Algonquin Power & Utilities Corp 6.875% Fixed to Floating Subordinated Notes 2018A due 2078

By: ,

Date Issued  10/10/2018

Shares Issued  10,000,000     Overallotment Shares  1,500,000

S&P Rating  BB+   Moodys Rating   NR


Security Ticker Symbol  AQNA

Market Traded ON   NYSE

Interest Payment Paid the 17th of January, April, July and October beginning on 1/17/2019

Quarterly Interest   . 43   Annual Interest   1.72

Securities may be redeemed, at the issuers option, as early as 10/17/2023 for a redemption price of $25/share plus accrued interest

Payments are NOT a Qualified Distribution–payments are interest not dividends

Maturity Date  10/17/2078

Click Here to find the offering prospectus


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Tim McPartland
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.
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