CZP.PR.A & CZP.PR.B: Ticker Change to AZP.PR.A & AZP.PR.B

Atlantic Power has announced:

Capital Power Income L.P. (the Partnership) and CPI Preferred Equity Ltd. (TSX: CZP.PR.A and CZP.PR.B) (the Corporation), subsidiaries of Atlantic Power Corporation (Atlantic Power), announced that the Partnership has changed its name to “Atlantic Power Limited Partnership” and the Corporation has changed its name to “Atlantic Power Preferred Equity Ltd.”.

In connection with the Corporation’s name change, the Cumulative Redeemable Preferred Shares, Series 1 of the Corporation and the Cumulative Rate Reset Preferred Shares, Series 2 of the Corporation (which prior to the name change traded on the Toronto Stock Exchange under the symbols “CZP.PR.A” and “CZP.PR.B”, respectively), will begin trading on the Toronto Stock Exchange under the symbols “AZP.PR.A” and “AZP.PR.B”, respectively. It is expected that the preferred shares of the Corporation will begin trading on the Toronto Stock Exchange under the new symbols at the opening of business on or about February 7, 2012.

The name changes were made in connection with the acquisition of the Partnership by Atlantic Power completed on November 5, 2011.

These issues were last mentioned on PrefBlog when they were downgraded to P-4(low) by S&P. I also noted the DBRS update on January 31.

Both these issues are tracked by HIMIPref™ but are relegated to the Scraps index on credit concerns.

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