Northland Power Inc. has announced that the conversion of Northland Power Income Fund from an income trust to a corporation became effective on Jan. 1. As a result, Northland is now the Canadian public corporation that will continue to carry on the business of the fund. The fund's trust units have been converted into common shares of Northland on a one-for-one basis and will trade under the TSX symbol NPI.
The Series 1 preferred shares of Northland Power Preferred Equity Inc. have been converted into Series 1 preferred shares of Northland on a one-for-one basis and will trade under the TSX symbol NPI.PR. The two series of convertible debentures of the fund have become convertible debentures of Northland and will continue to trade under the TSX symbols of NPI.DB and NPI.DB.A.
SOURCE: Northland Power Inc.