International Clean Power Dividend Fund Announces Distributions and Confirms Redemption Effective Date of March 27, 2024

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) — International Clean Power Dividend Fund (TSX: CLP.UN) (the “Fund”) is pleased to announce that distributions for the first quarter of 2024 will be payable to unitholders of International Clean Power Dividend Fund as follows:

On January 10, 2024, the Fund issued a press release (the “Press Release”) announcing its intention to merge into Infrastructure Dividend Split Corp. (the “Merger”), a split share corporation to be formed in connection with the Merger. Prior to the Merger, unitholders of the Fund will have the right to redeem their Fund units in accordance with the Fund’s Declaration of Trust with an effective redemption date as of March 27, 2024 (the “Redemption Date”). The Press Release incorrectly referred to the Redemption Date as being March 28, 2024. Unitholders who participate in the redemption will not be eligible for the distribution payable on April 15, 2024.

The trust units trade on the Toronto Stock Exchange under the symbol CLP.UN.

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This press release contains forward-looking information. The forward-looking information contained in this press release is based on historical information concerning distributions and dividends paid on the securities of issuers historically included in the portfolio of the Fund. Actual future results, including the amount of distributions paid by the Fund, may differ from the monthly distribution amount. Specifically, the income from which distributions are paid may vary significantly due to: changes in portfolio composition; changes in distributions and dividends paid by issuers of securities included in the Fund’s portfolio from time to time; there being no assurance that those issuers will pay distributions or dividends on their securities; the declaration of distributions and dividends by issuers of securities included in the portfolio will generally depend upon various factors, including the financial condition of each issuer and general economic and stock market conditions; the level of borrowing by the Fund; and the uncertainty of realizing capital gains. The risks, uncertainties and other factors that could influence actual results are described under “Risk Factors” in the Fund’s prospectus and other documents filed by the Fund with the Canadian securities regulatory authorities. The forward-looking information contained in this press release constitutes the Fund’s current estimate, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents the Fund’s estimate as of any date other than the date of this press release.