Algonquin Power & Utilities Corp. Announces Redemption of its 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A

Algonquin Power & Utilities Corp., a leading international generation, transmission, and distribution utility, has announced the redemption of its 6.875% Fixed-to-Floating Subordinated Notes – Series 2018-A. The redemption date is set for November 6, 2023, and the company will redeem the entire $287,500,000 aggregate principal amount of the outstanding notes.

The redemption price will be equal to 100% of the aggregate principal amount of the notes, along with accrued and unpaid interest up to the redemption date. Following the redemption, the notes will no longer be outstanding and will be delisted from the New York Stock Exchange.

To collect the redemption price, holders of the notes must surrender their notes to the paying agent, Equiniti Trust Company, LLC, at the specified address in Brooklyn, NY.

Algonquin Power & Utilities Corp., with over $17 billion in total assets, is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions. The company serves over one million customer connections primarily in the United States and Canada. Additionally, Algonquin Power & Utilities Corp. owns and operates more than 4 GW of installed renewable energy capacity.

Investors can find Algonquin Power & Utilities Corp.’s common shares, preferred shares, and series of subordinated notes listed on the Toronto Stock Exchange and the New York Stock Exchange.

For more information about Algonquin Power & Utilities Corp., visit their website at www.algonquinpower.com or follow them on Twitter @AQN_Utilities.

Please note that forward-looking statements have been made in this press release, and actual results may differ materially from the expectations set out in these statements. Interested parties are advised to refer to the company’s Annual Information Form and Management Discussion & Analysis for a comprehensive understanding of the risks and assumptions associated with these forward-looking statements.

Overall, the redemption of the notes demonstrates Algonquin Power & Utilities Corp.’s commitment to managing its financial obligations and strengthening its position in the energy and utilities sector.