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