Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce Quarterly Dividends Rate on the Cumulative Floating Rate Preferred Shares, Series 3 of Atlantic Power Preferred...
ATLANTIC POWER CORP (AT)
Last atlantic power corp earnings: 2/27 05:13 pm
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Source: PR Newswire
DEDHAM, Mass., Sept. 3, 2019 /PRNewswire/ -- Atlantic Power Corporation ("Atlantic Power") and Atlantic Power Preferred Equity Ltd. (TSX: AZP.PR.A, AZP.PR.B and AZP.PR.C) (the "Corporation"), a subsidiary of Atlantic Power, announced the dividend rate on the Corporation's outstanding Cumulative Floating Rate Preferred Shares, Series 3 (AZP.PR.C) (the "Series 3 Shares") will be 5.84%, which will be payable December 31, 2019.The Series 3 Shares dividend rate was calculated on August 30, 2019 to be 5.84%, representing the sum of the Canadian Government 90-day Treasury Bill yield (using the three-month average result of 1.65%) plus 4.18%.Tax Information for ShareholdersThe Corporation designates the dividend on each of the Series 1 Shares, Series 2 Shares and Series 3 Shares to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any of the provinces and territories of Canada. U.S. individual or other non-corporate taxpayers should
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