Business
Capital Power announces initial quarterly dividend on its cumulative rate reset preference shares (series 3)
EDMONTON, March 1, 2013 /CNW/ - The Board of Directors for Capital Power Corporation (TSX: ...
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n\n\n\nEDMONTON, March 1, 2013 /CNW/ - The Board of Directors for Capital Power\n Corporation (TSX: CPX) (Capital Power) announced today the declaration\n for the initial quarterly dividend of $0.3151 per share on its\n Cumulative Rate Reset Preference Shares (Series 3) (TSX: CPX.PR.C).\n\n\nThe dividend is to be paid on March 28, 2013 to shareholders of record\n at the close of business on March 15, 2013. This initial quarterly\n dividend represents the time period from when the initial share\n offering closed on December 18, 2012 to March 31, 2013.  Future\n quarterly dividends, if declared, will be $0.2875 per quarter or $1.15\n per annum for the initial five-year period ending December 31, 2018.\n\n\nThe dividends are 100 per cent eligible dividends as defined by the\n Income Tax Act. Under this legislation, individuals resident in Canada\n may be entitled to enhanced dividend tax credits that reduce the income\n tax otherwise payable on these dividends.\n\n\nAbout Capital Power\nCapital Power (TSX: CPX) is a growth-oriented North American power\n producer headquartered in Edmonton, Alberta. The company develops,\n acquires, operates and optimizes power generation from a variety of\n energy sources. Capital Power owns more than 3,600 megawatts of power\n generation capacity at 16 facilities across North America. An\n additional 595 megawatts of owned generation capacity is under\n construction or in advanced development in Alberta and Ontario.\n\nSOURCE: Capital Power Corporation\n\n\n Media inquiries: Michael Sheehan (780) 392-5222 Investor inquiries: Randy Mah (780) 392-5305 or (866) 896-4636 (toll-free) \n","length":1995,"tagName":"div"}]