Business
Great Lakes Hydro Income Fund Declares Cash Distribution for July 2006
Great Lakes Hydro Income Fund Declares Cash Distribution for July 2006.
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n\nSTOCK SYMBOL: GLH.UN/TSX\n\nGATINEAU, QC, July 20 /CNW Telbec/ - (GLH.UN) - Great Lakes Hydro Income\nFund today declared a cash distribution of 10.33 cents per unit for the month\nof July 2006, payable by August 31, 2006 to unitholders of record on July 31,\n2006. The ex-distribution date is July 27, 2006.\nThe schedule below sets out Great Lakes Hydro Income Fund's cash\ndistribution history for the last six months:\n\n>\n\nAbout Great Lakes Hydro Income Fund\n\nGreat Lakes Hydro Income Fund is a premier Canadian income fund and one\nof the largest power income fund in North America with 1,015 megawatts of\npower generating capacity and an average annual production of 3,874 gigawatt\nhours.\nGreat Lakes Hydro Income Fund produces electricity exclusively from\nenvironmentally friendly hydroelectric resources. The Fund owns, operates and\nmanages 26 high quality hydroelectric generating stations located on seven\nriver systems in four distinct geographic regions across North America:\nQuebec, Ontario, British Columbia and New England.\nBrookfield Power, which comprises the majority of the power operations of\nBrookfield Asset Management owns 50.1% of the Fund's outstanding units. Great\nLakes Hydro Income Fund units are listed for trading on the Toronto Stock\nExchange under the symbol GLH.UN.\n\nForward-Looking Statements\n\nThis new release may contain forward-looking statements concerning the\nGreat Lakes Hydro Income Fund (\"Fund\") business and operations. Forward\nlooking statements involve known and unknown risks, uncertainties and other\nfactors which may cause the actual results or performance to be materially\ndifferent from any future results or performance expressed or implied by the\nforward statements.\nExamples of such statements include, but are not limited to factors\nrelating to production and the business, financial position, operations and\nprospects for the Fund. They include (1) the Fund's level of generation; (2)\nthe Fund's cost of production; (3) interest rates as they bear on the Fund's\nindebtedness; (4) planned capital expenditures; (5) the impact of changes in\nthe Canadian dollar - U.S. dollar on the Fund's costs and results of\noperations; the negotiation of collective agreements with its unionized\nemployees; (6) business and economic conditions; (7) the legislation governing\nair emissi...