Algonquin Power & Utilities Corp 6.875% Fixed to Floating Subordinated Notes 2018A due 2078
By: Tim McPartland,
Date Issued 10/10/2018
Shares Issued 10,000,000 Overallotment Shares 1,500,000
S&P Rating BB+ Moodys Rating NR
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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 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.
