Power's power
generation projects sell electricity to utilities and other large commercial
customers largely under long-term power purchase agreements, which seek to
minimize exposure to changes in commodity prices. Its power generation
projects in operation have an aggregate gross electric generation capacity of
approximately 3,018 MW in which its aggregate ownership interest is
approximately 2,098 MW. Its current portfolio consists of interests in
twenty-nine operational power generation projects across eleven states in the
United States and two provinces in Canada.
Atlantic Power has a market capitalization of approximately $500 million and
trades on the New York Stock Exchange under the symbol AT and on the Toronto
Stock Exchange under the symbol ATP. For more information, please visit the
Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation Amanda Wagemaker, Investor Relations (617)
Copies of financial data and other publicly filed documents are filed on SEDAR
at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power
Corporation" or on the Company's website.
SOURCE Atlantic Power Corporation
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CO: Atlantic Power Corporation
NI: OIL UTI DIV
-0- Sep/13/2013 16:00 GMT
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