TSX: NPI.CA

DRIP

The Dividend Reinvestment Plan (DRIP) provides eligible beneficial holders of Common Shares an attractive opportunity to reinvest their eligible cash dividends for additional Northland Common Shares. Participants do not pay any costs associated with this plan, including brokerage commissions.

On November 6, 2018, Northland Power reduced the discount under its Dividend Re-Investment Plan (“DRIP”) from 5% to 0%, effective immediately.  Northland intends to initiate the sourcing of shares for purposes of the DRIP participants through market purchases, but reserves the right to issue shares from treasury. The change was effective with the dividend paid on December 14, 2018, to shareholders of record on November 30, 2018.

Northland updated its DRIP due to improved liquidity and strength of the balance sheet required to meet equity requirements for funding its future growth. Current shareholders participating in the Plan should consult their tax advisers about tax consequences that may result from their participation in the Plan.

For further information or to join the DRIP, Shareholders should contact their financial adviser or broker.

Please click here for Northland Power’s 2015 Revised DRIP Plan.

For further information or to join the DRIP, Shareholders should contact their financial adviser or broker

2019 DRIP
 
  Record Date Payment Date Average Market Price Re Investment Price
Jan 2019-01-31 2019-02-15 $24.300000 $24.300000
Feb 2019-02-28 2019-03-15 $25.790806 $25.790806
Mar 2019-03-29 2019-04-15 $23.929380 $23.929380
Apr 2019-04-30 2019-05-15 $25.191388 $25.191388
May 2019-05-31 2019-06-17 $25.167393 $25.167393
Jun 2019-06-28 2019-07-15 $25.256546 $25.256546
Jul 2019-07-31 2019-08-15 $25.400000 $25.400000
Aug 2019-08-30 2019-09-16 $24.356587 $24.356587
Sep 2019-09-30 2019-10-15 $25.811380 $25.811380
Oct 2019-10-31 2019-11-15
Nov 2019-11-29 2019-12-16
Dec 2019-12-31 2020-01-15
Distribution Month Average Market Price Re Investment Share Price
Jan 2018* $21.610654 $20.530121
Feb 2018* $22.269062 $21.155609
Mar 2017* $22.822222 $21.681111
Apr 2018* $23.907418 $22.712047
May 2018* $24.239953 $23.027955
Jun 2018* $24.873940 $23.630243
Jul 2018* $22.797813 $21.657922
Aug 2018* $22.620650 $21.489617
Sep 2018* $20.483631 $19.459449
Oct 2018* $21.284224 $20.220012
Nov 2018** $22.359247 $22.359247
Dec 2018** $22.731269 $22.731269
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan

**In November 2018, Northland reduced the discount at which shares are issued under the DRIP from 5% to 0%.
Distribution Month Average Market Price Re Investment Share Price*
Jan 2017  $24.426336 $23.205019
Feb 2017 $24.435672 $23.213888
Mar 2017 $24.777783 $23.538894
Apr 2017 $23.474108 $22.300403
May 2017 $22.941735 $21.794648
Jun 2017 $22.898339 $21.753422
Jul 2017 $23.216150 $22.055343
Aug 2017 $22.670879 $22.487335
Sep 2017 $23.293470 $22.128796
Oct 2017 $23.932024 $22.735423
Nov 2017 $23.623564 $22.442386
Dec 2017 $23.079815 $21.925825
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Jan 2016 $18.508189 $17.582780
Feb 2016 $20.389197 $19.369737
Mar 2016 $21.296214 $20.231403
Apr 2016 $22.233168 $21.121510
May 2016 $22.651653 $21.519071
Jun 2016 $23.519927 $22.343930
Jul 2016 $24.888995 $23.644546
Aug 2016 $23.445200 $22.272940
Sep 2016 $23.330742 $22.164205
Oct 2016 $22.112933 $21.007286
Nov 2016 $22.846883 $21.704539
Dec 2016 $23.689341 $22.504874
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Jan 2015 $16.957382 $16.109513
Feb 2015 $16.591761 $15.762172
Mar 2015 $17.481189 $16.607129
Apr 2015 $16.849005 $16.006555
May 2015 $15.853999 $15.061299
Jun 2015 $15.865517 $15.072242
Jul 2015 $15.372746 $14.604109
Aug 2015 $15.916590 $15.120761
Sep 2015 $17.633413 $16.751742
Oct 2015 $17.788968 $16.899520
Nov 2015 $17.384145 $16.514937
Dec 2015 $18.148497 $17.241072
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2014 $15.886853 $15.092510
Nov 2014 $14.918122 $14.172216
Oct 2014 $16.495354 $15.670586
Sep 2014 $16.344378 $15.527159
Aug 2014 $17.4602 $16.5872
Jul 2014 $17.652982 $16.770333
Jun 2014 $17.882405 $16.988285
May 2014 $17.826672 $16.935339
Apr 2014 $17.410605 $16.540075
Mar 2014 $17.415376 $16.544607
Feb 2014 $16.562600 $15.734500
Jan 2014 $15.914100 $15.118400
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2013 $16.016414 $15.215593
Nov 2013 $15.281246 $14.517184
Oct 2013 $15.933591 $15.136912
Sep 2013 $15.920074 $15.124070
Aug 2013 $14.541554 $13.814476
Jul 2013 $15.716834 $14.930993
Jun 2013 $16.780827 $15.941786
May 2013 $17.754935 $16.867188
Apr 2013 $19.297397 $18.332527
Mar 2013 $18.917003 $17.971153
Feb 2013 $18.648604 $17.716174
Jan 2013 $19.147566 $18.190188
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2012 $18.786674 $17.847340
Nov 2012 $18.828219 $17.886808
Oct 2012 $18.700118 $17.765112
Sep 2012 $18.870835 $17.927294
Aug 2012 $18.748672 $17.811239
Jul 2012 $18.862705 $17.919570
Jun 2012 $18.117454 $17.211581
May 2012 $17.487543 $16.613166
Apr 2012 $17.599364 $16.719396
Mar 2012 $17.094680 $16.239946
Feb 2012 $17.641849 $16.759756
Jan 2012 $17.063016 $16.209865
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2011 $17.262703 $16.399568
Nov 2011 $17.010123 $16.159617
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Dividends
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