DRIP

Untitled Document

The Dividend Reinvestment Plan (DRIP) provides eligible beneficial holders of Common Shares an attractive opportunity to reinvest their eligible cash dividends for additional Northland Common Shares. Participants do not pay any costs associated with this plan, including brokerage commissions.

On November 9, 2011, Northland Power announced a change to its existing DRIP, whereby Common Shareholders and Class A Shareholders may elect to reinvest their dividends in Northland Common Shares, at a 5% discount. The new terms apply to shareholders of record who are entitled to cash dividends and have elected to participate in the DRIP for dividends paid on and after December 15, 2011.

For further information or to join the DRIP, Shareholders should contact their financial adviser or broker.

Please click here for Northland Power’s 2015 Revised DRIP Plan.


For further information or to join the DRIP, Shareholders should contact their financial adviser or broker

Distribution Month Average Market Price Re Investment Share Price*
Jan 2017  $24.426336 $23.205019
Feb 2017 - -
Mar 2017 - -
Apr 2017 - -
May 2017 - -
Jun 2017 - -
 Jul 2017 - -
Aug 2017 - -
Sep 2017 - -
Oct 2017 - -
Nov 2017 - -
Dec 2017 - -
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Jan 2016   $18.508189  $17.582780
Feb 2016  $20.389197  $19.369737
Mar 2016  $21.296214  $20.231403
Apr 2016  $22.233168  $21.121510
May 2016  $22.651653  $21.519071
Jun 2016  $23.519927  $22.343930
 Jul 2016  $24.888995  $23.644546
Aug 2016  $23.445200  $22.272940
Sep 2016  $23.330742  $22.164205
Oct 2016  $22.112933  $21.007286
Nov 2016  $22.846883  $21.704539
Dec 2016  $23.689341  $22.504874
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Jan 2015   $16.957382  $16.109513
Feb 2015  $16.591761  $15.762172
Mar 2015  $17.481189  $16.607129
Apr 2015  $16.849005  $16.006555
May 2015  $15.853999  $15.061299
Jun 2015  $15.865517  $15.072242
Jul 2015  $15.372746  $14.604109
Aug 2015  $15.916590  $15.120761
Sep 2015  $17.633413  $16.751742
Oct 2015  $17.788968  $16.899520
Nov 2015  $17.384145  $16.514937
Dec 2015  $18.148497  $17.241072
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2014  $15.886853  $15.092510 
Nov 2014 $14.918122  $14.172216 
Oct 2014 $16.495354 $15.670586
Sep 2014 $16.344378 $15.527159
Aug 2014 $17.4602 $16.5872
Jul 2014 $17.652982 $16.770333
Jun 2014 $17.882405 $16.988285
May 2014 $17.826672 $16.935339
Apr 2014 $17.410605 $16.540075
Mar 2014 $17.415376 $16.544607
Feb 2014 $16.562600 $15.734500
Jan 2014 $15.914100 $15.118400
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2013 $16.016414 $15.215593
Nov 2013 $15.281246 $14.517184
Oct 2013 $15.933591 $15.136912
Sep 2013 $15.920074 $15.124070
Aug 2013 $14.541554 $13.814476
Jul 2013 $15.716834 $14.930993
Jun 2013 $16.780827 $15.941786
May 2013 $17.754935 $16.867188
Apr 2013 $19.297397 $18.332527
Mar 2013 $18.917003 $17.971153
Feb 2013 $18.648604 $17.716174
Jan 2013 $19.147566 $18.190188
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2012 $18.786674 $17.847340
Nov 2012 $18.828219 $17.886808
Oct 2012 $18.700118 $17.765112
Sep 2012 $18.870835 $17.927294
Aug 2012 $18.748672 $17.811239
Jul 2012 $18.862705 $17.919570
Jun 2012 $18.117454 $17.211581
May 2012 $17.487543 $16.613166
Apr 2012 $17.599364 $16.719396
Mar 2012 $17.094680 $16.239946
Feb 2012 $17.641849 $16.759756
Jan 2012 $17.063016 $16.209865
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan
Distribution Month Average Market Price Re Investment Share Price*
Dec 2011 $17.262703 $16.399568
Nov 2011 $17.010123 $16.159617
*95% of the Average Market Price as defined by the Dividend Reinvestment Plan

Northland Power
Management Information Circular

Continuing our goal to be a leader in the development and operation of sustainable energy assets in Canada and worldwide