Business
Great Lakes Hydro Income Fund Declares Cash Distribution for May 2006
Great Lakes Hydro Income Fund Declares Cash Distribution for May 2006.
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"\n\n\n\n\nSTOCK SYMBOL: GLH.UN/TSX\n\nGATINEAU, May 19 /CNW Telbec/ - (GLH.UN) - Great Lakes Hydro Income Fund\ntoday declared a cash distribution of 10.33 cents per unit for the month of\nMay 2006, payable by June 30, 2006 to unitholders of record on May 31, 2006.\nThe ex-distribution date is May 29, 2006.\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 995 megawatts of power\ngenerating capacity and an average annual production of 3,788 gigawatt hours.\nGreat Lakes Hydro Income Fund produces electricity exclusively from\nenvironmentally friendly hydroelectric resources. The Fund owns, operates and\nmanages 25 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 emissions, discharges into water, waste, hazardous materials and workers'\nhealth and safety as well as the impact of future legisla...