Northland Power Income Fund

Northland Power Income Fund

December 17, 2010 15:27 ET

Northland Power Income Fund Announces Distribution to Unitholders for the Month of December

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2010) - Northland Power Income Fund (the "Fund") (TSX:NPI.UN)(TSX:NPI.DB)(TSX:NPI.DB.A)(TSX:NPP.PR.A) is pleased to announce a distribution to Unitholders in the amount of $0.09 per unit as follows:

Month Record Date Distribution Date Amount
December December 31 January 14, 2011 $0.09

The distribution for December at $0.09 per unit brings total distributions for 2010 to $1.08 per unit.


Northland is a Canadian income trust that has ownership or economic interests in 9 power projects totaling over 1,050 MW (net 818 MW). Northland'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 weighted average duration of 14 years. Northland's plants are located in Canada, the United States and Germany. In addition, Northland has the 86 MW Spy Hill project, 260 MW North Battleford project and 100 MW Mont Louis wind farm in construction, and 216 MW of wind, solar and run-of-river hydro projects awarded under the Ontario Power Authority's feed-in-tariff program in advanced stages of development. Northland also has a diverse development portfolio of high-quality 'Clean and Green' energy projects, including wind, solar, natural gas, and hydro assets that supports its strategy of sustainable growth primarily through internally developed opportunities.

The Fund's trust units, two series of convertible debentures, and Northland Power Preferred Equity Inc.'s preferred shares, which trade on the Toronto Stock Exchange under the symbols NPI.UN, NPI.DB, NPI.DB.A, and NPP.PR.A respectively, 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.

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