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

Oakville, on , feb. 20, 2024 /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 4,000,000 cumulative rate reset preferred shares, series d (the "series d preferred shares") on april 1, 2024. as a result, subject to certain conditions, the holders of the series d preferred shares have the right to convert all or part of their series d preferred shares, on a one-for-one basis, into cumulative floating rate preferred shares, series e (the "series e preferred shares") on april 1, 2024 (the "conversion date").
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