Dividend and Distribution Dates

Common Shares

Northland Power's Board of Directors sets the dividend amount and schedule. Northland Power annual common share dividend is currently $1.20, paid at the rate of $0.10 per month on the schedule below.

2021 Dividend Monthly

Month Record Date Payment Date Notice $/Share Jan 2021-01-29 2021-02-16 $0.10 Feb 2021-02-26 2021-03-15 $0.10 Mar 2021-03-31 2021-04-15 $0.10 Apr 2021-04-30 2021-05-17     May 2021-05-31 2021-06-15     Jun 2021-06-30 2021-07-15     Jul 2021-07-30 2021-08-16     Aug 2021-08-31 2021-09-15     Sep 2021-09-30 2021-10-15     Oct 2021-10-29 2021-11-15     Nov 2021-11-30 2021-12-15     Dec 2021-12-31 2022-01-17     All Year       $0.30

2020 Dividend Monthly

Month Record Date Payment Date Notice $/Share Jan 2020-01-31 2020-02-18 $0.10 Feb 2020-02-28 2020-03-16 $0.10 Mar 2020-03-31 2020-04-15 $0.10 Apr 2020-04-30 2020-05-15 $0.10 May 2020-05-29 2020-06-15 $0.10 Jun 2020-06-30 2020-07-15 $0.10 Jul 2020-07-31 2020-08-17 $0.10 Aug 2020-08-31 2020-09-15 $0.10 Sep 2020-09-30 2020-10-15 $0.10 Oct 2020-10-30 2020-11-16 $0.10 Nov 2020-11-30 2020-12-15 $0.10 Dec 2020-12-31 2021-01-15 $0.10 All Year       $1.20

2019 Dividend Monthly

Month Record Date Payment Date Notice $/Share Jan 2019-01-31 2019-02-15 $0.10 Feb 2019-02-28 2019-03-15 $0.10 Mar 2019-03-29 2019-04-15 $0.10 Apr 2019-04-30 2019-05-15 $0.10 May &2019-05-31 2019-06-17 $0.10 Jun 2019-06-28 2019-07-15 $0.10 Jul 2019-07-31 2019-08-15 $0.10 Aug 2019-08-30 2019-09-16 $0.10 Sep 2019-09-30 2019-10-15 $0.10 Oct 2019-10-31 2019-11-15 $0.10 Nov 2019-11-29 2019-12-16 $0.10 Dec 2019-12-31 2020-01-15 $0.10 All Year       $1.20

2018 Dividend Monthly

Month Record Date Payment Date Notice $/Share Jan 2018-01-31 2018-02-15 $0.10 Feb 2018-02-28 2018-03-15   $0.10 Mar 2018-03-30 2018-04-16 $0.10 Apr 2018-04-30 2018-05-15 $0.10 May 2018-05-31 2018-06-15 $0.10 Jun 2018-06-29 2018-07-16 $0.10 Jul 2018-07-31 2018-08-15 $0.10 Aug 2018-08-31 2018-09-17 $0.10 Sep 2018-09-28 2018-10-16 $0.10 Oct 2018-10-31 2018-11-15 $0.10 Nov 2018-11-30 2018-12-14 $0.10 Dec 2018-12-31 2019-01-15 $0.10 All Year       $1.20

  Preferred Shares

• The Series 1 dividend rate will reset on September 30, 2025 and every five years thereafter at a rate equal to the then five-year Government of Canada Bond yield plus 2.80%.

• The holders of Series 2 Preferred Shares are entitled to receive floating dividend of 2.80% over the annual yield on 90-day Government of Canada treasury bills, payable quarterly.

• The Series 3 dividend rate will reset on December 31, 2022 and every five years thereafter at a rate equal to the then five-year Government of Canada Bond yield plus 3.46%.

2021 Dividend Quarterly

Quarter Record Date Dividend Payment Date NPI.PR.A $/Share NPI.PR.B $/Share NPI.PR.C $/Share Notice - PDF Q1 Mar 22 Mar 31 $0.2001 $0.1794 $0.3175 Q2 Jun 21 Jun 30         Q3 Sep 20 Sep 30         Q4 Dec 20 Dec 31

2020 Dividend Quarterly

Quarter Record Date Dividend Payment Date NPI.PR.A $/Share NPI.PR.B $/Share NPI.PR.C $/Share Notice - PDF Q1 Mar 20 Mar 31& $0.2196 $0.2774 $0.3175 Q2 June 22 June 30 $0.2196 $0.2767 $0.3175 Q3 Sept 21 Sept 30 $0.2196 $0.1928 $0.3175 Q4 Dec 21 Dec 31 $0.2001 $0.1859 $0.3175

2019 Dividend Quarterly

Quarter Record Date Dividend Payment Date NPI.PR.A $/Share NPI.PR.B $/Share NPI.PR.C $/Share Notice - PDF Q1 Mar 20 Mar 29 $0.2196 $0.2780 $0.3175 Q2 Jun 20 Jun 28 $0.2196 $0.2792 $0.3175 Q3 Sep 20 Sep 30 $0.2196 $0.2829 $0.3175 Q4 Dec 20 Dec 31 $0.2196 $0.2798 $0.3175

2018 Dividend Quarterly

Quarter Record Date Dividend Payment Date NPI.PR.A $/Share NPI.PR.B $/Share NPI.PR.C $/Share Notice - PDF Q1 Mar 20 Mar 30 $0.2196 $0.2262 $0.3175 Q2 Jun 20 Jun 30 $0.2196 $0.2474 $0.3175 Q3 Sep 20 Sep 30 $0.2196 $0.2584 $0.3175 Q4 Dec 20 Dec 31 $0.2196 $0.2584 $0.3175