Algonquin Power (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. has announced that their Cumulative Rate Reset Preferred Shares, Series D will not be converted to Series E as not enough shares were tendered for conversion. Holders of Series D shares who sought conversion will maintain their current shares, with no Series E shares being issued. The company, a diversified utility with assets worth about $18 billion, continues to focus on providing sustainable energy and water solutions.
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