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ALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES E PREFERRED SHARES
ALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES E PREFERRED SHARES Canada ...
About this update from Altagas Ltd.
[{"type":"text","content":"\n \n \n \n ALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES E PREFERRED SHARES\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 \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Nov. 21, 2023\n \n \n /CNW/ -\n \n AltaGas Ltd. (\"AltaGas\" or the \"Company\")\n \n (TSX: ALA.PR.E) announces its intention to redeem – in accordance with the terms of the Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series E (the \"Series E Shares\") as set out in the Company's articles – all of its 8,000,000 issued and outstanding Series E Shares on\n \n December 31, 2023\n \n (the \"Redemption Date\") for a redemption price equal to\n \n $25.00\n \n per Series E Share, together with all accrued and unpaid dividends to, but excluding, the Redemption Date (the \"Redemption Price\"), less any tax required to be deducted or withheld by the Company.\n \n \n As outlined in the\n \n November 10, 2023\n \n press release, AltaGas intends to use the net proceeds from the\n \n $200 million\n \n of 8.90% Fixed-to-Fixed Rate Subordinated Notes, Series 3 due\n \n November 10, 2083\n \n to redeem or repurchase its outstanding Series E Shares.\n \n \n The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series E Shares in accordance with the terms of the Series E Shares as set out in the Company's articles. Non-registered holders of Series E Shares should contact their broker or other intermediary for information regarding the redemption process for the Series E Shares in which they hold a beneficial interest. The Company's transfer agent for the Series E Shares is Computershare Investor Services Inc. Questions regarding the redemption process may be directed to Computershare Investor Services Inc. at 1-800-564-6253 or by email to\n \n [email protected].\n \n \n \n \n ABOUT ALTAGAS\n \n \n \n AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates...