ALGONQUIN POWER & UTILITIES CORP. $11.64 (Toronto symbol AQN; Shares o/s: 256.2 million; Market cap: $3.0 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.7%; www.algonquinpower.com) saw Emera Inc. (Toronto symbol EMA) sell 50.1 million shares in the company at $10.85 each. That represents a 75% cut to Emera’s holdings in Algonquin, from 19.3% of outstanding shares to 4.9%.
Emera is a recommendation of The Successful Investor, our conservative growth advisory.
Proceeds of the sale—$544 million—will help Emera pay for its $10.4 billion U.S. purchase of Teco Energy. Meanwhile, it plans to keep a seat on Algonquin’s board and may participate in future share issues.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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