April 26, 2019

Capital Power declares dividends for its Common and Preference shares


EDMONTON, Alberta РThe Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.4475 per share on the outstanding common shares for the quarter ending June 30, 2019. The dividend is payable on July 31, 2019 to shareholders of record at the close of business on June 28, 2019.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares TSX Stock Symbol Dividend Per Share Record Date Payment Date
Series 1 CPX.PR.A $0.19125 June 17, 2019 June 28, 2019
Series 3 CPX.PR.C $0.3408125 June 17, 2019 June 28, 2019
Series 5 CPX.PR.E $0.327375 June 17, 2019 June 28, 2019
Series 7 CPX.PR.G $0.375 June 17, 2019 June 28, 2019
Series 9 CPX.PR.I $0.359375 June 17, 2019 June 28, 2019

 

The dividends for the common shares and preference shares 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 (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns approximately 5,100 megawatts (MW) of power generation capacity at 25 facilities across North America. Approximately 900 MW of owned generation capacity is in advanced development in Alberta and Illinois.