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

Oakville, on , dec. 19, 2023 /prnewswire/ - further to the press releases of algonquin power & utilities corp. ("aqn" or the "company") (tsx: aqn) (nyse: aqn) dated november 22, 2023 and december 4, 2023, the company announced today that none of its outstanding 4,800,000 cumulative rate reset preferred shares, series a (the "series a preferred shares") will be converted on january 2, 2024 into cumulative floating rate preferred shares, series b (the "series b preferred shares") of the company. during the conversion notice period which ran from december 4, 2023 to december 18, 2023, less than 1,000,000 series a preferred shares were tendered for conversion into series b preferred shares.
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