Algonquin Power & Utilities 6.20% Fixed-to-Floating Rate Subordinated Notes Series 2019-A due 7/1/2079
By: Tim McPartland,
Date Issued 5/16/2019
Shares Issued 14,000,000 Overallotment Shares 0
S&P Rating BB+ Moodys Rating NR
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Security Ticker Symbol AQNB
Market Traded ON NYSE
Interest Payment Paid the 1st of January, April, July and October beginning on 7/1/2019
Quarterly Interest . 388 Annual Interest 1.55
Securities may be redeemed, at the issuers option, as early as 7/1/2024 for a redemption price of $25/share plus accrued interest
Payments are NOT a Qualified Distribution–payments are interest not dividends
Maturity Date 7/1/2079
Click Here to find the offering prospectus
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
