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Northland Announces Reset Dividend Rate on Its Cumulative Rate Reset Preferred Shares, Series 1 & Series 2

Posted on Monday, August 31, 2020 05:13 PM

TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland" or the "Company") (TSX: NPI) today announced that pursuant to the share terms in respect of the Cumulative Rate Reset Preferred Shares, Series 1 (“Series 1 Shares”), it has determined the fixed dividend rate for the five years commencing September 30, 2020 and ending September 29, 2025. The fixed quarterly dividends on the Series 1 Shares during that period will be paid at an annual rate of 3.2% (Cdn. $0.2001 per share...

Northland Power Reports Second Quarter 2020 Results

Posted on Wednesday, August 12, 2020 07:42 PM

Continued Resilience and Stability Amid the Uncertainty Created by the COVID-19 Pandemic

TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for three and six months ended June 30, 2020. All dollar amounts are in Canadian dollars, unless otherwise stated.

“Our business has demonstrated resilience during the first half of the year amidst the challenges presented to the economy as a result of the COVID-19...

Northland Announces Its Second Quarter 2020 Financial Results Release Date and Provides Investor Call and Webcast Details

Posted on Monday, July 13, 2020 06:24 PM

TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2020 second quarter financial results after market close on Wednesday, August 12, 2020. Northland's management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, August 13, 2020, followed by a question and answer period.

Conference call details:

Date: Thursday, August 13, 2020
Start Time: 10:00 a.m. ET
Phone Number: 

Northland Power Announces Signing of $465 Million Non-Recourse Debt Financing for EBSA Utility In Colombia

Posted on Wednesday, June 24, 2020 05:08 PM

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. (“Northland” or “the Company”) (TSX: NPI) is pleased to announce the signing of an agreement for the permanent financing of its distribution utility Empresa de Energía de Boyacá (EBSA) in Colombia for an aggregate amount of approximately $465 million, inclusive of a Canadian dollar tranche and a Colombian peso tranche. The financing is expected to close in early July 2020.  

The non-recourse debt financing is currently structured...

Northland Power Announces Addition to Executive Team

Posted on Tuesday, June 23, 2020 04:25 PM

TORONTO, June 23, 2020 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) announces the appointment of Wendy Franks as Executive Vice President, Strategy and Investment Management, effective June 29, 2020. Ms. Franks will be based out of our Toronto office and will be responsible for leading the company’s strategy and investment management functions, including the development of key strategic programs intended to generate new areas of growth for the company. In addition, she will also...