Capstone Infrastructure Corporation Provides Notice of Dividend Rates on Cumulative 5-Year Rate Reset Preferred Shares, Series A and Cumulative Floating Rate Preferred Shares, Series B

TORONTO, July 05, 2021 (WORLD NEWSWIRE) — More to Capstone Facilities Corporation’s (“Capstone” or the “Corporation”) (TSX:CSE.PR.A) press release dated June 10, 2021, Capstone revealed today the relevant dividend rates for its Cumulative 5-Year Rate Reset Preferred Shares, Series A (the “Series A shares”) and Cumulative Drifting Rate Preferred Shares, Series B (the “Series B shares”) that will work on July 31, 2021.

With regard to any Series A shares that stay impressive after August 3, 2021 (when, based on the regards to the Corporation’s posts, holders of Series A shares who choose to exchange some or all of their Series A shares for Series B shares will have such shares exchanged) (the “Conversion Date”), holders of Series A shares will be entitled to get quarterly set cumulative preferential money dividends, if, as and when stated by the Board of Directors of Capstone. The dividend rate for the five-year duration from and consisting of July 31, 2021 to however leaving out July 31, 2026 will be 3.702% per year, amounting to the five-year Federal government of Canada bond yield identified since today plus 2.71%, in accordance with the regards to the Series A shares.

With regard to any Series B shares that might be provided on the Conversion Date, holders thereof will be entitled to get quarterly drifting rate cumulative preferential money dividends, if, as and when stated by the Board of Directors of Capstone. The dividend rate for the three-month duration from and consisting of July 31, 2021 to however leaving out October 31, 2021 will be 2.852% per year, amounting to the three-month Federal government of Canada Treasury Expense yield per year identified since today plus 2.71%, with the quantity of any quarterly dividend computed based upon the real variety of days in such quarterly duration divided by 365, in accordance with the regards to the Series B shares.

Beneficial owners of Series A shares who want to exercise their conversion right must interact with their broker or other candidate to guarantee their guidelines are followed so that the signed up holder of the Series A shares can fulfill the due date to work out such conversion right, which is 5:00 p.m. (EST) on July 19, 2021.

ABOUT CAPSTONE FACILITIES CORPORATION
Capstone’s objective is to power society, secure the environment, add to neighborhoods, and produce worth for its investors. Capstone runs roughly 766 MW gross set up capability throughout 29 centers in Canada, consisting of wind, solar, hydro, biomass, and gas cogeneration power plants. Please go to www.capstoneinfrastructure.com for additional information.

Notification to Readers
Particular of the declarations included within this file are positive and show management’s expectations concerning the future development, outcomes of operations, efficiency and company of the Corporation based upon info presently readily available to the Corporation. Positive declarations are offered the function of providing info about management’s existing expectations and strategies connecting to the future and readers are warned that such declarations might not be proper for other functions. These declarations utilize positive words, such as “anticipate”, “continue”, “could”, “expect”, “may”, “will”, “intend”, “estimate”, “plan”, “believe” or other comparable words. These declarations go through recognized and unidentified threats and unpredictabilities that might trigger real outcomes or occasions to vary materially from those revealed or indicated by such declarations and, appropriately, must not read as assurances of future efficiency or outcomes. The positive declarations within this file are based upon info presently readily available and what the Corporation presently thinks are sensible presumptions.

The positive declarations within this file show existing expectations of the Corporation as at the date of this file and speak just as at the date of this file. Other than as might be needed by relevant law, the Corporation does not carry out any commitment to openly upgrade or modify any positive declarations.

This file is not a deal or invite for the membership or purchase of or a suggestion of securities. It does not take into consideration the financial investment goals, monetary scenario and specific requirements of any financiers. Prior to making a financial investment in the Corporation, a financier or potential financier must think about whether such a financial investment is proper to their specific financial investment requirements, goals and monetary scenarios and speak with a financial investment consultant if needed.

Contact:

Capstone Facilities Corporation
(416) 649-1300
info@capstoneinfra.com

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Jobber Wiki author Frank Long contributed to this report.