AltaGas Preferred Shares Press Release Summaries
This page contains AltaGas Preferred Shares Press Release Summaries. Click on the Press Release Date to view the entire news release.
|Symbol:||ALA.PR.I – Series I|
|Reset Date:||REDEEMED – December 31, 2020|
|Press Release Date:||Nov 20, 2020|
|Excerpt from Press release:||
CALGARY, AB, Nov. 20, 2020 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA)announces its intention to redeem – in accordance with the terms of the Cumulative Redeemable 5-YearMinimum Rate Reset Preferred Shares, Series I (the “Series I Shares”) as set out in the Company’s articles –all of its 8,000,000 issued and outstanding Series I Shares on December 31, 2020 (the “Redemption Date”)for a redemption price equal to $25.00 per Series I Share, together with all accrued and unpaid dividends to,but excluding, the Redemption Date (the “Redemption Price”), less any tax required to be deducted orwithheld by the Company
The Company has provided notice today of the Redemption Price and the Redemption Date to the soleregistered holder of the Series I Shares in accordance with the terms of the Series I Shares as set out in theCompany’s articles. Non-registered holders of Series I Shares should contact their broker or otherintermediary for information regarding the redemption process for the Series I Shares in which they hold abeneficial interest. The Company’s transfer agent for the Series I Shares is Computershare Investor ServicesInc. Questions regarding the redemption process may be directed to Computershare Investor Services Inc. at1-800-564-6253 or by email to firstname.lastname@example.org
|Symbol:||ALA.PR.A – Series A|
|Reset Date:||September 30, 2020|
|Press Release Date:||August 31, 2020|
|Excerpt from Press release:||With respect to any Series A Shares that are outstanding after the Conversion Date, holders shall be entitled to receive, as and when declared by the Board of Directors of AltaGas, fixed cumulative preferential cash dividends, payable quarterly. The new annual dividend rate applicable to the Series A Shares for the five-year period commencing on and including September 30, 2020 to, but excluding, September 30, 2025 will be 3.060 percent, being equal to the sum of the five-year Government of Canada bond yield determined as of today plus 2.66 percent.|
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