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Altagas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Altagas Q2 adjusted FFO per share C$0.75
Thursday, 21 Jul 2016 07:45am EDT 

Altagas Ltd : Increased share dividend by $0.01/share per month to $2.10/share annualized beginning with September 15, 2015 payment, 6.1 percent increase . Continues to expect to deliver overall normalized ebitda growth of approximately 20 percent in 2016 compared to 2015 . Altagas continues to expect normalized funds from operations to grow by up to approximately 15 percent in 2016 . Non-utility workforce restructuring completed in June expected to reduce operating, administrative expenses by about $7 million on annualized basis . Liquids separation facility is expected to cost approximately $60 to $80 million . Altagas ltd. reports strong second quarter results and increases dividend 6.1 percent . Q2 adjusted FFO per share C$0.75 . In June, completed restructuring reducing non-utility workforce by about 10 percent;total pre-tax restructuring costs incurred were about $7 million . Expects to receive permits, reach final investment decision in 2016,operations to begin in first half of 2018 .In early stages of development of a liquids separation facility which will serve producers in deep basin region of northwest Alberta.  Full Article

AltaGas says Co and Halfway River First Nation sign relationship agreement
Thursday, 14 Jul 2016 12:20pm EDT 

Altagas Ltd:AltaGas Ltd - AltaGas Ltd and Halfway River First Nation signed a comprehensive relationship agreement.  Full Article

AltaGas Ltd. announces $400 million common share offering
Thursday, 26 May 2016 03:26pm EDT 

Altagas Ltd : AltaGas Ltd. announces $400 million common share offering . Net proceeds resulting from offering will be used to partially fund AltaGas' capital growth program .Agreement with underwriters issue 13.4 million common shares on a bought deal basis, at an issue price of $30.00 per common share.  Full Article

AltaGas implements premium dividend, dividend reinvestment and optional common share purchase plan
Tuesday, 17 May 2016 03:35pm EDT 

AltaGas Ltd : Implemented a premium dividend, dividend reinvestment and optional common share purchase plan . Plan allows board to set discount under dividend reinvestment component of plan at rate between 0 and 5 percent to average market price .Board of directors of altagas have set discount rate under dividend reinvestment component of plan at 3 percent to average market price.  Full Article

AltaGas Ltd announces sale of non-core gas assets
Tuesday, 2 Feb 2016 06:25pm EST 

AltaGas Ltd:Announces sale of non-core gas assets.Says total consideration to be received by Altagas is $30 million cash.Says total consideration to be received by Altagas is $30 million cash and 43.7 million common shares of tidewater.Units entered into agreement with tidewater midstream and infrastructure ltd to sell Altagas northcentral processing limited partnership.Assets being sold are located in central and north-central Alberta, total about 490 mmcf/d of gross licensed natgas processing capacity.  Full Article

AltaGas Ltd. Announces Monthly Dividend
Monday, 11 Jan 2016 08:45am EST 

AltaGas Ltd:Says January dividend will be paid on February 16, 2016, to common shareholders of record on January 25, 2016.The ex-dividend date is January 21, 2016.The amount of the dividend will be $0.165 for each common share.  Full Article

AltaGas Ltd. Announces Monthly Dividend
Thursday, 10 Dec 2015 08:45am EST 

AltaGas Ltd:Says that the December dividend will be paid on January 15, 2016, to common shareholders of record on December 29, 2015.The ex-dividend date is December 23, 2015.The amount of the dividend will be $0.165 for each common share.  Full Article

AltaGas Ltd increases size of preferred share offering
Thursday, 12 Nov 2015 03:22pm EST 

AltaGas Ltd:Says size of the offering has been increased to 8,000,000 Series I Preferred Shares, for aggregate gross proceeds of $200,000,000.  Full Article

AltaGas Ltd announces $100 million preferred share offering
Thursday, 12 Nov 2015 09:12am EST 

AltaGas Ltd:Will issue 4,000,000 Cumulative 5-Year Minimum Rate Reset Redeemable Preferred Shares, Series I at a price of $25.00 per Series I Preferred Share for aggregate gross proceeds of $100 million on a bought deal basis.Offering is expected to close on or about November 23.Net proceeds will be used to reduce outstanding indebtedness and for general corporate purposes.  Full Article

AltaGas Ltd signs definitive project agreement for Canadian West Coast Propane Export Site
Thursday, 29 Oct 2015 07:45am EDT 

AltaGas Ltd:entered into a definitive project agreement for the development of a propane export facility in British Columbia.AltaGas is negotiating other formal agreements and working to progress consultations with First Nations and stakeholders and to commence the regulatory and permitting process for the propane export facility.Preliminary engineering has been completed and a front end engineering and design study will be initiated shortly.Says export facility is expected to initially ship up to 1.2 million tonnes per annum.  Full Article

BRIEF-Altagas Q2 adjusted FFO per share C$0.75

* Increased share dividend by $0.01/share per month to $2.10/share annualized beginning with September 15, 2015 payment, 6.1 percent increase