Ms. Amanda Wagemaker reports

ATLANTIC POWER CORPORATION AND ATLANTIC POWER PREFERRED EQUITY LTD. ANNOUNCE QUARTERLY DIVIDEND RATE ON THE CUMULATIVE FLOATING RATE PREFERRED SHARES, SERIES 3 OF ATLANTIC POWER PREFERRED EQUITY LTD.

Atlantic Power Corp. and Atlantic Power Preferred Equity Ltd., a subsidiary of Atlantic Power, have set the dividend rate on the corporation's outstanding cumulative floating rate preferred shares, Series 3, at 4.68 per cent, which will be payable on Dec. 31, 2015.

The Series 3 shares dividend rate was calculated on Aug. 31, 2015, to be 4.68 per cent, representing the sum of the Canadian government 90-day treasury bill yield (using the three-month average result of 0.5 per cent) plus 4.18 per cent.

Tax information for shareholders

The corporation designates the dividend on each of the Series 1 shares, the Series 2 shares and the Series 3 shares to be an eligible dividend pursuant to Subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any of the provinces and territories of Canada.

United States individuals or other non-corporate taxpayers should be eligible for the reduced rate of tax currently applicable to qualified dividends provided that the investor meets the holding period and any other requirements.

Taxpayers should always seek their own independent qualified professionals regarding the tax consequences of purchasing or owning preferred shares of the corporation.