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Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D
Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumul...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n \n \n \n Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D\n \n \n Canada NewsWire\n \n \n \n \n \n \n OAKVILLE, ON\n \n \n ,\n \n \n March 19, 2024\n \n \n /CNW/ - Further to the press releases of Algonquin Power & Utilities Corp. (\"AQN\" or the \"Company\") (TSX: AQN) (NYSE: AQN) dated\n \n February 20, 2024\n \n and\n \n March 4, 2024\n \n , 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\n \n April 1, 2024\n \n into Cumulative Floating Rate Preferred Shares, Series E (the \"Series E Preferred Shares\") of the Company.\n \n \n \n \n \n \n \n \n \n During the conversion notice period which ran from\n \n March 4, 2024\n \n to\n \n March 18, 2024\n \n , 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.\n \n \n \n About Algonquin Power & Utilities Corp.\n \n \n \n Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility with approximately\n \n $18 billion\n \n 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\n \n the United States\n \n and\n \n Canada\n \n . I...