Topic: How To Invest

Hi Pat: I’m looking for stable income. Could I have your opinion on Northland Power?

Article Excerpt

Northland Power Income Fund, $10.40, symbol NPI.UN on Toronto (Units outstanding: 64.7 million; Market cap: $672.9 million), indirectly owns interests in 10 power projects that together generate over 1,100 megawatts of electricity. These include clean natural-gas-fired plants, as well as renewable wind and biomass projects. Northland Power yields 10.3%. The fund believes that it now has tax-deduction pools that, when combined with cash flow from its projects, will let it maintain its $1.08-per-unit distribution, even after Ottawa’s income-trust tax takes effect in 2011. Northland is okay to hold. ..