Capstone Infrastructure Enters into Agreement for iCON Infrastructure Partners III to Acquire all of the Common Shares of Capstone for $4.90 in Cash per Share

TORONTO, ONTARIO--(Marketwired - Jan 20, 2016) - Capstone Infrastructure Corporation ("Capstone" or the "Corporation") (CSE.TO) (CSE-DBA.TO) (CSE-PA.TO) (TSX:CPW.DB) announced today that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Irving Infrastructure Corp., a subsidiary of iCON Infrastructure Partners III, L.P. ("iCON III"), a fund advised by London, UK-based iCON Infrastructure LLP ("iCON Infrastructure"), that provides for the acquisition of all issued and outstanding common shares of Capstone and Class B exchangeable units of Capstone's subsidiary MPT LTC Holding LP for $4.90 cash per share or unit, as applicable. The acquisition will be completed by way of a plan of arrangement (the "Arrangement") under the British Columbia Business Corporations Act ("BCBCA"). The total equity value of the transaction is approximately $480 million.