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AltaGas will not convert series E preferred shares

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AltaGas will not convert series E preferred shares

AltaGas Ltd. will not convert any of its outstanding cumulative redeemable five-year rate reset preferred series E shares into cumulative redeemable floating-rate preferred series F shares on Dec. 31.

The tendered series E shares were less than the 1 million shares, which did not satisfy the conversion prerequisite, according to a company release.