OAKVILLE, 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:
- C$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.
APUC 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).
All dollar amounts referenced herein are in U.S. dollars unless
otherwise noted.
About Algonquin Power & Utilities Corp.
APUC is a diversified generation, transmission and distribution
utility with approximately $9 billion
of total assets. Through its two business groups, APUC provides
rate regulated natural gas, water, and electricity generation,
transmission, and distribution utility services to over 768,000
connections in the United States,
and is committed to being a global leader in the generation of
clean energy through ownership of or investments in long-term
contracted wind, solar and hydroelectric generating facilities
representing over 2 GW of installed capacity. APUC delivers
continuing growth through an expanding pipeline of renewable
energy, electric transmission, and water infrastructure development
projects with a global focus, organic growth within its rate
regulated generation, distribution and transmission businesses, and
the pursuit of accretive acquisitions. APUC's common shares, Series
A preferred shares and Series D preferred shares are listed on the
Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and
AQN.PR.D. APUC's common shares and Series A subordinated notes are
also listed on the New York Stock Exchange under the symbols AQN
and AQNA.
Visit APUC at www.algonquinpowerandutilities.com and follow
us on Twitter @AQN_Utilities.
Caution Regarding Forward-Looking Information
Certain statements included in this news release constitute
''forward-looking information'' within the meaning of applicable
securities laws in each of the provinces of Canada and the respective policies,
regulations and rules under such laws and ''forward-looking
statements'' within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, ''forward-looking
statements"). The words "will", "intends", "expects" and similar
expressions are often intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Specific forward-looking statements
contained in this news release include statements with respect to
the payment of dividends on the common shares of APUC. These
statements are based on factors or assumptions that were applied in
drawing a conclusion or making a forecast or projection, including
assumptions based on historical trends, current conditions and
expected future developments. Since forward-looking statements
relate to future events and conditions, by their very nature they
require making assumptions and involve inherent risks and
uncertainties. APUC cautions that although it is believed that the
assumptions are reasonable in the circumstances, these risks and
uncertainties give rise to the possibility that actual results may
differ materially from the expectations set out in the
forward-looking statements. Material risk factors include those set
out in APUC's most recent annual and interim management's
discussion and analysis and most recent annual information form.
Given these risks, undue reliance should not be placed on these
forward-looking statements, which apply only as of the date hereof.
Other than as specifically required by law, APUC undertakes no
obligation to update any forward-looking statements to reflect new
information, subsequent or otherwise.
View original
content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-declares-first-quarter-2019-preferred-share-dividends-300804654.html
SOURCE Algonquin Power & Utilities Corp.