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Northland Power Announces Completion of Early Redemption of 5.00% Extendible Convertible Unsecured Subordinated Debentures, Series B
Posted on Friday, December 21, 2018 06:00 PM
Northland had approximately $77.0 million aggregate principal amount of the Debentures outstanding when it issued a redemption notice on November 16, 2018. As permitted under the terms of the Debentures, certain holders...
Posted on Wednesday, December 12, 2018 11:19 PM
Northland Power believes that the market price of its common shares (“Common Shares”) may trade in a price range that does not fully reflect their inherent value, and that the acquisition of the common shares...
Northland Power Issues Notice of Redemption of 5.00% Extendible Convertible Unsecured Subordinated Debentures, Series B
Posted on Friday, November 16, 2018 06:06 PM
TORONTO, Nov. 16, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces that it has issued a notice (the “Notice”) of redemption to holders of its currently outstanding 5.00% extendible convertible unsecured subordinated debentures, Series B, due June 30, 2019 (the “Debentures”). As set out in the Notice, the redemption date of the Debentures will be December 21, 2018 (the “Redemption Date”). The Debentures are redeemable for an amount equal to the principal amount...
Posted on Tuesday, November 06, 2018 06:18 PM
TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announced today that the Company has reduced the discount under its Dividend Re-Investment Plan (“DRIP”) from the current 5% to 0%, effective immediately. Additionally, 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. This change is effective with the dividend currently scheduled...
Posted on Tuesday, November 06, 2018 06:16 PM
TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three and nine months ended September 30, 2018.
Third Quarter Highlights:
- Sales of $350.2 million increased 19% or $54.9 million and gross profit of $321.0 million increased 21% or $56.0 million compared to the same quarter last year primarily due to higher production at Nordsee One, which was partially complete last year...