Atlantic Power Corp (ATPWF or ATP-UN.TO)

Atlantic Power is an interesting company involved in the power generation business. It consists of what is known as a stapled unit, which is comprised of an underlying interest in sub debt and an underlying interest in common stock; these are known as an Income Deposit Security (IDS), or other similar type names like Income Participating Security (IPS).

Earnings were announced today and were very strong. Cash flow available for dividend distributions increased over 500%. Currently, APC distributes $0.0884 per month, for a current yield of over 13%.

Recently, APC also announced a buyback program to repurchase up to 8% of the public float of outstanding IPS's.