EDMONTON, Alberta, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Capital Power Corporation (“Capital Power”) (TSX: CPX) announced today that following the December 16, 2025 deadline for submitting notices to convert Cumulative Rate Reset Preference Shares, Series 1 (the “Series 1 Shares”) into Cumulative Floating Rate Preference Shares, Series 2 (the “Series 2 Shares”), the number of Series 1 Shares tendered for conversion was less than one million. As a result, holders of Series 1 Shares are not entitled to convert their shares into Series 2 Shares, and no Series 2 Shares will be issued at this time. There were no Series 1 Shares tendered for conversion.

There are 5,000,000 Series 1 Shares listed on the Toronto Stock Exchange (“TSX”) under the symbol CPX.PR.A. Effective December 31, 2025, the annual fixed dividend rate for the next five-year period has been reset to 4.95800%.

For more information on the terms of, rates and risks associated with an investment in the Series 1 Shares, please see Capital Power’s Short Form Prospectus dated December 8, 2010 which is available electronically on the System for Electronic Data Analysis and Retrieval + (“SEDAR+”) at www.sedarplus.ca or on Capital Power's website at capitalpower.com.

Territorial Acknowledgement

In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Homeland. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community.

About Capital Power

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing Power™.

For more information, please contact:

Investor and Media Relations:
Media Relations
Katherine Perron
(780) 392-5335
kperron@capitalpower.com

Investor Relations
Noreen Farrell
(403) 461-5236
investor@capitalpower.com