Capstone Infrastructure Corporation and Renewable Energy Developers Inc. Set Closing Date and Announce Third Quarter Dividend

  Capstone Infrastructure Corporation and Renewable Energy Developers Inc. Set
  Closing Date and Announce Third Quarter Dividend for ReD Shareholders

Business Wire

TORONTO, Ontario -- September 20, 2013

Capstone Infrastructure Corporation (“Capstone”) (TSX: CSE; CSE.PR.A;
CSE.DB.A) and Renewable Energy Developers Inc. (“ReD”) (TSX: RDZ) are pleased
to advise that the previously announced plan of arrangement pursuant to which,
among other things, Capstone will acquire all of the issued and outstanding
common shares of ReD (the “Arrangement”) is expected to close on October 1,

In light of such expectation, ReD will increase its regular quarterly dividend
for the third quarter of 2013 to $0.0195 per common share to correspond to
what ReD shareholders would have received from the merged company if the
Arrangement closed on September 30, 2013. The dividend will be paid on October
31, 2013 to ReD’s shareholders of record at the close of trading on September
30, 2013. The dividends paid by ReD on its common shares are designated
"eligible" dividends for purposes of the Income Tax Act (Canada). An enhanced
dividend tax credit applies to eligible dividends paid to Canadian residents.

A consent agreement giving effect to the foregoing has been entered into by
Capstone and ReD and will be filed under each of Capstone’s and ReD’s profiles

Capstone Infrastructure Corporation

Capstone’s mission is to build and responsibly manage a high quality portfolio
of infrastructure businesses in Canada and internationally in order to deliver
a superior total return to shareholders by providing reliable income and
capital appreciation. Capstone’s portfolio currently includes investments in
gas cogeneration, wind, hydro, biomass and solar power generating facilities,
representing approximately 370 MW of installed capacity, a 33.3% interest in a
district heating business in Sweden, and a 50% interest in a regulated water
utility in the United Kingdom. For more information, please visit

Renewable Energy Developers Inc.

ReD is dedicated to the development, ownership and operation of renewable
energy projects. Through project development efforts, acquisitions,
partnerships and joint ventures, ReD provides its shareholders with income and
growth from the renewable power generation sector of the energy industry. For
more information, please visit

Notice to Readers

Certain information presented in this news release contains “forward-looking
information” within the meaning of Canadian securities legislation and
“forward-looking statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively, “forward-looking
statements”). These forward-looking statements are made as of the date of this
news release. Forward-looking statements are provided for the purpose of
presenting information about Capstone’s and ReD’s management’s current
expectations and plans relating to the future and readers are cautioned that
such statements may not be appropriate for other purposes. These statements
use forward-looking words, such as “anticipate”, “continue”, “could”,
“expect”, “may”, “will”, “estimate”, “plan”, “believe” or other similar words,
and include, among other things, statements concerning the timing and
implementation of the Arrangement. These statements are subject to known and
unknown risks and uncertainties that may cause actual results or events to
differ materially from those expressed or implied by such statements and,
accordingly, should not be read as guarantees of future performance or
results. The forward-looking statements within this document are based on
information currently available and what Capstone and ReD currently believe
are reasonable assumptions, including the material assumptions set out in
Capstone’s and ReD’s most recent interim and annual financial statements and
management’s discussion and analysis of the results of operations and the
financial condition of Capstone and ReD filed on

Although Capstone and ReD believe that they have a reasonable basis for the
expectations reflected in these forward-looking statements, actual results may
differ from those suggested by the forward-looking statements for various
reasons, including the conditions of the Arrangement not being satisfied.
Additional information regarding such risks and uncertainties is provided
under the heading “Risk Factors” in the management information circular of
Capstone dated August 2, 2013 and under the heading “The Arrangement – Risks
Associated with the Arrangement” in the management information circular of ReD
dated August 1, 2013 filed on

The assumptions, risks and uncertainties described above are not exhaustive
and other events and risk factors could cause actual results to differ
materially from the results and events discussed in the forward-looking
statements. The forward-looking statements within this news release reflect
current expectations of Capstone and ReD as at the date of this document and
speak only as at the date of this document. Except as may be required by
applicable law, Capstone and ReD do not undertake any obligation to publicly
update or revise any forward-looking statements.

The securities described herein have not been, and will not be, registered
under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)
or any U.S. state securities laws, and may not be offered or sold in the
United States or to, or for the account or benefit of, United States persons
absent registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities
laws. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States, nor shall
there be any sale or issuance of these securities in any jurisdiction in which
such offer, solicitation, issuance or sale would be unlawful.

This document is not an offer or invitation for the subscription or purchase
of or a recommendation of securities. It does not take into account the
investment objectives, financial situation and particular needs of any
investors. Before making an investment in Capstone or ReD, an investor or
prospective investor should consider whether such an investment is appropriate
to their particular investment needs, objectives and financial circumstances
and consult an investment adviser if necessary.


Capstone Infrastructure Corporation
Sarah Borg-Olivier, 416-649-1325
Senior Vice President, Communications
Renewable Energy Developers Inc.
Jeff Jenner, CA, CBV, 647-476-7580
President and Chief Executive Officer
Press spacebar to pause and continue. Press esc to stop.