AltaGas to redeem all series C preferred shares on Sept. 30

By Mary-Katherine Stinson

Lexington, Ky., Aug. 22 – AltaGas Ltd. will redeem all 8 million of its issued and outstanding cumulative redeemable five-year rate reset preferred shares, series C on Sept. 30, according to a notice Monday.

The shares will be redeemed at a par of $25 per share plus all accrued interest less any tax considerations.

Questions may be directed to Computershare Investor Services Inc. (800-564-6253, corporateactions@computershare.com) as the transfer agent.

The redemption will be funded by the proceeds from the issuance of the company’s C$250 million of 7.35% fixed-to-fixed rate subordinated notes, series 2 due Aug. 17, 2082.

AltaGas is an energy infrastructure company based in Calgary, Alta.

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