Algonquin Power opts not to convert series A preferred shares
Insight Weekly: Loan delinquencies up; US money supply falls; coal employment grows
Insight Weekly: Loan-to-deposit ratio rises; inventory turnovers ebb; miners add female leaders
Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up
Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps
Algonquin Power & Utilities Corp. said it will not convert any of its 4.8 million series A cumulative five-year rate reset preferred shares into series B cumulative floating-rate preferred shares Dec. 31.
The company said in a Dec. 21 release that the tendered series A preferred shares were less than the 1 million, which did not satisfy the conversion prerequisite.
