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Capstone Infrastructure Corporation (CPOIF)

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10.480.00 (0.00%)
At close: 9:30AM EST
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Previous Close10.48
Open10.48
BidN/A x N/A
AskN/A x N/A
Day's Range10.48 - 10.48
52 Week Range10.48 - 10.48
Volume500
Avg. VolumeN/A
Market CapN/A
Beta (5Y Monthly)0.13
PE Ratio (TTM)N/A
EPS (TTM)-0.01
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul. 14, 2021
1y Target EstN/A
  • Capstone Infrastructure Corporation Reports First Quarter Results and Declares a Quarterly Dividend
    GlobeNewswire

    Capstone Infrastructure Corporation Reports First Quarter Results and Declares a Quarterly Dividend

    TORONTO, May 12, 2021 (GLOBE NEWSWIRE) -- Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the "Corporation" or "Capstone") today announced and filed its financial results for the first quarter ended March 31, 2021. The Corporation’s Management’s Discussion and Analysis ("MD&A") for the first quarter 2021 and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com and on SEDAR at www.sedar.com. Capstone's MD&A details the "Results of Operations" and provides a "Financial Position Review" for the quarter ended March 31, 2021. Dividend Declarations The Board of Directors today declared a quarterly dividend on the Corporation’s Cumulative Five-Year Rate Reset Preferred Shares, Series A (the “Preferred Shares”) of $0.2044 per Preferred Share to be paid on or about July 30, 2021 to shareholders of record at the close of business on July 15, 2021. The dividend on the Preferred Shares covers the period from April 30, 2021 to July 29, 2021. The dividends paid by the Corporation on its Preferred Shares are designated “eligible” dividends for the purposes of the Income Tax Act (Canada). An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents. About Capstone Infrastructure Corporation Capstone's mission is to power society, protect the environment, contribute to communities, and create value for its shareholders. Capstone operates approximately 766 MW gross installed capacity across 29 facilities in Canada, including wind, solar, hydro, biomass, and natural gas cogeneration power plants. Please visit www.capstoneinfrastructure.com for more information. Caution Regarding Forward-Looking Statements Certain of the statements contained within this document are forward-looking and reflect management’s expectations regarding the future growth, results of operations, performance and business of the Corporation based on information currently available to the Corporation. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as “anticipate”, “continue”, “could”, “expect”, “may”, “will”, “intend”, “estimate”, “plan”, “believe” or other similar words. These statements are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. The forward-looking statements within this document are based on information currently available and what the Corporation currently believes are reasonable assumptions, including the material assumptions set out in the management’s discussion and analysis of the results of operations and the financial condition of the Corporation (“MD&A”) for the year ended December 31, 2020, as updated in subsequently filed MD&A of the Corporation (such documents are available under the Corporation’s SEDAR profile at www.sedar.com). Although the Corporation believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements due to inherent risks and uncertainties. For a comprehensive description of these risk factors, please refer to the “Risk Factors” section of the Corporation’s Annual Information Form dated March 22, 2021, as supplemented by disclosure of risk factors contained in any subsequent annual information form, material change reports (except confidential material change reports), business acquisition reports, interim financial statements, interim management's discussion and analysis and information circulars filed by the Corporation with the securities commissions or similar authorities in Canada (which are available under the Corporation’s SEDAR profile at www.sedar.com). The assumptions, risks and uncertainties described above are not exhaustive and other events and risk factors could cause actual results to differ materially from the results and events discussed in the forward-looking statements. The forward-looking statements within this document reflect current expectations of the Corporation as at the date of this document and speak only as at the date of this document. Except as may be required by applicable law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. For further information, please contact: Andrew KennedyChief Financial Officer (416) 649-1300akennedy@capstoneinfra.com

  • Canada’s Largest Solar Facility Now Soaking up the Rays in Southern Alberta
    GlobeNewswire

    Canada’s Largest Solar Facility Now Soaking up the Rays in Southern Alberta

    Canada's largest solar facility Claresholm Solar will avoid an estimated 149,000 MTCO2 each year when compared to conventional energy sources in Alberta. TORONTO, April 19, 2021 (GLOBE NEWSWIRE) -- Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the "Corporation" or "Capstone"), along with our partner Obton A/S, is proud to announce that our 132MWac Claresholm Solar Project (“Claresholm”) achieved commercial operation and is now producing clean, renewable power. Claresholm Solar is located in the Municipal District of Willow Creek and provided more than 350 full-time jobs in Alberta during construction, with peak site personnel reaching over 650 skilled workers. In addition, over the operational life of the project, Claresholm will provide on-going employment along with significant and stable long-term property tax revenue to the local economy. The majority of Claresholm’s power and associated emission offsets are sold to TC Energy, under the terms of a power purchase agreement (“PPA”), and the rest of the electricity will be sold into Alberta’s wholesale power pool. “I’m tremendously proud of our team for safely and successfully completing the Claresholm Solar Project, now Canada’s largest operating solar farm. This was an ambitious project with tight timelines, and Capstone, along with PCL and all our suppliers, had the added burden of overcoming the numerous challenges resulting from the COVID-19 pandemic, which they passed with flying colours.” says David Eva, CEO, Capstone, “Working creatively and with unmatched dedication is integral to Capstone’s business philosophy, and we are extremely pleased to support TC Energy and the critical role that such corporate PPAs play in accelerating the transition to clean energy across North America.” “Capstone has shown incredible dedication to bringing this asset into service. Through collaborative partnerships like this one, we are bringing clean energy to the Alberta market,” says Corey Hessen, Sr. Vice President and President Power, Storage and Commercial Marketing, TC Energy. “This PPA represents another step towards reducing our emissions and growing our power business across North America.” “Having been involved in the project for close to four years, I am very happy that it has now been fully realized. It all started with a good idea and today after many ups and downs the project has been fully commissioned and will be an important power plant in Alberta, which we are extremely proud of being a part of,” says Mikkel Berthelsen, Partner at Obton A/S, “I want to thank all the great people that worked on realizing this project, in particular, Perimeter Solar for their early-stage development work, our contractor PCL, our off-taker TC Energy, our lenders ATB, Fiera, Telus, and of course, our partner Capstone.” About Capstone Infrastructure Corporation Capstone is developer, owner and operator of renewable energy projects, whose mission is to power society, protect the environment, contribute to communities, and create value for its shareholders. Capstone operates more than 750 MW of installed capacity across 29 facilities in Canada, including wind, solar, hydro, biomass, and natural gas co-generation power plants. Please visit www.capstoneinfrastructure.com for more information. About Obton A/S Obton is a Danish solar investor and developer with more than 10 years of experience in the solar PV market. It was one of the first investment companies to see the opportunities in solar PV systems, and today Obton is one of Europe’s largest providers of investments in renewable solar energy, with EUR 2,5 billion in investments under administration and management of more than 1,2 GW of installed capacity. Notice to Readers Certain of the statements contained within this document are forward-looking and reflect management's expectations regarding the future growth, results of operations, performance and business of the Corporation based on information currently available to the Corporation. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as "anticipate", "continue", "could", "expect", "may", "will", "intend", "estimate", "plan", "believe" or other similar words. These statements are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. The forward-looking statements within this document are based on information currently available and what the Corporation currently believes are reasonable assumptions. The forward-looking statements within this document reflect current expectations of the Corporation as at the date of this document and speak only as at the date of this document. Except as may be required by applicable law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. This document is not an offer or invitation for the subscription or purchase of or a recommendation of securities. It does not take into account the investment objectives, financial situation and particular needs of any investors. Before making an investment in the Corporation, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment adviser if necessary. Contact Information: Capstone Infrastructure Corporation Megan Hunter Communications Manager (416) 649-1325 mhunter@capstoneinfra.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7055989-bbe0-4d66-918e-c62b4aae87ec

  • Capstone Infrastructure Corporation Reports Fourth Quarter and Fiscal 2020 Results and Declares a Quarterly Dividend
    GlobeNewswire

    Capstone Infrastructure Corporation Reports Fourth Quarter and Fiscal 2020 Results and Declares a Quarterly Dividend

    TORONTO, March 04, 2021 (GLOBE NEWSWIRE) -- Capstone Infrastructure Corporation (TSX: CSE.PR.A) (the "Corporation" or "Capstone") today reports and filed its results for the fourth quarter and fiscal year ended December 31, 2020. The Corporation’s 2020 Management’s Discussion and Analysis ("MD&A") and unaudited interim consolidated financial statements are available at www.capstoneinfrastructure.com and on SEDAR at www.sedar.com. Capstone's MD&A details the "Results of Operations" and provides a "Financial Position Review" for the quarter ended December 31, 2020. Dividend Declarations The board of directors today declared a quarterly dividend on the Corporation’s Cumulative Five-Year Rate Reset Preferred Shares, Series A (the “Preferred Shares”) of $0.2044 per Preferred Share to be paid on or about April 30, 2021 to shareholders of record at the close of business on April 15, 2021. The dividend on the Preferred Shares covers the period from January 31, 2021 to April 29, 2021. The dividends paid by the Corporation on its Preferred Shares are designated “eligible” dividends for the purposes of the Income Tax Act (Canada). An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents. About Capstone Infrastructure Corporation Capstone's mission is to power society, protect the environment, contribute to communities, and create value for its shareholders. Capstone owns and operates, approximately net 570 MW of installed capacity across 28 facilities in Canada, including wind, hydro, solar, biomass, and natural gas power plants. Please visit www.capstoneinfrastructure.com for more information. Caution Regarding Forward-Looking Statements Certain of the statements contained within this document are forward-looking and reflect management’s expectations regarding the future growth, results of operations, performance and business of the Corporation based on information currently available to the Corporation. Forward-looking statements are provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as “anticipate”, “continue”, “could”, “expect”, “may”, “will”, “intend”, “estimate”, “plan”, “believe” or other similar words. These statements are subject to known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results. The forward-looking statements within this document are based on information currently available and what the Corporation currently believes are reasonable assumptions, including the material assumptions set out in the management’s discussion and analysis of the results of operations and the financial condition of the Corporation (“MD&A”) for the year ended December 31, 2019, as updated in subsequently filed MD&A of the Corporation (such documents are available under the Corporation’s SEDAR profile at www.sedar.com). Although the Corporation believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements due to inherent risks and uncertainties. For a comprehensive description of these risk factors, please refer to the “Risk Factors” section of the Corporation’s Annual Information Form dated March 23, 2020, as supplemented by disclosure of risk factors contained in any subsequent annual information form, material change reports (except confidential material change reports), business acquisition reports, interim financial statements, interim management's discussion and analysis and information circulars filed by the Corporation with the securities commissions or similar authorities in Canada (which are available under the Corporation’s SEDAR profile at www.sedar.com). The assumptions, risks and uncertainties described above are not exhaustive and other events and risk factors could cause actual results to differ materially from the results and events discussed in the forward-looking statements. The forward-looking statements within this document reflect current expectations of the Corporation as at the date of this document and speak only as at the date of this document. Except as may be required by applicable law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. For further information, please contact: Andrew KennedyChief Financial Officer (416) 649-1300akennedy@capstoneinfra.com