MONTREAL, Sept. 21 /PRNewswire-FirstCall/ -- Boralex Power Income Fund (the "Fund") has declared a cash distribution in the amount of $0.01667 for the period from September 16, 2010 to September 30, 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 October 21, 2010, to unitholders of record at the close of business on September 30, 2010. Trust units that are deposited under the extended and varied offer of Boralex Inc. ("Boralex") to purchase (the "Offer") all of the issued and outstanding trust units expiring at 7:00 p.m. on September 28, 2010 will not be entitled to receive such distribution. However, they will be entitled to the interest accumulated on the 6.75% convertible unsecured subordinated debentures to be issued as consideration for the deposited trust units as calculated from September 15, 2010.
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
