Calpine Corporation (ticker: CPN, exchange: NYSE Archipelago Exchange (.N))
News Release -
Calpine Power Income Fund Confirms May 2004 Distribution And Approval Of King City Transaction By Unitholders
CALGARY, May 19, 2004 (Canada NewsWire via COMTEX) -- Calpine Power Income Fund (TSX: CF.UN) today
confirmed that the cash distribution for the period May 1 to May 31 has been
set at $0.079 per trust unit. The cash distribution for this period will be
paid on June 18, 2004 to unitholders of record on May 31, 2004. The ex-
distribution date is May 27, 2004.
The Fund is also pleased to report that the acquisition by the Fund of
the King City Cogeneration Facility and related transactions (collectively,
the "Transaction") was approved by Unitholders, excluding Calpine Corporation
and certain related parties, at the Annual and Special Meeting of the Fund,
held on May 18, 2004. The Transaction is expected to close on or around
May 20, 2004.
Calpine Power Income Fund is an unincorporated open-ended trust that
invests in electrical power assets. The Fund indirectly owns interests in two
power plants, one in British Columbia and one in Alberta, and also has a loan
interest in a power plant in Ontario. The Fund is managed by Calpine Canada
Power Ltd., which is headquartered in Calgary, Alberta.
The Calpine Power Income Fund units are listed on the Toronto Stock
Exchange under the symbol CF.UN.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION:
For further information:
Phone: (403) 781-3148
John W. Nearing, Vice President and Chief Financial
Phone: (403) 781-6200