Capstone Infrastructure Corporation Reports Third Quarter 2019 Results and Declares a Quarterly Dividend

by ahnationtalk on November 13, 201910 Views

TORONTO, Nov. 12, 2019 — Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the “Corporation” or “Capstone”) today reports and filed its results for the third quarter ended September 30, 2019. The Corporation’s third quarter 2019 Management’s Discussion and Analysis (“MD&A”) and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com and on SEDAR at www.sedar.com. Capstone’s MD&A details the “Results of Operations” and provides a “Financial Position Review” for the quarter ended September 30, 2019.

Dividend Declarations

The board of directors today declared a quarterly dividend on the Corporation’s Cumulative Five-Year Rate Reset Preferred Shares, Series A (the “Preferred Shares”) of $0.2044 per Preferred Share to be paid on or about January 31, 2020 to shareholders of record at the close of business on January 15, 2020. The dividend on the Preferred Shares covers the period from October 31, 2019 to January 30, 2020.

The dividends paid by the Corporation on its Preferred Shares are designated “eligible” dividends for the purposes of the Income Tax Act (Canada). An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

About Capstone Infrastructure Corporation

Capstone’s mission is to provide investors with an attractive total return from responsibly managed long-term investments in power generation in North America. Capstone’s strategy is to develop, acquire and manage a portfolio of high quality power assets. Capstone owns and operates, approximately net 541 MW of installed capacity across 24 facilities in Canada, including wind, hydro, solar, biomass, and natural gas power plants. Please visit www.capstoneinfrastructure.com for more information.

For further information, please contact:

Andrew Kennedy
Chief Financial Officer
(416) 649-1300
akennedy@capstoneinfra.com

NT4

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