CALGARY, AB, Aug. 29, 2025/ CNW/ – AltaGas Ltd. (” AltaGas” or the “Business”) ALA ALA reveals its intent to redeem all of its 6,746,679 released and impressive Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (the “Series A Shares”) and all of its 1,253,321 released and impressive Cumulative Redeemable Drifting Rate Preferred Shares, Series B (the “Series B Shares” and, together with the Series A Shares, the “Preferred Shares”) in accordance with the regards to the Series A Shares and Series B Shares as set out in the Business’s short articles on September 30, 2025 (the “Redemption Date”).
AltaGas will redeem the Preferred Shares for a redemption cost equivalent to $ 25.00 per Series A Share and $ 25.00 per Series B Share (the “Redemption Rate”), less any tax needed to be subtracted or kept by the Business. The overall redemption cost to AltaGas will be $ 200 million
As formerly revealed, the dividend payable on September 29, 2025 to holders of the Preferred Shares of record on September 16, 2025, will be $ 0.19125 per Series A Share and $ 0.33422 per Series B Share. This will be the last quarterly dividend on the Preferred Shares. Upon payment of the September 29, 2025 dividend, there will be no accumulated and unsettled dividends on the Preferred Shares as at the Redemption Date.
The Business has actually offered notification today of the Redemption Rate and the Redemption Date to the sole signed up holder of the Preferred Shares in accordance with the regards to the Series A Shares and Series B Shares, as set out in the Business’s short articles. Non-registered holders of Series A Shares or Series B Shares must call their broker or other intermediary for info relating to the redemption procedure for the Series A Shares and Series B Shares in which they hold an advantageous interest.
The Business’s transfer representative for the Series A Shares and Series B Shares is Computershare Financier Solutions Inc. Concerns relating to the redemption procedure might be directed to Computershare Financier Solutions Inc. at 1-800-564-6253 or by e-mail to corporateactions@computershare.com.
ABOUT ALTAGAS
AltaGas is a leading North American facilities business that links consumers and markets to budget-friendly and trusted sources of energy. The Business runs a varied, lower-risk, high-growth Energies and Midstream organization that is concentrated on providing resistant and resilient worth for its stakeholders.
To learn more see www.altagas.ca or connect to among the following:
Jon Morrison
Senior Vice President, Corporate Advancement and Financier Relations
Jon.Morrison@altagas.ca
Aaron Swanson
Vice President, Financier Relations
Aaron.Swanson@altagas.ca
Financier Questions
1-877-691-7199
investor.relations@altagas.ca
Media Questions
1-403-206-2841
media.relations@altagas.ca
POSITIVE INFO
This press release includes positive info (positive declarations). Words such as “might”, “can”, “would”, “might”, “must”, “will”, “plan”, “strategy”, “prepare for”, “think”, “objective”, “look for”, “propose”, “ponder”, “quote”, “focus”, “make every effort”, “projection”, “anticipate”, “job”, “target”, “possible”, “unbiased”, “continue”, “outlook”, “vision”, “chance” and comparable expressions recommending future occasions or future efficiency, as they connect to the Business or any affiliate of the Business, are planned to recognize positive declarations. Particularly, this press release includes positive declarations with regard to, to name a few things, the payment of dividends to holders of the Series A Shares and Series B Shares and the redemption of the Series A Shares and Series B Shares consisting of the Redemption Date and the Redemption Rate.
These declarations include understood and unidentified dangers, unpredictabilities and other elements that might trigger real outcomes or occasions to vary materially from those prepared for in such positive declarations. Such positive declarations show AltaGas’ existing views with regard to future occasions based upon specific product elements and presumptions and go through specific dangers and unpredictabilities consisting of, without constraint, modifications in market, governmental and regulative advancements, basic financial conditions and other elements set out in AltaGas’ public disclosure files.
Numerous elements might trigger AltaGas’ real outcomes, efficiency or accomplishments to differ from those explained in this press release consisting of, without constraint, those noted above. These elements must not be interpreted as extensive. Ought to several of these dangers or unpredictabilities emerge, or must presumptions underlying positive declarations show inaccurate, real outcomes might differ materially from those explained in this press release as planned, prepared, prepared for, thought, looked for, proposed, approximated or anticipated, and such positive declarations speak just since the date of this press release. AltaGas does not plan, and does not presume any responsibility, to upgrade these positive declarations. The positive declarations consisted of in this press release are specifically certified by this cautionary declaration.
SOURCE AltaGas Ltd.