Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s): T.AQN.P.D | AGQPF | AQN | T.AQN.P.A

Utilities Utilities - Diversified

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.

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Algonquin Power & Utilities Corp

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Comment by momyoon Oct 27, 2014 2:29pm

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Post# 23064802

RE:RE:RE:RE:RE:FYI >> Oct15th DRIP shares@$8.34

Weird but my drip price through RBC is quoted as $7.44USD. I haven't done the math on what exchange rate they used.

My understanding is that the drip price is the average share price during the quarter. This is great if the price has been increasing through the quarter, but sucks if the price has been decreasing - i.e in such cases you're paying higher than market through the drip. Though, they often give a 5% discount. On balance and over time you should be better off dripping than taking the cash and buying the shares yourself.

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