Algonquin Power & Utilities Corp T.AQN

New Press Release - 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 ...read article.

[oilandgasmick]

To board members: For those people holding the preferred series A shares: Best not to convert to series B and just hold on to the A's? with a floating rate. Please offer a bit of advice as to what you intend to do. Thanks in advance for your help.

[marcrobert]

see below, option 1 is do nothing keep series A, that's what I'm doing, Series A gets a new fixed rate for 5 yrs until 2028 il be canada 5 yr + 293 bps Series B is floating, changes every quarter. The rate will be announced monday. 3) below - if you do nothing you keep Series A shares. If you go for series B then you hope rates to rise for the next 5 years. If they do we'll have a