The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

Boralex Power Income Fund Declares Cash Distribution

Friday, August 20, 2010

Boralex Power Income Fund Declares Cash Distribution10:17 EDT Friday, August 20, 2010MONTREAL, Aug. 20 /CNW Telbec/ - Boralex Power Income Fund (the "Fund") has today declared a cash distribution in the amount of $0.01720 for the period from August 16, 2010 to August 31, 2010. The amount of this distribution was determined based on the number of days during this period and the amount of $0.03333 per trust unit normally distributed by the Fund on a monthly basis.The distribution will be paid on September 21, 2010, to unitholders of record at the close of business on August 31, 2010, being the new expiry date of the offer made by Boralex Inc. to acquire all the issued and outstanding trust units of the Fund, as extended, and will be paid regardless of whether unitholders have tendered or will tender their trust units pursuant to such offer.About Boralex Power Income FundBoralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Québec and the United States producing energy from different sources including wood-residue or natural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 MW. The Fund's units are listed for trading on The Toronto Stock Exchange under the symbol BPT.UN.For further information: Ms. Patricia Lemaire, Director, Publics Affairs and Communications, Boralex Power Inc., 514-985-1353, patricia.lemaire@boralex.com