|By Marketwired .||
|March 31, 2014 12:34 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/31/14 -- Solar Flow-Through 2012-I Limited Partnership ("Solar Flow-Through") announces that that the company is making its first dividend distribution to unit holders as of today, March 31, 2014. In February 2014, Solar Flow-Through announced its intention to pay distributions of 2% to its unit holders at the end of each calendar quarter. This initial distribution will be an adjusted distribution for the two months (i.e. February 2014 and March 2014) of the three-month period ending March 31, 2014. Subsequently, distributions of 2% are expected to be paid to unit holders at the end of each calendar quarter for the 20-year life of the company's Ontario Power Authority ("OPA") Small Feed-in-Tariff ("Small FIT") Small FIT contracts. Solar Flow-Through may make an additional distribution within sixty days of each calendar year end if Solar Flow-Through has earned net-income over and above 8% per annum.
"This payment represents the first of many dividends and marks a major milestone for Solar Flow-Through," said Matt Wayrynen, president & CEO. "We are very pleased to see our vision for the company being realized. Looking ahead, we anticipate bringing new solar projects online and generating a steady revenue stream for our unit holders."
Solar Flow Through raised $2,857,000 with its final financial closing in December 2012. The proceeds were to be used to secure OPA Small FIT contracts to develop and operate solar projects to produce electricity at a guaranteed rate over twenty years.
The investment objective of Solar Flow-Through is to develop and operate solar power generation projects in the Province of Ontario in a manner that provides for income tax deductions to investors during the start-up, development and construction phases, and steady income upon commencement of commercial operations. Solar Flow-Through has a targeted income distribution to its unit holders of 8% per annum beginning in February 2014, being 13 months after the December 2012 close.
About Solar Flow-Through 2012-I Limited Partnership
Solar Flow-Through, a Canadian-based partnership with offices in Vancouver and Toronto, was formed to develop and operate solar PV power generation projects in the Province of Ontario. For more information, visit www.solarflowthrough.com.
ON BEHALF OF THE BOARD:
Matt Wayrynen, CEO
Solar Flow-Through 2012-I Limited Partnership
Sep. 30, 2016 09:00 PM EDT Reads: 2,805
Sep. 30, 2016 09:00 PM EDT Reads: 4,040
Sep. 30, 2016 08:45 PM EDT Reads: 456
Sep. 30, 2016 08:30 PM EDT Reads: 3,191
Sep. 30, 2016 08:30 PM EDT Reads: 447
Sep. 30, 2016 08:15 PM EDT Reads: 741
Sep. 30, 2016 08:00 PM EDT Reads: 1,561
Sep. 30, 2016 07:30 PM EDT Reads: 554
Sep. 30, 2016 07:15 PM EDT Reads: 5,406
Sep. 30, 2016 07:15 PM EDT Reads: 462
Sep. 30, 2016 07:15 PM EDT Reads: 448
Sep. 30, 2016 07:00 PM EDT Reads: 2,454
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 30, 2016 06:45 PM EDT Reads: 745
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 30, 2016 06:30 PM EDT Reads: 2,907
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Sep. 30, 2016 06:15 PM EDT Reads: 1,624