Atlantic Power Corporation Announces June 2014 Common Share Dividend - 21 News Now, More Local News for Youngstown, Ohio -

Atlantic Power Corporation Announces June 2014 Common Share Dividend

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Atlantic Power Corporation

BOSTON, June 13, 2014 /PRNewswire/ -- Atlantic Power Corporation (TSX: ATP) (NYSE: AT) (the "Company" or "Atlantic Power") today announced its distribution for the month of June 2014.  A dividend of Cdn$0.03333 per common share will be payable on July 31, 2014 to holders of record at the close of business on June 30, 2014.

Tax Information for Shareholders

Atlantic Power Corporation designates its entire dividend to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada. 

U.S. individual or other non-corporate taxpayers may be eligible for the reduced rate of tax currently applicable to "qualified dividends" provided that the investor meets the holding period and any other requirements. 

The Company's common share dividend is subject to a 25% withholding tax rate for holders that are not residents of Canada, which may be reduced pursuant to an applicable tax treaty.  The withholding tax rate is 15% for U.S.-resident holders that qualify for the benefits of the Canada – U.S. Income Tax Convention.

Non-Canadian holders may be required by their brokers to complete a Form NR301 (or an equivalent form) in order to demonstrate their entitlement to a treaty-reduced rate of withholding tax.  U.S. and other non-Canadian holders should consult their brokers about the requirement to provide such forms.

U.S. individuals holding shares in taxable accounts may be eligible to receive a credit on their U.S. income tax return for this withholding tax.  U.S. individuals holding the Company's common shares in Individual Retirement Accounts ("IRAs") may be exempt from withholding tax pursuant to the Canada – U.S. Income Tax Convention. 

Taxpayers should always seek their own independent qualified professionals regarding the tax consequences of purchasing or owning common shares of the Company.  Individuals who believe the withholding tax exemption applies to their IRA should contact their broker to determine how to claim the exemption.

About Atlantic Power

Atlantic Power owns and operates a diverse fleet of power generation assets in the United States and Canada.  Atlantic Power's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices.  Its power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,945 MW in which its aggregate ownership interest is approximately 2,024 MW. Its current portfolio consists of interests in twenty-eight operational power generation projects across eleven states in the United States and two provinces in Canada. 

Atlantic Power trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP.  For more information, please visit the Company's website at www.atlanticpower.com or contact:

Atlantic Power Corporation 
Amanda Wagemaker, Investor Relations
(617) 977-2700 
info@atlanticpower.com

Copies of financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.

©2012 PR Newswire. All Rights Reserved.

  • More From wfmj.comMore>>

  • Fired band director says he fixing vulgar culture

    Fired band director says he fixing vulgar culture

    Thursday, July 31 2014 9:34 PM EDT2014-08-01 01:34:18 GMT
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.More >>
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.
    More >>
  • Ohio theme park tries to top shaved-heads record

    Ohio theme park tries to top shaved-heads record

    Thursday, July 31 2014 9:27 PM EDT2014-08-01 01:27:36 GMT
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
  • Hundreds of pet rats rescued from Ohio apartment

    Hundreds of pet rats rescued from Ohio apartment

    Thursday, July 31 2014 9:23 PM EDT2014-08-01 01:23:19 GMT
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms