trending Market Intelligence /marketintelligence/en/news-insights/trending/vjhchzytxwpsrngo2zqgkg2 content esgSubNav
In This List

Fortis launches C$500M at-the-market equity program

Blog

Insight Weekly: Earnings learnings; Duke Energy hits back; PE activity surges

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings


Fortis launches C$500M at-the-market equity program

Fortis Inc. plans to sell up to C$500 million of its common shares from time to time as part of its newly established at-the-market equity program.

The company said it will sell the shares through the Toronto Stock Exchange and the NYSE at the prevailing market price at the time of sale, according to a March 26 news release. The program is valid until Dec. 30.

Fortis intends to use sale proceeds for general corporate purposes.

Scotia Capital Inc., TD Securities Inc., Morgan Stanley Canada Ltd. and Wells Fargo Securities Canada Ltd. will serve as selling agents in Canada. Scotia Capital (USA) Inc., TD Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC will act as U.S. agents.