AltaGas to redeem series E preferred shares on Dec. 31

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – AltaGas Ltd. gave notice on Tuesday that it intends to redeem all 8 million of its outstanding cumulative redeemable five-year rate reset preferred shares, series E, on Dec. 31 at C$25.00 per share plus accrued dividends, less any tax required, according to a news release.

The company plans to use proceeds from C$200 million of 8.9% fixed-to-fixed rate subordinated notes, series 3, due Nov. 10, 2083 to fund the redemption.

Computershare Investor Services Inc. is the transfer agent.

The energy infrastructure company is based in Calgary, Alta.

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