EDMONTON, Alberta, June 18, 2018 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX:CPX) (the Corporation and
together with its subsidiaries, Capital Power) announced today that after having taken into account all Election Notices following
the June 15, 2018 conversion deadline, in respect of the Cumulative Rate Reset Preference Shares, Series 5 (Series 5 Shares)
tendered for conversion into Cumulative Floating Rate Preference Shares, Series 6 (Series 6 Shares), the holders of Series 5 Shares
were not entitled to convert their shares. There were approximately 236,824 Series 5 Shares tendered for conversion, which was less
than the required one million shares required for conversion into Series 6 Shares.
There are eight million Series 5 Shares listed on the Toronto Stock Exchange (TSX) under the symbol
CPX.PR.E. Effective June 30, 2018, the Annual Fixed Dividend Rate for the next five-year period has been reset to
5.23800%.
For more information on the terms of, and risks associated with an investment in the Series 5 Shares, please see
Capital Power’s prospectus supplement dated March 7, 2013 which is available on sedar.com or on Capital
Power's website at capitalpower.com.
About Capital Power
Capital Power (TSX:CPX) is a growth-oriented North American power producer headquartered in Edmonton, Alberta. The
company develops, acquires, owns, and operates power generation facilities using a variety of energy sources. Capital Power owns
approximately 4,500 megawatts (MW) of power generation capacity at 24 facilities across North America. Approximately 1,000 MW
of owned generation capacity is in advanced development in Alberta, North Dakota, and Illinois.
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