Algonquin power & utilities corp. announces conversion rights for cumulative rate reset preferred shares, series a

Oakville, on , nov. 22, 2023 /prnewswire/ - algonquin power & utilities corp. ("aqn" or the "company") (tsx: aqn) (nyse: aqn) announced today that it does not intend to exercise its right to redeem all or part of the currently outstanding 4,800,000 cumulative rate reset preferred shares, series a (the "series a preferred shares") on january 2, 2024. as a result, subject to certain conditions, the holders of the series a preferred shares have the right to convert all or part of their series a preferred shares, on a one-for-one basis, into cumulative floating rate preferred shares, series b (the "series b preferred shares") on january 2, 2024 (the "conversion date").
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