Capital Power declares dividends for its Common and Preference shares

EDMONTON, Alberta, April 29, 2021 (GLOBE NEWSWIRE) -- The Board of Directors for Capital Power Corporation (TSX: CPX) (Capital Power) declared a dividend of $0.5125 per share on the outstanding common shares for the quarter ending June 30, 2021. The dividend is payable on July 30, 2021 to shareholders of record at the close of business on June 30, 2021.

The Board of Directors also declared the following dividends on its Cumulative Rate Reset Preference Shares:

Shares	TSX Stock Symbol	Dividend Per Share		Record Date	Payment Date
Series 1	CPX.PR.A	$	0.1638125	June 17, 2021	June 30, 2021
Series 3	CPX.PR.C	$	0.3408125	June 17, 2021	June 30, 2021
Series 5	CPX.PR.E	$	0.327375	June 17, 2021	June 30, 2021
Series 7	CPX.PR.G	$	0.375	June 17, 2021	June 30, 2021
Series 9	CPX.PR.I	$	0.359375	June 17, 2021	June 30, 2021
Series 11	CPX.PR.K	$	0.359375	June 17, 2021	June 30, 2021

The dividends for the common shares and preference shares are 100 per cent eligible dividends as defined by the Income Tax Act. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable on these dividends.

About Capital Power

Capital Power is a growth-oriented North American wholesale power producer with a strategic focus on sustainable energy headquartered in Edmonton, Alberta. We build, own and operate high-quality, utility-scale generation facilities that include renewables and thermal. We have also made significant investments in carbon capture and utilization to reduce carbon impacts and are committed to be off coal in 2023. Capital Power owns over 6,400 megawatts (MW) of power generation capacity at 26 facilities across North America. Projects in advanced development include 425 MW of owned renewable generation capacity in North Carolina and Alberta and 560 MW of incremental natural gas combined cycle capacity, from the repowering of Genesee 1 and 2 in Alberta.

For more information, please contact:

Media Relations:         Katherine Perron [phone]         [e-mail]

Investor Relations: Randy Mah [phone] or [phone] (toll-free) [e-mail]