Capstone Infrastructure Corp T.CSE.PR.A

Alternate Symbol(s): CPOIF

Utilities Utilities - Diversified

Capstone Infrastructure Corp is a Canada-based company, which is engaged in owning and operating infrastructure businesses. The Company operates as a power producer that is focused on providing clean, renewable energy to homes and businesses across North America. The Company develops, owns and operates thermal and renewable power generation facilities with a total installed capacity of 570 megawatts across 28 facilities in Canada. It operates wind, hydro, solar, biomass, and natural gas power plants. Its operated facilities include Amherstburg Solar Park, Cardinal Power, Dryden, Erie Shores Wind Farm Fitzpatrick Mountain, Ganaraska, Glace Bay, Glen Dhu, Goulais Wind Farm, Grey Highlands Clean Energy, Grey Highlands, Hluey Lakes, Sechelt, Springwood, Whittington, Napier and Sumac Ridge wind.

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Capstone Infrastructure Corp

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Comment by anon314on Jun 29, 2015 8:06pm

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Post# 23879219

RE:RE:RE:CSE tanks

From page 3 of the Q1 2015 quarterly report:

Our quarterly payout ratio, which is based on AFFO, was 113%, compared with 36% in the first quarter of 2014. This elevated amount was anticipated in Capstone’s plan to bring new wind facilities on stream to compensate for lower- margin contracts at Cardinal and Whitecourt. Our long-term target remains an average payout ratio of between 70% and 80%.

By long term they mean Q4 2017 or earlier. They have the cash and credit to continue the current dividend throughout that time frame.

We ended the quarter on a sound financial footing, with a debt-to-capitalization ratio of 70.8% and unrestricted cash and equivalents of $55.3 million, of which $24.2 million is available for general corporate purposes, along with $39.3 million in undrawn corporate credit capacity.

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