Algonquin Power & Utilities Corp. Announces Results of Exercise of Conversion Rights of Cumulative Rate Reset Preferred Shares, Series D
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 21, 2019 /PRNewswire/ - Further to the press releases of Algonquin Power & Utilities Corp. (TSX:AQN, AQN.PR.D) (NYSE: AQN) ("APUC" or the "Company") dated February 26, 2019 and March 1, 2019, APUC 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, 2019, 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 1, 2019 to March 15, 2019, less than 1,000,000 Series D Preferred Shares were tendered for conversion into Series E Preferred Shares.As per the terms and conditions of the Series D Preferred Shares described in the prospectus supplement of the Company dated February 25, 2014 to a short form base shelf prospectus of the Company dated February 18, 2014 relating to the issuance of Series D Preferred Shares, since there would remain outstanding
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