MONTRÉAL, Feb. 1, 2017 /CNW
Telbec/ - The Board of Directors of Boralex Inc. (TSX: BLX)
("Boralex" or the "Corporation") has declared a quarterly dividend
of $0.15 per common share,
representing a 7.1 % increase as compared to the previous level of
$0.14. This dividend will be paid on
March 15, 2017 to shareholders of
record at the close of business on February
28, 2017. Boralex has designated this dividend as an
eligible dividend within the meaning of section 89(14) of the
Income Tax Act (Canada) and all
provisions of provincial laws applicable to eligible dividends.
About Boralex
Boralex develops, builds and
operates renewable energy power facilities in Canada, France and the
United States. A leader in the Canadian market and
France's largest independent
producer of onshore wind power, the Corporation is recognized for
its solid experience in optimizing its asset base in four power
generation types — wind, hydroelectric, thermal and solar. Boralex
ensures sustained growth by leveraging the expertise and
diversification developed over the past 25 years. Boralex's shares
and convertible debentures are listed on the Toronto Stock Exchange
under the ticker symbols BLX and BLX.DB.A, respectively. More
information is available at www.boralex.com or
www.sedar.com.
Caution regarding forward-looking
statements
Some of the statements contained in this
press release, including those regarding expected EBITDA(A) and
accretion to discretionary cash flow per share, are forward-looking
statements based on current expectations, within the meaning of
securities legislation. Boralex would like to point out that, by
their very nature, forward-looking statements involve risks and
uncertainties such that its results or the measures it adopts could
differ materially from those indicated by or underlying these
statements, or could have an impact on the degree of realization of
a particular projection. Boralex considers the assumptions on which
these forward-looking statements are based to be reasonable at the
time they were prepared, but cautions that these assumptions
regarding future events, many of which are beyond the control of
the Corporation, may ultimately prove to be incorrect.
Certain forward-looking information such as expected
EBITDA(A) and accretion to discretionary cash flows per share and
forward-looking statements are subject to important assumptions,
including: (i) assumptions as to the performance of the
Corporation's projects based on management estimates and
expectations with respect to wind and other factors, (ii)
assumptions as to general industry and economic conditions and
(iii) assumptions as to EBITDA(A) margins. While the Corporation
considers these factors and assumptions to be reasonable based on
information currently available, they may prove to be
incorrect.
The reader is cautioned not to place undue reliance on such
forward-looking statements. Unless required to do so under
applicable securities legislation, Boralex management does not
assume any obligation to update or revise forward-looking
statements to reflect new information, future events or other
changes.
SOURCE Boralex Inc.