TORONTO, ONTARIO--(Marketwired - Dec. 16, 2015) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES
Transeastern Power Trust ("Transeastern" or the "Trust") (TSX VENTURE:TEP.UN) is pleased to announce today that it has confirmed its quarterly distribution of $0.021875 per unit. The distribution will be paid on January 15, 2016, in respect of the period from and including October 1, 2015 to December 31, 2015, to unitholders of record on December 31, 2015.
The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power. The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). All material information about the Trust may be found under Transeastern's issuer profile at www.sedar.com.
+1 (647) 987-7663
J. Colter Eadie
Chief Executive Officer
+40 736 372 724
Chief Financial Officer
+1 (416) 625-5064