Algonquin Power & Utilities Corp. Announces Dividend Rates on Cumulative Rate Reset Preferred Shares, Series D, and Cumulative Floating Rate Preferred Shares, Series E
Algonquin Power & Utilities Corp. Common Shares (AQN)
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm
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algonquinpower.com
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Source: PR Newswire
OAKVILLE, ON, March 1, 2019 /PRNewswire/ - Further to the news release of Algonquin Power & Utilities Corp. (TSX: AQN, AQN.PR.D) (NYSE: AQN) ("APUC" or the "Company") dated February 26, 2019, APUC announced today the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series D (the "Series D Preferred Shares") and Cumulative Floating Rate Preferred Shares, Series E (the "Series E Preferred Shares").With respect to any Series D Preferred Shares that remain outstanding after April 1, 2019, holders thereof will be entitled to receive quarterly fixed cumulative preferential cash dividends, if, as and when declared by the board of directors of the Company (the "Board"). The dividend rate for the 5-year period from and including March 31, 2019 to but excluding March 31, 2024 will be 5.091%, being equal to the 5-year Government of Canada bond yield determined as of today plus 3.28%, in accordance with the terms of the Series D Preferred Shares.With respect to any Series
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