Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce Revised Dividend Rate on Cumulative Rate Reset Preferred Shares, Series 2
DEDHAM, Mass. , Dec. 5, 2019 |PRNewswire| -- Previously, on December 2, 2019 , Atlantic Power Corporation (" Atlantic Power " or the " Company ") and Atlantic Power Preferred Equity Ltd. (" Preferred Equity ") announced the dividend rate reset for Preferred Equity's outstanding Cumulative Rate Reset Preferred Shares, Series 2 (the " Series 2 Shares ") and the dividend rate on Preferred Equity's outstanding Cumulative Floating Rate Preferred Shares, Series 3 (the " Series 3 Shares "), effective on December 31, 2019 . The rate reset for the Series 2 Shares, announced on December 2, 2019 , using a fixed dividend rate (the " Fixed Dividend Rate "), was calculated on November 29, 2019 to be 5.67%, representing the sum of the Canadian Government five-year bond yield of 1.49% plus 4.18%. This Fixed Dividend Rate announced on December 2, 2019 has been revised based on a calculation as of December 2, 2019 to be 5.739%, representing the sum of the Canadian Government five-year bond yield of 1.559% plus 4.18%.
Atlantic Power Corporation and Atlantic Power Preferred Equity Ltd. Announce Revised Dividend Rate on Cumulative Rate Reset Preferred Shares, Series 2
DEDHAM, Mass. , Dec. 5, 2019 |PRNewswire| -- Previously, on December 2, 2019 , Atlantic Power Corporation (" Atlantic Power " or the " Company ") and Atlantic Power Preferred Equity Ltd. (" Preferred Equity ") announced the dividend rate reset for Preferred Equity's outstanding Cumulative Rate Reset Preferred Shares, Series 2 (the " Series 2 Shares ") and the dividend rate on Preferred Equity's outstanding Cumulative Floating Rate Preferred Shares, Series 3 (the " Series 3 Shares "), effective on December 31, 2019 . The rate reset for the Series 2 Shares, announced on December 2, 2019 , using a fixed dividend rate (the " Fixed Dividend Rate "), was calculated on November 29, 2019 to be 5.67%, representing the sum of the Canadian Government five-year bond yield of 1.49% plus 4.18%. This Fixed Dividend Rate announced on December 2, 2019 has been revised based on a calculation as of December 2, 2019 to be 5.739%, representing the sum of the Canadian Government five-year bond yield of 1.559% plus 4.18%.