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Definity Financial Corporation Announces Increased Size of Previously Announced Private Placements of Common Shares to $385 million
Definity Financial Corporation Announces Increased Size of Previously Announced Private Placements of Common Shares to $385 million

Globe and Mail

time3 days ago

  • Business
  • Globe and Mail

Definity Financial Corporation Announces Increased Size of Previously Announced Private Placements of Common Shares to $385 million

/NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ WATERLOO, ON, May 28, 2025 /CNW/ - Definity Financial Corporation (TSX: DFY) announced today that it has increased the size of its previously announced private placements. Pursuant to the amended terms, the syndicate of underwriters, led by RBC Capital Markets as Sole Bookrunner (collectively the "Underwriters"), has agreed to purchase, on a bought deal basis, an aggregate of 4,631,000 common shares of Definity ("Common Shares") at an offering price of $66.65 per Common Share (the "Offering Price") for gross proceeds of approximately $309 million (the "Offering"). The Underwriters intend to arrange for substituted purchasers for the Common Shares being issued in the Offering.

Algonquin Power & Utilities Corp. Declares Second Quarter 2025 Common Share Dividend of U.S.$0.0650 (C$0.0897), and Declares Second Quarter 2025 Preferred Share Dividends
Algonquin Power & Utilities Corp. Declares Second Quarter 2025 Common Share Dividend of U.S.$0.0650 (C$0.0897), and Declares Second Quarter 2025 Preferred Share Dividends

National Post

time09-05-2025

  • Business
  • National Post

Algonquin Power & Utilities Corp. Declares Second Quarter 2025 Common Share Dividend of U.S.$0.0650 (C$0.0897), and Declares Second Quarter 2025 Preferred Share Dividends

Article content OAKVILLE, Ontario — Algonquin Power & Utilities Corp. ('AQN') (TSX: AQN, NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: Article content US$0.0650 per common share, payable on July 15, 2025, to the shareholders of record on June 30, 2025, for the period from April 1, 2025 to June 30, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0897. C$0.41100 per preferred share, Series A, payable in cash on June 30, 2025 to preferred share, Series A holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. C$0.42831 per preferred share, Series D, payable in cash on June 30, 2025 to preferred share, Series D holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. Article content Each of the foregoing dividends will be paid in cash. Article content The quarterly dividends payable on common shares are declared in U.S. dollars. Beneficial shareholders (those who hold common shares through a financial intermediary) who are resident in Canada or the United States may request to receive their dividends in either U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held. Unless the Canadian dollar equivalent is requested, holders of common shares will receive dividends in U.S. dollars, which, as is often the case, the financial intermediary may convert to Canadian dollars. Registered holders of common shares receive dividend payments in the currency of residency. Registered holders of common shares may opt to change the payment currency by contacting TSX Trust Company at 1-800-387-0825 prior to the record date of the dividend. Article content The Canadian dollar equivalent of the quarterly common share dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date. Article content Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, AQN hereby notifies holders of common shares, preferred shares, Series A, and preferred shares, Series D that such dividends declared qualify as eligible dividends. Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Article content Article content Contacts Article content Investor Inquiries: Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. 354 Davis Road, Oakville, Ontario, L6J 2X1 E-mail: InvestorRelations@ Telephone: (905) 465-4500 Article content Article content

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