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 August 12, 2020, Northland Power announced a change to the discount rate applicable to its Dividend Re-Investment Plan
(“DRIP”) from 0% to 3%, effective immediately. Northland intends to issue shares from treasury for purposes of the DRIP participants, but reserves the right to source shares through market purchases. This change is effective with the dividend scheduled to be paid on September 15,
2020, to shareholders of record on August 31, 2020.
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 2020 Revised DRIP Plan.