DRIP

Dividend reinvestment plan (“DRIP”)

Innergex is pleased to offer its shareholders the opportunity to participate in its Dividend Reinvestment Plan (DRIP), which enables them to reinvest all or part of their cash dividends into additional shares of the Corporation in an efficient and cost effective manner.

As of August 5, 2015, Plan shares purchased under the DRIP will be issued from treasury and their purchase price will be the weighted-average trading price of its common shares on the Toronto Stock Exchange during the five (5) business days immediately preceding the dividend payment date.

Since the DRIP gives the Corporation the option of buying shares on the Canadian open market, issuing new shares from treasury, or choosing a combination of the two, any decision made by the Corporation to change either the purchase method for the shares or the discount granted on the purchase price of shares issued from treasury will be communicated by press release.

If you own your shares indirectly through a broker or financial institution, you must contact this intermediary and ask them to enrol in the DRIP on your behalf.

For more information about our DRIP, please contact Computershare, the DRIP administrator at:

Computershare Trust Company of Canada
100 University Avenue, 9th Floor, North Tower
Toronto ON M5J 2Y1
Attention: Dividend Reinvestment Department

1 800 564-6253 (toll free in North America) or
514 982-7555 (for the hearing impaired)
info@computershare.com
www.computershare.com/investorcentrecanada

More information about the DRIP

Dividend Reinvestment Plan for Shareholders (PDF)


Most frequently asked questions about the DRIP

  • What is the Dividend Reinvestment Plan?

    The Dividend Reinvestment Plan (the “Plan” or “DRIP”) enables eligible holders of common shares to acquire additional shares of Innergex Renewable Energy Inc. by reinvesting all or part of their cash dividends.

    Basically, eligible holders of common shares can elect to have all or some of their common shares of Innergex participate in the Plan. Dividends in relation to those common shares will be automatically reinvested in additional common shares of the Corporation.

  • Who is eligible to participate?

    Any registered shareholder of the Corporation who is a resident of Canada is eligible to enrol in the Plan directly at any time.

    Shareholders of the Corporation who are residents of Canada and hold their common shares through an intermediary (typically their broker or financial institution) are eligible to enrol in the Plan indirectly at any time by arranging for their intermediary to enrol and participate in the Plan on their behalf.

  • What are the advantages of the Plan?

    Shareholders who participate in the Plan pay no fees, such as brokerage commissions or service charges, when they acquire additional shares of the Corporation through the DRIP.*

    Participating registered shareholders will benefit from full reinvestment of their dividends into whole and fractional shares (calculated to six decimal places).*

    Once shareholders are enrolled in the Plan, dividend reinvestments will occur automatically until participation in the Plan is terminated.*

    Whole Plan shares can be withdrawn or sold at any time by participating registered shareholders.*

    Quarterly statements are mailed by Computershare to participating registered shareholders.*

    A discount may apply to shares purchased from treasury, at the Corporation’s discretion.

    Non-registered shareholders need to verify with the intermediary through which they hold their shares (typically their broker or financial institution) whether these advantages will apply to them as well.

  • How do I enrol in the Plan?

    Registered shareholders can enrol in the Plan at any time by completing an enrolment form and sending it to Computershare. To obtain an enrolment form, please contact Computershare at 1 800 564-6253, or access the form online at www.computershare.com, or send a written request to the address shown below.

    Registered shareholders can also enrol online by using Computershare’s self-service web portal, Investor Centre, atwww.computershare.com/investorcentrecanada.

    Non-registered shareholders may enrol in the Plan at any time by contacting the intermediary through which they hold their shares (typically their broker or financial institution) and requesting enrolment in the Plan on their behalf.

    A non-registered shareholder whose intermediary does not offer the possibility of enrolling in the Plan could become a registered shareholder by requesting from their intermediary a certificate for their shares, and could then enrol in the Plan by following the instructions for registered shareholders above.

  • Can I elect to reinvest a portion of my dividends and receive the rest in cash?

    Yes. Shareholders can elect to have all or some of their common shares of Innergex participate in the Plan, and the dividends in relation to those common shares will be reinvested in additional shares of the Corporation. Where no preference is indicated, 100% of a participant’s common shares will participate in the Plan.

  • Can I withdraw or sell shares held under the Plan?

    Participating registered shareholders may withdraw or sell whole common shares from their account under the Plan at any time without terminating their participation in the Plan by:

    • Following the instructions found on Computershare’s Investor Centre web portal at www.computershare.com/investorcentrecanada; or
    • Completing the withdrawal portion of the voucher located on the reverse of their quarterly statement of account and sending it to Computershare at the address shown below.

    Upon receipt of a duly completed request for the withdrawal of Plan shares, Computershare will issue to participants a Direct Registration System Advice (DRS) for the specified number of shares within ten (10) business days.

    Upon receipt of a duly completed request for the sale of Plan shares, Computershare will send participants a cheque payment for the proceeds of the specified sale (less any brokerage fees, administrative fees, and applicable taxes) within ten (10) business days.

    Non-registered shareholders should contact the intermediary participating in the Plan on their behalf (typically their broker or financial institution) to make arrangements with regard to the withdrawal or sale of Plan shares held for them.

    Please note: a business day is a day on which Computershare’s offices are open for business and excludes Saturday, Sunday, a statutory holiday in Quebec, and a day on which the Toronto Stock Exchange is not open for trading.

  • What are the tax consequences of participation in the Plan?

    The fact that dividends are invested under the terms of the Plan does not relieve participants of any liability for taxes that may be payable on such dividends.

    Generally, participants will be subject to tax under the Income Tax Act (Canada) on all dividends which are reinvested in common shares under the Plan, in the same manner as they would have been if they had received cash dividends directly.

    The cost of the new common shares will be averaged with the adjusted cost base of all common shares participants hold as capital property for purposes of subsequently computing the adjusted cost base of each common share they own.

    Additional information regarding income tax consequences of participating in the Plan can be found in the Plan itself, under the heading Income Tax. Participants are advised to consult with their own tax advisor to determine the particular tax consequences that may result from their participation in the Plan and the subsequent sale by them of shares purchased under to the Plan.