Capital Power declares dividends for its Common and Preference shares

EDMONTON, Alberta, April 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.5125 per share on the outstanding common shares for the quarter ending June 30, 2021. The dividend is payable on July 30, 2021 to shareholders of record at the close of business on June 30, 2021.

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

SharesTSX Stock SymbolDividend Per ShareRecord DatePayment Date
Series 1CPX.PR.A$0.1638125June 17, 2021June 30, 2021
Series 3CPX.PR.C$0.3408125June 17, 2021June 30, 2021
Series 5CPX.PR.E$0.327375June 17, 2021June 30, 2021
Series 7CPX.PR.G$0.375June 17, 2021June 30, 2021
Series 9CPX.PR.I$0.359375June 17, 2021June 30, 2021
Series 11CPX.PR.K$0.359375June 17, 2021June 30, 2021

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 is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy headquartered in Edmonton, Alberta. We build, own and operate high-quality, utility-scale generation facilities that include renewables and thermal. We have also made significant investments in carbon capture and utilization to reduce carbon impacts and are committed to be off coal in 2023. Capital Power owns over 6,400 megawatts (MW) of power generation capacity at 26 facilities across North America. Projects in advanced development include 425 MW of owned renewable generation capacity in North Carolina and Alberta and 560 MW of incremental natural gas combined cycle capacity, from the repowering of Genesee 1 and 2 in Alberta.

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)