Northland Power Income Fund

Northland Power Income Fund

October 20, 2009 12:03 ET

Northland Power Income Fund Announces Monthly Distributions to Unitholders for October and November 2009

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2009) - 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 for October and November as follows:

 MonthRecord DateDistribution DateAmount
 OctoberOctober 31November 16$0.09
 NovemberNovember 30December 15$0.09

About Northland Power Income Fund

Northland Power Income Fund is a Canadian income trust that indirectly has ownership or economic interests in 10 power projects in operation and construction 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 merger with Northland Power Inc. ("NPI") on July 16, 2009 internalized management and provided the Fund with the ability to grow organically by generating its own development opportunities, as well as bringing in NPI's pipeline of high-quality development prospects.

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 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.

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
    (416) 962-6266 (FAX)