Algonquin Power & Utilities Corp extends dividend reinvestment plan to US
Written By: Katherine Demetre
August 24, 2017
Algonquin Power & Utilities Corp (APUC) recently announced that eligible shareholders resident in the United States would now able to enroll their common shares in APUC’s shareholder dividend reinvestment plan.
Per the company, the expansion of the Reinvestment Plan to include U.S. residents provided an additional means to deliver shareholder value to U.S. investors and was well aligned with the listing of APUC common shares for trading on the New York Stock Exchange.
The distribution of common shares under the Reinvestment Plan was registered under the U.S. Securities Act of 1933, and certain other administrative changes had also been made to facilitate the participation of residents of the United States. Shareholders resident in the United States should review the prospectus relating to the Reinvestment Plan, including the applicable income tax considerations and risk factors included therein.
Interested investors should complete, sign and return an enrollment form in order to become a dividend reinvestment plan participant.
According to the company, they are a North American diversified generation, transmission and distribution utility with $10 billion of total assets. Through its two business groups, APUC claims to provide rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States.