Northland Power Income Fund

Northland Power Income Fund

January 20, 2010 16:09 ET

Northland Power Income Fund Announces Monthly Distributions to Unitholders for the First Quarter of 2010

Announcement of Q1/2010 Monthly Distributions

TORONTO, ONTARIO--(Marketwire - Jan. 20, 2010) - Northland Power Income Fund (the "Fund")(TSX:NPI.UN)(TSX:NPI.DB)(TSX:NPI.DB.A) is pleased to announce distributions to unitholders in the amount of $0.09 per unit per month for the 1st quarter of 2010 as follows:

Month Record Date Distribution Date Amount
January January 31 February 15 $0.09
February February 28 March 15 $0.09
March March 31 April 15 $0.09


Northland Power Income Fund is a Canadian income trust that has ownership or economic interests in 10 power projects totaling over 1,100 megawatts ("MWs") (net 872 MWs). The Fund's assets comprise natural-gas-fired plants which efficiently and cleanly produce electricity and steam as well as facilities generating renewable energy from wind and biomass. Sales are made almost entirely under long-term contracts with a current average duration of 14 years. The Fund's plants are located in Canada, the United States and Germany. The Fund also has a diverse development portfolio of high-quality 'Clean and Green' energy projects, including wind, solar, natural gas, and hydro assets that supports the Fund's strategy of sustainable growth primarily through internally developed opportunities.

The Fund's trust units and convertible debentures, which trade on the Toronto Stock Exchange under the symbols NPI.UN, NPI.DB and NPI.DB.A, are qualified investments for RRSPs and DPSPs under the Canadian Income Tax Act. The Fund has in place a distribution re-investment plan that allows Unitholders who are residents of Canada to automatically have their monthly cash distributions reinvested in additional units. Participants do not pay any costs associated with the plan, including brokerage commissions. For further information or to join the plan, contact your financial advisor or broker.

Contact Information

  • Northland Power Income Fund
    Barb Bokla
    Manager, Investor Relations
    (416) 962-6262 x156
    Northland Power Income Fund
    Boris Balan
    Director of Communications
    (416) 962-6262 x116