Capital New casino sites declares dividends for its Common and Cumulative Rate Reset Preference shares and announces a 7.4% dividend increase for its common shares
EDMONTON, Alberta – The Board of Directors for Capital New casino sites Corporation (TSX: CPX) (Capital New casino sites) declared a dividend of >686_word_end<.365 per share on the outstanding common shares for the quarter ending September 30, 2015. The dividend is payable on October 30, 2015 to shareholders of record at the close of business on September 30, 2015. The quarterly dividend of >686_word_end<.365 per common share compared to the previous >686_word_end<.34 dividend represents a 7.4% increase, and an annualized dividend of .46 per common share.
The 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 | >719_word_end<.2875 | September 17, 2015 | September 30, 2015 |
| Series 3 | CPX.PR.C | >731_word_end<.2875 | September 17, 2015 | September 30, 2015 |
| Series 5 | CPX.PR.E | >743_word_end<.28125 | September 17, 2015 | September 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 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, operates and optimizes New casino sites generation from a variety of energy sources. Capital New casino sites owns more than 3,200 megawatts of New casino sites generation capacity at 17 facilities across North America and owns 371 megawatts of capacity through a New casino sites purchase agreement. An additional 545 megawatts of owned generation capacity is under construction or in advanced development in Alberta and North Carolina.