(NPI) TORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland" or the "Company") (TSX: NPI) today announced that pursuant to the share terms in respect of the Cumulative Rate Reset Preferred Shares, Series 1 (âSeries 1 Sharesâ), it has determined the fixed dividend rate for the five years commencing September 30, 2025 and ending September 29, 2030. The fixed quarterly dividends on the Series 1 Shares during that period will be paid at an annual rate of 5.70% ($0.3564 per share per quarter).
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How will the 5.70% fixed dividend rate on Series 1 preferred shares influence Northland's common equity valuation and immediate price movement?
What is the relative attractiveness of Northland's reset dividend compared to peer utilities and other preferredâshare issuers in the Canadian market?
What are the potential implications of this dividend reset for Northland's capital structure, liquidity, and future growth prospects through 2030?