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Atlantic Power to hold special preferred stock shareholders meeting
Chicago, March 2 – Atlantic Power Corp. and its indirect, wholly owned subsidiary Atlantic Power Preferred Equity Ltd. announced the mailing of the information circular and proxy statement for a special meeting of preferred shareholders to be held at 11 a.m. ET on April 7 in a virtual format. The special meetings are to be held in accordance with the terms of an interim order of the Supreme Court of British Columbia obtained on Feb. 23, according to a press release.
The purpose of the special meetings is to approve the plan of arrangement pursuant to an arrangement agreement date Jan. 14 among Atlantic Power, Atlantic Power Preferred Equity, Atlantic Power LP and certain affiliates of infrastructure funds managed by I Squared Capital (US) LLC whereby, among other things, all the issued and outstanding common shares of Atlantic Power will be acquired for $3.03 per common share in cash and all of the issued and outstanding preferred shares of Atlantic Power Preferred Equity will be transferred to Atlantic Power Preferred Equity for C$22.00 in cash per preferred share.
At the special meetings, preferred shareholders will be asked to approve the continuance of APPEL from the jurisdiction of the Province of Alberta to the jurisdiction of the Province of British Columbia.
Atlantic Power has retained Kingsdale Advisors to act as proxy solicitation agent and to answer information requests from preferred shareholders with regard to the approval of the transaction. Questions can be directed to Kingsdale Advisors (866-229-8263 (toll free in North America) or 416 867-2272 (collect outside North America) or by e-mail at contactus@kingsdaleadvisors.com).
Atlantic Power’s preferred stock trades on the TSX under the symbols “AZPPrA," "AZPPr.B" and "AZPPrC."
Dedham, Mass.-based Atlantic Power owns and operates a fleet of power generation assets.
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