CANADIAN UTILITIES LIMITED ANNOUNCES REDEMPTION OF CUMULATIVE REDEEMABLE SECOND PREFERRED SHARES SERIES FF

Executive Summary

• Canadian Utilities Limited announced the redemption of all outstanding Cumulative Redeemable Second Preferred Shares Series FF on December 1, 2025 at $25.00 per share, costing approximately $250 million.
• The redemption will be funded from available cash and includes a final quarterly dividend of $0.28125 per Series FF Share payable on the same date.
• No accrued or unpaid dividends will remain after the redemption; the sole registered holder has been notified, and non‑registered holders are directed to contact their brokers.

Key Details

• Redemption Price: $25.00 per Series FF share.
• Total Redemption Cost: ~$250 million (aggregate).
• Redemption Date: December 1, 2025.
• Final Quarterly Dividend: $0.28125 per Series FF share, payable on December 1, 2025 to holders of record November 6, 2025.
• Funding Source: Available cash balances of Canadian Utilities Limited.
• Shareholder Notification: Notice provided today to the sole registered holder; non‑registered holders instructed to contact brokers/intermediaries.
• Transfer Agent: TSX Trust Company (contact: 1‑800‑387‑0825, [email protected]).
• Impact on Capital Structure: Complete redemption of Series FF preferred shares eliminates this class from the company’s capital structure and removes associated dividend obligations.

Notable Quotes

(No direct quotes were included in the release.)