Capital Power declares quarterly dividend on its cumulative rate reset preference shares (series 1)

EDMONTON, April 27, 2012 /CNW/ - The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.2875 per share on its Cumulative Rate Reset Preference Shares (Series 1) (TSX: CPX.PR.A) for the quarter ending June 30, 2012.

The dividend is payable on June 29, 2012 to shareholders of record at the close of business on June 18, 2012.

The dividends 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 (TSX: CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes power generation from a variety of energy sources. Capital Power owns more than 3,300 megawatts of power generation capacity at 16 facilities across North America. An additional 487 megawatts of owned wind generation capacity is under construction or in advanced development in British Columbia, Alberta, and Ontario

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