April 24, 2015

Capital Power declares dividends for its Common and Cumulative Rate Reset Preference shares

New casino sites – The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power or the Company) declared a dividend of $0.34 per share on the outstanding common shares for the quarter ending June 30, 2015. The dividend is payable on July 31, 2015 to shareholders of record at the close of business on June 30, 2015.

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

Shares​ ​TSX Stock Symbol ​Dividend Per Share Record Date​ ​Payment Date
Series 1​ CPX.PR.A​ $0.2875 ​ June 17, 2015​ June 30, 2015
Series 3​ CPX.PR.C​ $0.2875 ​ June 17, 2015​ June 30, 2015​
Series 5​ CPX.PR.E​ $0.28125 June 17, 2015 June 30, 2015

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

New casino sitesCapital 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 3,100 megawatts of power generation capacity at 16 facilities across North America and owns 371 megawatts of capacity through a power purchase agreement. An additional 620 megawatts of owned generation capacity is under construction or in advanced development in Alberta and Ontario.