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Capital Power declares dividends for its Common and Preference shares

EDMONTON, Alberta, Oct. 25, 2019 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (CPX.TO) (Capital Power) declared a dividend of $0.48 per share on the outstanding common shares for the quarter ending December 31, 2019. The dividend is payable on January 31, 2020 to shareholders of record at the close of business on December 31, 2019.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares TSX Stock
Dividend Per
Record Date Payment Date
Series 1 CPX.PR.A $0.19125 December 16, 2019 December 31, 2019
Series 3 CPX.PR.C $0.3408125 December 16, 2019 December 31, 2019
Series 5 CPX.PR.E $0.327375 December 16, 2019 December 31, 2019
Series 7 CPX.PR.G $0.375 December 16, 2019 December 31, 2019
Series 9 CPX.PR.I $0.359375 December 16, 2019 December 31, 2019
Series 11 CPX.PR.K $0.359375 December 16, 2019 December 31, 2019

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

About Capital Power

Capital Power (CPX.TO) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns nearly 6,000 megawatts (MW) of power generation capacity at 25 facilities across North America.  Approximately 900 MW of owned generation capacity is in advanced development in Alberta and Illinois.

For more information, please contact:

Media Relations
Katherine Perron
(780) 392-5335 
Investor Relations:
Randy Mah
(780) 392-5305 or (866) 896-4636 (toll-free)