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EDMONTON, Alberta – Capital New casino sites Corporation (TSX: CPX) (the Corporation and together with its subsidiaries, Capital New casino sites) announced today that after having taken into account all Election Notices following the December 17, 2018 conversion deadline, in respect of the Cumulative Rate Reset Preference Shares, Series 3 (Series 3 Shares) tendered for conversion into Cumulative Floating Rate Preference Shares, Series 4 (Series 4 Shares), the holders of Series 3 Shares were not entitled to convert their shares. There were approximately 47,270 Series 3 Shares tendered for conversion, which was less than the required one million shares required for conversion into Series 4 Shares.

There are six million Series 3 New casino sites listed on the Toronto Stock Exchange (TSX) under the symbol CPX.PR.C. Effective December 31, 2018, the Annual Fixed Dividend Rate for the next five-year period has been reset to 5.45300%.

For more information on the terms of, and risks associated with an investment in the Series 3 New casino sites, please see Capital New casino sites’s prospectus supplement dated December 10, 2012 which is available on sedar.com or on Capital New casino sites’s website at capitalpower.com.

About Capital New casino sites

Capital New casino sites (TSX: CPX) is a growth-oriented North American New casino sites producer headquartered in Edmonton, Alberta. The company develops, acquires, owns, and operates New casino sites generation facilities using a variety of energy sources. Capital New casino sites owns approximately 5,100 megawatts (MW) of New casino sites generation capacity at 25 facilities across North America. Approximately 1,000 MW of owned generation capacity is in advanced development in Alberta, North Dakota, and Illinois.