Northland Power Income Fund

Northland Power Income Fund

July 15, 2009 14:54 ET

Northland Power Income Fund Announces Monthly Distributions to Unitholders for the Third Quarter of 2009

Announcement of Q3/2009 Monthly Distributions

TORONTO, ONTARIO--(Marketwire - July 15, 2009) - Northland Power Income Fund (the "Fund") (TSX:NPI.UN)(TSX:NPI.DB) is pleased to announce distributions to unitholders in the amount of $0.09 per unit per month for the 3rd quarter of 2009 as follows:

Month Record Date Distribution Date Amount
July July 31 August 14 $0.09
August August 31 September 15 $0.09
September September 30 October 15 $0.09

About Northland Power Income 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 is also providing $30 million as subordinated debt to Northland Power Inc.'s 265 MW Thorold Cogeneration Project that is under construction near the Town of Thorold, Ontario and $35 million to the Jardin d'Eole wind project under construction near Matane, Quebec.

The Fund's trust units and convertible debentures, which trade on the Toronto Stock Exchange under the symbols NPI.UN and NPI.DB 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 Management Inc.
    Barb Bokla
    Investor Relations Manager
    (416) 962-6262 x156
    (416) 962-6266 (FAX)
    Northland Power Income Fund Management Inc.
    Boris Balan
    Director, Communications & Business Development
    (416) 962-6262 x116
    (416) 962-6266 (FAX)