Dividend Information

Common Stock Dividends

Dividends are paid monthly as determined by the Board. Dividends are at the discretion of the Board. In determining the dividend, the Board considers the Corporation’s financial performance, its results of operations, cash flow and needs with respect to financing ongoing operations and growth balanced against returning capital to shareholders. The board continues to focus on building sustainable earnings and cash flow growth.

Dividend Reinvestment Plan

On May 31, 2018, the Board of Directors approved the implementation of a dividend reinvestment plan (“DRIP”) for Canadian holders of common shares . Commencing with the dividend payable on July 31, 2018, to shareholders of record at the close of business on July 13, 2018, eligible shareholders may elect to automatically reinvest monthly dividends into additional common shares of TransAlta Renewables. The price for common shares purchased under the DRIP will be 98 per cent of the average market price of the common shares for the five trading days on which not less than 500 common shares of the Company are traded immediately prior to the dividend payment date. Common shares acquired under the DRIP will be issued from the treasury of TransAlta Renewables.

Below is a list of documents related to the DRIP:

• Dividend Reinvestment Plan

Eligible Dividends For Canadian Tax Purposes

TransAlta Renewables hereby advises all shareholders that all dividends paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of change is posted on this website. For more information regarding the designation of dividends, please refer to the Canadian Revenue Agency release dated December 20, 2006. If you have any questions regarding the taxation of eligible dividends, please contact your local office of the Canada Revenue Agency.

The dividends on the common shares are declared and paid at the discretion of the Board of Directors.  It is the practice of TransAlta Renewables to pay dividends on its common shares on or about the last business day of each calendar month, to shareholders of record as of the close of the mid-month business day of each calendar month. Dividends are paid in Canadian dollars.

Dividend History *

*Amounts in this table are presented in whole dollars to the nearest two decimal places

For More Information:

Shareholder inquiries regarding change of address, stock transfer, registered shareholdings, dividend or multiple copies of mailed material should be directed to AST Trust Company (Canada).

AST Trust Company (Canada)
P.O. Box 700, Station B
Montreal, QC H3B 3K3

Phone: 1-800-387-0825 toll free in North America
Phone: 01-416-682-3860 outside North America
Fax: 1-888-249-6189 in North America
Fax: 01-514-985-8843 outside North America

Email: inquiries@canstockta.com
Website: www.canstockta.com