MONTREAL, June 30 /PRNewswire-FirstCall/ -- Boralex Power Income Fund (the "Fund") has today declared a cash distribution in the amount of $0.01290 for the period from July 1, 2010 to July 12, 2010, being the expiry date of the offer made by Boralex Inc. ("Boralex") to acquire all the issued and outstanding trust units of the Fund, as extended by Boralex on June 28, 2010.
The amount of this distribution was determined based on the number of days during this period and the amount of $0.03333 per trust unit normally distributed by the Fund on a monthly basis.
The distribution will be paid on August 5, 2010, to unitholders of record at the close of business on July 12, 2010, regardless of whether unitholders have tendered or will tender their trust units pursuant to Boralex's offer.
About Boralex Power Income Fund
Boralex Power Income Fund is an unincorporated open-ended trust that indirectly owns ten power generating stations located in the province of Quebec and the United States producing energy from different sources including wood-residue or natural gas-fired thermal and cogenerating facilities as well as hydroelectric power stations. In total, these power stations have an installed capacity of 190 MW. The Fund's units are listed for trading on The Toronto Stock Exchange under the symbol BPT.UN.
BORALEX POWER INCOME FUND
CONTACT: Ms. Patricia Lemaire, Director, Publics Affairs and
Communications, Boralex Power Inc., 514-985-1353,
patricia.lemaire@boralex.com
