Key Developments: Algonquin Power & Utilities Corp (AQN.TO)

AQN.TO on Toronto Stock Exchange

9.37CAD
12:12pm EDT
Change (% chg)

$-0.04 (-0.43%)
Prev Close
$9.41
Open
$9.39
Day's High
$9.40
Day's Low
$9.35
Volume
126,189
Avg. Vol
679,915
52-wk High
$10.51
52-wk Low
$7.50

Search Stocks

Latest Key Developments (Source: Significant Developments)

Algonquin Power & Utilities Corp declares first quarter 2015 dividends
Thursday, 5 Mar 2015 08:00pm EST 

Algonquin Power & Utilities Corp:Says that board of APUC has declared a dividend of $0.0875 per share on its common shares.Payable on April 15, to shareholders of record on March 31, for period from Jan. 1, to March 31.  Full Article

Algonquin Power & Utilities Corp completes $100 million bought deal offering of common shares
Thursday, 11 Dec 2014 08:28am EST 

Algonquin Power & Utilities Corp:Closes its previously announced bought deal offering of common shares of APUC.Under the terms of the Offering, APUC has issued 10,055,000 Common Shares at a price of C$9.95 per share for gross proceeds of bout $100 mln.Net proceeds of Offering will be used to partially finance certain of APUC's previously disclosed growth opportunities, reduce amounts outstanding on the credit facilities of APUC and/or its subsidiary entities, and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp announces $100 million bought deal offering of common shares
Tuesday, 2 Dec 2014 05:04pm EST 

Algonquin Power & Utilities Corp:Enters into an agreement with syndicate of underwriters led by Scotia Capital Inc. and CIBC World Markets Inc., under which the underwriters have agreed to buy, on a bought deal basis, 10,055,000 common shares at price of $9.95 per Common Share for gross proceeds of $100 mln.APUC has granted Underwriters an option, exercisable at the Offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15 pct of Offering to cover over-allotments, if any.Net proceeds of the Offering will be used to finance certain of APUC's previously disclosed growth opportunities, reduce amounts outstanding on APUC's credit facilities and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp to Partner with Kinder Morgan
Monday, 24 Nov 2014 08:48pm EST 

Algonquin Power & Utilities Corp:Says that it plans to participate in the development of Kinder Morgan's proposed Northeast Energy Direct (NED) natural gas pipeline project.Under the agreement, APUC will initially subscribe for a 2.5 pct. interest in Northeast Expansion LLC with an opportunity to increase its participation up to 10 pct.Says the total capital investment opportunity for APUC could be up to $400 million, depending on the final pipeline configuration and design capacity.  Full Article

Algonquin Power & Utilities Corp declares dividend
Thursday, 13 Nov 2014 08:15pm EST 

Algonquin Power & Utilities Corp:Says that it has declared a dividend of $0.0875 per share on its common shares.Says payable on Jan. 15, 2015 to the shareholders of record on Dec. 31, 2014 for the period from Oct. 1, 2014 to Dec. 31, 2014.  Full Article

Algonquin Power & Utilities Corp announces exercise of over-allotment option by underwriters
Friday, 26 Sep 2014 08:29am EDT 

Algonquin Power & Utilities Corp:Says the Underwriters of its recent public offering of 16,860,000 common shares have fully exercised the over-allotment option and acquired an additional 2,529,000 common shares at a price of $8.90 per common share.Says syndicate of underwriters co-led by CIBC World Markets and TD Securities and including BMO Capital Markets, National Bank Financial, RBC Capital Markets, Scotia Capital , Merrill Lynch Canada, Desjardins Capital Markets, Canaccord Genuity, and Cormark Securities.Says gross proceeds from the over-allotment option total about $22,508,100 mln.Says gross proceeds from the common share offering, including the over-allotment option, total about $172,562,100 mln.Says net proceeds will be used to finance certain of APUC's previously disclosed growth opportunities, including the recently announced Park Water utility, reduce amounts outstanding on APUC's credit facilities and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp. to acquire water utilities in California and Montana
Friday, 19 Sep 2014 05:58am EDT 

Algonquin Power & Utilities Corp:Enters into an agreement with Western Water Holdings to acquire the regulated water distribution utility Park Water Company.Owns and operates three regulated water utilities engaged in the production, treatment, storage, distribution, and sale of water in Southern California and Western Montana.Three utilities collectively serve about 74,000 customer connections and have more than 1,000 miles of distribution mains.Total consideration for the utility purchase is expected to be about US$327 mln.  Full Article

Algonquin Power & Utilities Corp completes C$150 mln bought deal offering of common shares
Tuesday, 16 Sep 2014 08:35am EDT 

Algonquin Power & Utilities Corp:Closes bought deal offering of common shares of APUC.Says under the terms of the offering, APUC has issued 16,860,000 common shares at price of C$8.90 per share for gross proceeds of C$150 million.Says net proceeds of the offering will be used to finance certain of APUC's previously disclosed growth opportunities, reduce amounts outstanding on APUC's credit facilities, and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp. announces acquisition of construction stage 200 MW Wind Project and $70 mln Investment by Emera
Thursday, 4 Sep 2014 04:58pm EDT 

Algonquin Power & Utilities Corp:Announced an agreement to acquire a construction stage 200 MW wind project in the United States.Odell wind power project ("Odell") is located in Cottonwood, Jackson, Martin, and Watonwan Counties in Minnesota and is being constructed on about 23,000 acres of land leased from a wind power supportive land owner group.Announced that in connection with the Odell project, Emera Inc has agreed to subscribe to a private placement of subscription receipts convertible into 7,865,170 APUC Common Shares, subject to regulatory approval, for total proceeds of about $70.0 million.Proceeds of the subscription receipts will be used to partially fund the acquisition and completion of Odell.  Full Article

Algonquin Power & Utilities Corp announces $150 mln bought deal offering of common shares
Thursday, 4 Sep 2014 04:56pm EDT 

Algonquin Power & Utilities Corp:Entered into an agreement with a syndicate of underwriters led by CIBC World Markets and TD Securities.Under which the underwriters have agreed to buy, on a bought deal basis, 16,860,000 common shares, at a price of C$8.90 per Common Share for gross proceeds of C$150 million.  Full Article

Search Stocks