Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D

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Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D Canada NewsWire 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. View original content to download multimedia: https://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-announces-results-of-exercise-of-conversion-rights-of-cumulative-rate-reset-preferred-shares-series-d-302092041.html SOURCE Algonquin Power & Utilities Corp. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/19/c1442.html

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