Business
Algonquin Power & Utilities Corp. Declares First Quarter 2019 Preferred Share Dividends
Algonquin Power & Utilities Corp. Declares First Quarter 2019 Preferred Share Dividend...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n\n\n\nAlgonquin Power & Utilities Corp. Declares First Quarter 2019 Preferred Share Dividends\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\nAlgonquin Power & Utilities Corp. Declares First Quarter 2019 Preferred Share Dividends\nCanada NewsWire\nOAKVILLE, ON, Feb. 28, 2019\n\n\n\nOAKVILLE, ON, Feb. 28, 2019 /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\") (TSX: AQN, AQN.PR.A, AQN.PR.D, NYSE: AQN, AQNA) announced today that the Board of Directors has declared the following preferred share dividends:\nC$0.32263 per Preferred Share, Series A, payable in cash on April 1, 2019, to Preferred Share, Series A holders of record on March 15, 2019 for the period from December 31, 2018 to, but excluding, March 31, 2019.C$0.3125 per Preferred Share, Series D, payable in cash on April 1, 2019,  to Preferred Share, Series D holders of record on March 15, 2019 for the period from December 31, 2018 to, but excluding, March 31, 2019.Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, APUC hereby notifies its Series A Preferred Shareholders and its Series D Preferred Shareholders that such dividends declared qualify as eligible dividends.\nAPUC recently announced that it does not intend to exercise its right to redeem its Cumulative Rate Reset Preferred Shares, Series D on April 1, 2019, and that as a result, subject to certain conditions, the holders of the Preferred Shares, Series D will have the right to convert such shares into Cumulative Floating Rate Preferred Shares, Series E. For further information, refer to the press release of the Company issued on February 26, 2019, which may be found on our corporate website at www.algonquinpowerandutilities.com and in our corporate filings, on SEDAR (https://sedar.com) and EDGAR (https://www.sec.gov/edgar.shtml).\nAll dollar amounts referenced herein are in U.S. dollars unless otherwise noted.\nAbout Algonquin Power & Utilities Corp.\nAPUC is a diversified generation, transmission and distribution utility with approximately $9 billion of total assets. Through its two business gro...