CALGARY, AB, Aug. 22, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Firm”) (TSX: ALA) pronounces its intention to redeem – in accordance with the phrases of the Cumulative Redeemable 5-12 months Price Reset Most well-liked Shares, Sequence C (the “Sequence C Shares”) as set out within the Firm’s articles – all of its 8,000,000 issued and excellent Sequence C Shares on September 30, 2022 (the “Redemption Date”) for a redemption value equal to US$25.00 per Sequence C Share, along with all accrued and unpaid dividends to, however excluding, the Redemption Date (the “Redemption Value”), much less any tax required to be deducted or withheld by the Firm.

As outlined in an August 17, 2022 press launch, AltaGas intends to make use of the online proceeds from the $250 million of seven.35% Mounted-to-Mounted Price Subordinated Notes, Sequence 2 due August 17, 2082 to redeem or repurchase its excellent Sequence C Shares.

The Firm has offered discover in the present day of the Redemption Value and the Redemption Date to the only registered holder of the Sequence C Shares in accordance with the phrases of the Sequence C Shares as set out within the Firm’s articles. Non-registered holders of Sequence C Shares ought to contact their dealer or different middleman for data concerning the redemption course of for the Sequence C Shares by which they maintain a helpful curiosity. The Firm’s switch agent for the Sequence C Shares is Computershare Investor Companies Inc. Questions concerning the redemption course of could also be directed to Computershare Investor Companies Inc. at 1-800-564-6253 or by e mail to [email protected].

ABOUT ALTAGAS

AltaGas is a number one North American infrastructure firm that connects prospects and markets to reasonably priced and dependable sources of vitality. The Firm operates a diversified, lower-risk, high-growth Utilities and Midstream enterprise that’s centered on delivering resilient and sturdy worth for its stakeholders.

For extra data go to www.altagas.ca or attain out to one of many following:

Investor Inquiries
1-877-691-7199
[email protected] 

Media Inquiries
1-403-206-2841
[email protected] 

FORWARD-LOOKING INFORMATION

This information launch incorporates forward-looking statements. When used on this information launch, the phrases “might”, “would”, “might”, “will”, “intend”, “plan”, “anticipate”, “consider”, “search”, “suggest”, “estimate”, “anticipate”, and related expressions, as they relate to AltaGas, are meant to establish forward-looking statements. Particularly, this information launch incorporates forward-looking statements with respect to, amongst different issues, the cost of dividends and redemption of Sequence C Shares. These statements contain recognized and unknown dangers, uncertainties and different components which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. Such statements replicate AltaGas’ present views with respect to future occasions primarily based on sure materials components and assumptions and are topic to sure dangers and uncertainties, together with with out limitation, modifications in market competitors, governmental or regulatory developments, common financial circumstances and different components set out in AltaGas’ public disclosure paperwork. Many components might trigger AltaGas’ precise outcomes, efficiency or achievements to differ from these described on this information launch, together with with out limitation these listed above. These components shouldn’t be construed as exhaustive. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying forward-looking statements show incorrect, precise outcomes might differ materially from these described on this information launch as meant, deliberate, anticipated, believed, sought, proposed, estimated or anticipated, and such forward-looking statements included in, or integrated by reference on this information launch, shouldn’t be unduly relied upon. Such statements converse solely as of the date of this information launch. AltaGas doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements. The forward-looking statements contained on this information launch are expressly certified by this cautionary assertion.

SOURCE AltaGas Ltd.