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2006
Algonquin Power
Income Fund annonce une distribution d'encaisse pour juin 2006
le 21 juin 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 519,73$)
payable le 15 août 2006 aux porteurs de parts inscrits le
30 juin 2006 pour la période du 1er juin 2006 au 30 juin 2006.
Le Fonds a présentement 69 693 469 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
17 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
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Algonquin Power
Income Fund annonce une distribution d'encaisse pour mai 2006
le 18 mai 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 519.73$)
payable le 17 juillet 2006 aux porteurs de parts inscrits le 31
mai 2006 pour la période du 1er mai 2006 au 31 mai 2006.
Le Fonds a présentement 69 693 469 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
17 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
Retour au haut de la page |
Algonquin Power
Income Fund Announces its Intention to Make an Offer to Acquire
AirSource Power Fund I LP
le 11 mai 2006
OAKVILLE, Ontario - Algonquin Power Income Fund
(“Algonquin”) announced today that it has entered into
a Support Agreement pursuant to which, Algonquin will cause its
affiliated entity, Algonquin (AirSource) Power LP (the “Offeror”)
to make an offer (the “Offer”) to acquire all of the
outstanding limited partnership units (the “AirSource Units”)
of AirSource Power Fund I LP (“AirSource”). The Offer
will be made by way of a take-over bid through the issuance of one
exchangeable limited partnership unit (an “Exchangeable Unit”)
of the Offeror for each AirSource Unit representing an equivalent
price of $10.00 per Unit, based on the volume weighted average price
of Algonquin’s trust units (the “Algonquin Units”)
on the Toronto Stock Exchange for the 20 trading days ending May
9, 2006 and will be open for acceptance for 45 days from the date
of mailing of the Offer, unless withdrawn or extended.
Each Exchangeable Unit will be entitled, subject to available cash
in the Offeror, to receive monthly distributions equivalent to the
distributions paid on Algonquin Units and will be exchangeable by
the holder, at any time, into 0.9808 Algonquin Units. The Offer
will provide eligible holders of AirSource Units (“AirSource
Unitholders”) the opportunity to elect pursuant to subsection
97(2) of the Income Tax Act (Canada) if they wish to defer the recognition
of all or any portion of the capital gain which would otherwise
occur on the exchange of AirSource Units for Exchangeable Units.
The AirSource Independent Liquidity Committee (comprised of directors
of the AirSource general partner who are not related to Algonquin)
has determined that the Offer is in the best interests of AirSource
Unitholders and has received an opinion from CIBC World Markets
Inc. that the consideration offered pursuant to the Offer is fair,
from a financial point of view, to the AirSource Unitholders. The
Board of Directors of AirSource will recommend that AirSource Unitholders
accept the Offer. Notwithstanding their support for the Offer, the
Independent Liquidity Committee, with the assistance of Algonquin
as provided under the Support Agreement, has committed to solicit
alternative proposals from third parties including publicly-traded
income funds during the period the Offer is open for acceptance
and has reserved the right to consider any superior proposals which
may arise.
The Offer will be conditional upon, among other things, there
not occurring any material adverse change in the business, the St.
Leon wind energy facility (the “Project”), operations,
assets or liabilities of AirSource and/or any of its subsidiaries
or affiliated entities. The Offeror acknowledges that completion
of the Project has been delayed due to adverse weather conditions,
equipment delivery delays and construction completion difficulties
experienced by the turn-key construction contractor. While all wind
turbines comprising the Project have now been erected and individually
commissioned, a number of technical concerns remain to be addressed
by the turn-key construction contractor in respect of the construction
of the Project. The Offeror acknowledges that the Offer is being
made on an “as-is, where-is” basis with respect to the
status of the Project. Further, provided that and notwithstanding
the foregoing, if the Project manifests additional problems that
have or could have a significant effect on the economic viability
of the Project, in the opinion of the Offeror, acting reasonably,
the Offeror shall have the right to assert that the same constitutes
a material adverse change.
About AirSource Power Fund I LP
AirSource Power Fund I LP is a limited partnership established
to invest in wind energy. AirSource and its affiliates have constructed
the St. Leon Wind Energy facility, comprised of 63 1.65 megawatt
turbines totaling approximately 99 megawatts of installed capacity
located near the Town of St. Leon, Manitoba. The facility is the
first wind farm in the province of Manitoba, and one of the largest
wind turbine farms in Canada to date. For further information, please
visit www.airsourcepowerfund.com.
About Algonquin Power Income Fund
Algonquin Power Income Fund is an open-ended investment trust
that owns and has interests in a diverse portfolio of power generating
and infrastructure assets across North America, including 48 hydroelectric
facilities, five natural gas-fired cogeneration facilities, 18 alternative
fuels facilities and 15 water reclamation and distribution facilities.
Algonquin Power Income Fund was established in 1997 to provide unitholders
with sustainable, highly stable and growing cash flows through a
diversified portfolio of energy and infrastructure assets. Algonquin
Power Income Fund’s units and convertible debentures are traded
on the Toronto Stock Exchange under the symbols APF.UN & APF.DB
respectively, and units are included in the S&P/TSX Composite
Index.
For more information, contact:
For further information, please contact:
Kelly Castledine
Algonquin Power Income Fund
c/o Algonquin Power Management Inc.
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
905-465-4500
APIF@AlgonquinPower.com
Daniel Allard
Chairman, Independent Liquidity Committee,
AirSource Power Fund GP Inc.
c/o GreenWing Energy, Inc.
600-666 Burrard Street
Vancouver, BC
V6C 2X8
604-639-3156
drallard@greenwingenergy.com
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Algonquin Power
Income Fund Announces First Quarter 2006 Financial Results
- Strong combined divisional performance contributes to growing
cash available for distribution
le 10 mai 2006
OAKVILLE, Ontario – Algonquin Power Income Fund (TSX: APF.UN
and APF.DB) today announced financial results for the first quarter
of 2006, ended March 31, 2006.
For the first quarter, revenue grew to $49.5 million as compared
to $40.6 million in the first quarter of 2005, an increase of 21%.
The first quarter increase in revenue is primarily due to strong
hydrology experienced in the Hydroelectric Division and a strong
performance by the Cogeneration Division. Additionally in the first
quarter, the Alternative Fuels Division experienced improved energy
production and higher levels of waste processed at the Energy from
Waste facility, and the Infrastructure Division continued to see
strong organic growth combined with the positive impact of facilities
that were purchased during 2005.
Net earnings in the first quarter of 2006 were $7.3 million compared
to $1.8 million for the first quarter of 2005. Net earnings per
trust unit in the first quarter of 2006 increased to $0.11 from
$0.03 in the same period in 2005. The increase in net earnings for
the first quarter is attributed to higher revenue and higher interest
and other income from the Fund’s investment in AirSource Power
Fund I LP.
Cash available for distribution in the first quarter of 2006 increased
to $16.3 million or $0.23 per unit compared to $13.9 million or
$0.20 per unit in the first quarter of 2005. During the first quarter,
Algonquin Power Income Fund distributed $0.23 per trust unit, consistent
with the amount distributed during the same period in 2005.
Performance Summary for the first quarter of 2006:
- Revenue of $49.5 million in Q1 2006 compared to $40.6 million
in Q1 2005.
- Net earnings of $7.3 million ($0.11 per trust unit) in Q1 2006
compared to $1.8 million ($0.03 per trust unit) in Q1 2005.
- Cash available for distribution of $16.3 million in Q1 2006
compared to $13.9 million in Q1 2005.
- Cash available for distribution per trust unit of $0.23 in Q1
2006 compared to $0.20 per trust unit in Q1 2005.
“Strong combined performance of the Fund’s four divisions
has resulted in the achievement of stable cash distributions to
unitholders and growing cash available for distribution”,
stated Chris Jarratt, a senior manager with the Fund. “The
facilities acquired in 2005 have been successfully integrated into
the Fund’s operations and are now contributing to the Fund’s
overall success in the first quarter of 2006. The Fund will continue
to focus on growing its portfolio of generating and infrastructure
assets to diversify both technologically and geographically throughout
North America in order to maintain and improve the stability of
the Fund for unitholders.”
To view a detailed report of first quarter results
click here 
About Algonquin Power Income Fund
Algonquin Power Income Fund is an open-ended investment trust that
owns and has interests in a diverse portfolio of power generating
and infrastructure assets across North America, including 48 hydroelectric
facilities, five natural gas-fired cogeneration facilities, 18 alternative
fuels facilities and 15 water reclamation and distribution facilities.
Algonquin Power Income Fund was established in 1997 to provide unitholders
with sustainable, highly stable and growing cash flows through a
diversified portfolio of energy and infrastructure assets. Algonquin
Power Income Fund’s units and convertible debentures are traded
on the Toronto Stock Exchange under the symbols APF.UN & APF.DB
respectively, and units are included in the S&P/TSX Composite
Index.
For further information, please contact:
Chris Jarratt or Kelly Castledine
Telephone: (905) 465-4500
E-mail: APIF@algonquinpower.com
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario L6H 7H7
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Algonquin Power
Income Fund annonce une distrubution d'encaisse pour avril 2006
le 19 avril 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 519.73$)
payable le 17 juin 2006 aux porteurs de parts inscrits le 29 avril
2006 pour la période du 1er avril 2006 au 30 avril 2006.
Le Fonds a présentement 69 693 469 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
17 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
Retour au haut de la page |
Algonquin Power
Income Fund annonce une distrubution d'encaisse pour mars 2006
le 22 mars 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 374.94$)
payable le 15 mai 2006 aux porteurs de parts inscrits le 31 mars
2006 pour la période du 1er mars 2006 au 31 mars 2006.
Le Fonds a présentement 69 691 592 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
18 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
Retour au haut de la page |
Algonquin Power
Income Fund Announces 2005 Fourth Quarter and Year End Results
Cash available for distribution shows continued
growth
March 8, 2006
OAKVILLE, Ontario - Algonquin Power Income Fund
(TSX: APF.UN and APF.DB) today announced results for the fourth
quarter and year ended December 31, 2005.
For the year 2005, revenue grew to $179.3 million as compared to
$160.5 million in 2004, an 11.7% year over year increase. In the
fourth quarter of 2005 revenue grew to $50.9 million as compared
to $40.7 million in the fourth quarter of 2004. The fourth quarter
increase is mainly due to strong hydrology experienced in the Hydroelectric
Division and improved production in the Cogeneration Division. Additionally
in the fourth quarter, the Alternative Fuels Division experienced
improved levels of energy production from the Energy from Waste
facility and the Infrastructure Division continued to see strong
organic growth and began to see benefits from the facilities acquired
during the year.
Net earnings in 2005 were $21.8 million compared to $22.8 million
for 2004. Net earnings per trust unit in 2005 decreased to $0.31
from $0.33 in 2004. The decline in net earnings is primarily attributed
to a write down related to the Crossroads facility including the
associated tax loss, lower unrealized foreign exchange gains in
2005 compared to 2004, and higher interest expenses in 2005 as compared
to 2004.
Cash available for distribution in 2005 increased to $64.9 million
or $0.93 per unit compared to $59.9 million or $0.87 per unit in
2004. Cash distributions in 2005 totaled $0.92 per trust unit, unchanged
from 2004. During the fourth quarter, Algonquin Power Income Fund
distributed $0.23 per trust unit, consistent with the same period
in 2004. Cash available for distribution for the quarter grew to
$19.5 million over the $12.7 million available for the fourth quarter
of 2004.
Performance Summary for the fourth quarter of 2005:
- Revenue increased to $50.9 million in Q4 2005 from $40.7 million
in Q4 2004.
- Net earnings of $8.9 million in Q4 2005 compared to $(0.1) million
in Q4 2004.
- Net earnings per trust unit of $0.12 in Q4 2005 compared to
$0.00 in Q4 2004.
- Cash available for distribution of $19.5 million ($0.28 per
trust unit) in Q4 2005 compared to $12.7 million ($0.18 per trust
unit) in Q4 2004. Distributions remained at $0.23 per trust unit
during the fourth quarter of both 2005 and 2004.
Performance Summary for the year 2005:
- Revenue increased to $179.3 million for the year 2005 compared
to $160.5 million in 2004.
- Net earnings of $21.8 million for 2005 compared to $22.8 million
for 2004.
- Net earnings per trust unit of $0.31 in 2005 compared to $0.33
in 2004.
- The Fund generated $0.93 per trust unit of cash available for
distribution for 2005 compared to $0.87 for 2004. Distributions
remained at $0.92 per unit for both 2005 and 2004.
“Algonquin Power Income Fund is very pleased with the achievements
of the Fund throughout 2005”, commented Chris Jarratt, a senior
manager with the Fund. “Strong performance results were achieved
by key assets within the Cogeneration and Infrastructure Divisions,
along with strong overall performance for the year in the Hydroelectric
Division and increased investment income in Alternative Fuels. The
positive performance from each division contributed to the Fund
achieving record levels of distributable cash in 2005. The importance
of developing and maintaining a stable, well diversified portfolio
of assets continues to be a priority for the Fund with efforts over
the past few years resulting in a strong, balanced Fund moving into
2006 and beyond.”
To view a detailed report of fourth quarter and year end 2005 results
click here
.
About Algonquin Power Income Fund
Algonquin Power Income Fund is an open-ended investment trust
that owns and has interests in a diverse portfolio of power generating
and infrastructure assets across North America, including 48 hydroelectric
facilities, five natural gas-fired cogeneration facilities, 18 alternative
fuels facilities and 15 water reclamation and distribution facilities.
Algonquin Power Income Fund was established in 1997 to provide unitholders
with sustainable, highly stable and growing cash flows through a
diversified portfolio of energy and infrastructure assets. Algonquin
Power Income Fund’s units are traded on the Toronto Stock
Exchange (APF.UN) and are included in the S&P/TSX Composite
Index.
Contact:
Chris Jarratt or Kelly Castledine
Telephone: (905) 465-4500
E-mail: APIF@algonquinpower.com
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario L6H 7H7
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Algonquin Power
Income Fund annonce une distrubution d'encaisse pour février
2006
le 16 février 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 375.94$)
payable le 17 avril 2006 aux porteurs de parts inscrits le 28 février
2006 pour la période du 1er février 2006 au 28 février
2006.
Le Fonds a présentement 69 691 592 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
18 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
Retour au haut de la page
|
Algonquin Power
Income Fund annonce une distrubution d'encaisse pour janvier 2006
le 19 janvier 2006
OAKVILLE, Ontario - Les fiduciaires d'Algonquin
Power Income Fund (le «Fonds») de Oakville, Ontario ont annoncés
aujourd'hui une distribution d'encaisse sur ses parts de fiducie.
La distribution est de 0,0776$ par part de fiducie ( 5 338 375.94$)
payable le 15 mars 2006 aux porteurs de parts inscrits le 31 janvier
2006 pour la période du 1er janvier 2006 au 31 janvier 2006.
Le Fonds a présentement 69 691 592 parts émises et en circulation.
Aperçu d' Algonquin Power
Algonquin Power est une fiducie à capital variable qui
détient une participation directe ou indirecte dans un porte-feuille
divers comprennent des actifs énergitique et d'infrastructure
dans le norde de l'Amérique, incluant 48 centrales hydroélectriques,
5 centrales de cogénération à base de gaz,
18 centrales à base de combustibles atrenatifs et 15 installations
de distribution et d'assainissement d'eau. Algonquin Power a été
crée en 1997 afin de fournit aux porteurs de parts un flux
de trésorerie hautement stable et durable tout en augmentant
le flux de trésorerie par moyen de portefeuilles énergétiques
diversifiés et des actifs en infrastructure. Les parts du
Fonds sont inscrites aux fins de négociation à la
côte de la Bourse de Toronto (APF.UN) et sont inclus à
l'indice composé S&P/TSX.
Pour plus d'information, contactez:
Kelly Castledine
Algonquin Power Income Fund
2845 Bristol Circle
Oakville, Ontario
L6H 7H7
Téléphone: (905) 465-4500
Courriel: APIF@algonquinpower.com
Page Internet: www.algonquinpower.com
Retour au haut de la page |
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