OAKVILLE, ON, March 19,
2024 /CNW/ - Further to the press releases of
Algonquin Power & Utilities Corp. ("AQN" or the "Company")
(TSX: AQN) (NYSE: AQN) dated February 20,
2024 and March 4, 2024, the
Company announced today that none of its outstanding 4,000,000
Cumulative Rate Reset Preferred Shares, Series D (the "Series D
Preferred Shares") will be converted on April 1, 2024 into Cumulative Floating Rate
Preferred Shares, Series E (the "Series E Preferred Shares") of the
Company.
During the conversion notice period which ran from March 4, 2024 to March 18,
2024, less than 1,000,000 Series D Preferred Shares were
tendered for conversion into Series E Preferred Shares. As a
result, and consistent with the terms and conditions of the Series
D Preferred Shares, no Series E Preferred Shares will be issued and
holders of Series D Preferred Shares who tendered their Series D
Preferred Shares for conversion will not be entitled to convert
their Series D Preferred Shares into Series E Preferred Shares.
About Algonquin Power &
Utilities Corp.
Algonquin Power & Utilities Corp., parent company of
Liberty, is a diversified international generation, transmission,
and distribution utility with approximately $18 billion of total assets. AQN is committed to
providing safe, secure, reliable, cost-effective, and sustainable
energy and water solutions through its portfolio of generation,
transmission, and distribution utility investments to over one
million customer connections, largely in the United States and Canada. In addition, AQN owns, operates,
and/or has net interests in over 4 GW of installed renewable energy
capacity.
AQN's common shares, preferred shares, Series A, and preferred
shares, Series D are listed on the Toronto Stock Exchange under the
symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common
shares, Series 2019-A subordinated notes and equity units are
listed on the New York Stock Exchange under the symbols AQN, AQNB,
and AQNU, respectively.
Visit AQN at www.algonquinpower.com and follow us on
Twitter @AQN_Utilities.
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SOURCE Algonquin Power & Utilities Corp.
