Northland Power Income Fund announces regular and special distribution to unitholders for the month of December

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[{"type":"text","content":"\n\n\n\nTORONTO, Dec. 4 /CNW/ - Northland Power Income Fund (the "Fund") (TSX:\nNPI.UN and NPI.DB) is pleased to announce a distribution to unitholders in the\namount of $0.13 per unit for the month of December as follows:\n\n\n Month Record Date Distribution Date Amount\n\n December December 31 January 15, 2009 $0.09\nSpecial Distribution December 31 January 15, 2009 $0.04\n\n\nThe $0.13 per unit represents the December regular distribution of $0.09\nper unit and a one-time special distribution of $0.04 per unit bringing total\ndistributions for 2008 to $1.12 per unit. The purpose of the special\ndistribution of $0.04 per unit is to ensure that cash distributions for the\nyear at least equal the taxable income that we expect to allocate to\nUnitholders in 2008.\n\n\nDistributions in 2009 are expected to total $1.08 per unit.\n\n\nAbout Northland Power Income Fund\n\n\nNorthland Power Income Fund is a Canadian income trust that indirectly\nowns equity interests in six power projects, which efficiently and cleanly\nproduce electricity and steam for sale under long-term contracts. The Fund's\ncombined-cycle cogeneration power plants and wind farms are located in Canada,\nthe United States and Germany. The Fund is also providing $30 million as\nsubordinated debt to Northland Power Inc.'s 265 MW Thorold Cogeneration\nProject that is under construction near the Town of Thorold, Ontario and $35\nmillion to the Jardin d'Eole wind project under construction near Matane,\nQuebec.\n\n\nThe Fund's trust units and convertible debentures, which trade on the\nToronto Stock Exchange under the symbols NPI.UN and NPI.DB respectively, are\nqualified investments for RRSPs and DPSPs under the Canadian Income Tax Act.\nThe Fund has in place a distribution re-investment plan that allows\nunitholders who are residents of Canada to automatically have their monthly\ncash distributions reinvested in additional units. Participants do not pay any\ncosts associated with the plan, including brokerage commissions. For further\ninformation or to join the plan, contact your financial advisor or broker.\n\n\n FORWARD LOOKING STATEMENTS\n\n\nCertain statements in this News Release, other than statements of\nhistorical fact, are forward-looking statements based on certain assumptions\nand reflect the Fund's and its subsidiaries' current expectations.\nFo...

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