NRG Yield Board Recommends Shareholders To Vote For Proposed Recapitalization

(RTTNews) - NRG Yield Inc. (NYLD) sent a letter to its stockholders regarding the proposed recapitalization of the company's outstanding common stock, which is subject to stockholder approval at the annual stockholder meeting on May 5, 2015.

In the the letter, the company expressed its belief that the recapitalization will enable it to: significantly extend ability to continue to pay a consistent and growing cash dividend to stockholders; maintain low cost of capital to fund future growth; and retain financial flexibility to issue equity or debt, or use cash on hand, to fund future acquisitions from NRG or third parties.