Northland Power Income Fund
TSX : NPI.UN

Northland Power Income Fund

June 25, 2009 14:01 ET

Northland Power Income Fund to Adjourn Vote on Proposed Merger With Northland Power Inc.

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Northland Power Income Fund (the "Fund") (TSX:NPI.UN) announced today that it will adjourn a portion of today's scheduled Annual and Special Meeting of Unitholders until 10:00 a.m. (Toronto time), Tuesday July 7, 2009 at the offices of Borden Ladner Gervais LLP, 44th Floor, Scotia Plaza, 40 King Street West, Toronto, Ontario.

At today's meeting, the regular annual meeting business will be conducted. The resolutions related to the proposed merger between the Fund and Northland Power Inc. (NPI) will not be considered today but will be deferred to the adjourned meeting.

Discussions are continuing with certain institutional investors with respect to the terms of the proposed merger.

Unitholders can obtain more information about the merger, the Fund and NPI by reviewing the Management Information Circular or visiting www.npifund.com. For information about voting, unitholders are invited to contact the Fund's proxy solicitation agent, Georgeson, at the number provided below.

About the Fund

Northland Power Income Fund is a Canadian income trust that indirectly owns equity interests in six power projects, which efficiently and cleanly produce electricity and steam for sale under long-term contracts. The Fund's natural-gas-fired power plants and wind farms are located in Canada, the United States and Germany.

The Fund's Units and convertible debentures trade on the Toronto Stock Exchange under the symbols NPI.UN and NPI.DB respectively.

About NPI

Northland Power Inc. is a privately owned, Canadian developer, operator and owner of power plants. NPI has 459 megawatts of generating projects in operation or under construction and more than 3,600 megawatts in development.

Forward-Looking Statements

This News Release contains certain forward looking statements with respect to the Fund, NPI and entities and assets that they respectively own or have an interest in, directly or indirectly, based on assumptions that management considered reasonable at the time they were prepared. These forward looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward looking statements. Some of the factors that could cause results or events to differ from current expectations include, but are not limited to, the factors described in the "Management's Discussion and Analysis" of the Fund's 2008 Annual Report and under "Risk Factors" of the Management Information Circular dated May 1, 2009.

Contact Information

  • Northland Power Income Fund
    A.F. (Tony) Anderson
    Chief Financial Officer
    (416) 962-6262 x 120
    or
    Northland Power Income Fund
    Boris Balan
    Director, Communications & Business Development
    (416) 962-6262 x 116
    or
    Georgeson
    1-888-605-8376
    (North American Toll-Free)