Algonquin Power Reports Series D Rate Reset Conversion Results
Ticker: AQNB · Form: 6-K · Filed: Mar 19, 2024 · CIK: 1174169
| Field | Detail |
|---|---|
| Company | Algonquin Power & Utilities CORP. (AQNB) |
| Form Type | 6-K |
| Filed Date | Mar 19, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-shares, rate-reset, disclosure
TL;DR
Algonquin Power's Series D preferred shares had a rate reset conversion, details in new 6-K.
AI Summary
Algonquin Power & Utilities Corp. filed a Form 6-K on March 19, 2024, to report the results of a rate reset conversion for its Series D preferred shares. The filing includes a press release detailing this conversion.
Why It Matters
This filing informs investors about changes in the terms of Algonquin's preferred shares, which could impact dividend payments and the overall cost of capital for the company.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of rate reset conversion results for preferred shares, not indicating new financial distress or significant operational changes.
Key Players & Entities
- Algonquin Power & Utilities Corp. (company) — Registrant
- Series D (security) — Preferred shares undergoing rate reset conversion
- March 19, 2024 (date) — Filing date
FAQ
What is the purpose of this Form 6-K filing?
The purpose of this Form 6-K is to report the results of a rate reset conversion for Algonquin Power & Utilities Corp.'s Series D preferred shares, as detailed in an accompanying press release.
When was this Form 6-K filed?
This Form 6-K was filed on March 19, 2024.
What type of securities are affected by the rate reset conversion?
The Series D preferred shares of Algonquin Power & Utilities Corp. are affected by the rate reset conversion.
Where is Algonquin Power & Utilities Corp. headquartered?
Algonquin Power & Utilities Corp. is headquartered in Oakville, Ontario, Canada.
Does Algonquin Power & Utilities Corp. file annual reports under Form 20-F or Form 40-F?
Algonquin Power & Utilities Corp. indicates it files annual reports under Form 40-F.
Filing Stats: 216 words · 1 min read · ~1 pages · Grade level 14.5 · Accepted 2024-03-19 06:55:56
Filing Documents
- a6-kcoverseriesdrateresetc.htm (6-K) — 12KB
- aqn-seriesdrateresetconver.htm (EX-99.1) — 7KB
- image_1.jpg (GRAPHIC) — 18KB
- 0001174169-24-000024.txt ( ) — 45KB
From the Filing
COVER SERIES D RATE RESET CONVERSION RESULTS PRESS RELEASE Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 6-K _______________________ REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Date March 19, 2024 Commission File Number 001-37946 _______________________ Algonquin Power Utilities Corp. (Translation of registrant's name into English) _______________________ 354 Davis Road Oakville, Ontario, L6J 2X1, Canada (Address of principal executive offices) _______________________ Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F x Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) EXHIBIT INDEX The following exhibits are filed as part of this Form 6-K Exhibit Description 99.1 Press Release dated March 19, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ALGONQUIN POWER UTILITIES CORP. (registrant) Date March 19, 2024 By s Darren Myers Name Darren Myers Title Chief Financial Officer