trending Market Intelligence /marketintelligence/en/news-insights/trending/kRgR1rfmDGLEeESKHE-xkw2 content esgSubNav
In This List

Algonquin Power opts not to convert series D preferred shares

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Case Study

A Large Energy Company Manages its Exposure with Robust Tools to Assess Creditworthiness and Set Credit Limits

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback


Algonquin Power opts not to convert series D preferred shares

Algonquin Power & Utilities Corp. announced March 21 that none of its outstanding 4 million cumulative rate reset preferred shares, series D, will be converted on April 1.

During the conversion notice period for the shares, which ran from March 1 to March 15, less than 1 million series D preferred shares were tendered for conversion into series E cumulative floating rate preferred shares. Algonquin will not issue series E preferred shares at this time, according to a company news release.