Ms. Kealey Martin reports
FORTIS INC. ANNOUNCES TERMINATION OF CONSUMER SHARE PURCHASE PLAN
Fortis Inc. intends to terminate its consumer share purchase plan (CSPP) effective Sept. 13, 2017. The CSPP is available to residents of Newfoundland and Labrador and Prince Edward Island and facilitates the investment by participants of cash and the reinvestment of dividends, in each case, to purchase common shares of the corporation. The CSPP exists alongside the corporation's dividend reinvestment and share purchase plan (DRIP), which provides the same benefits as the CSPP, but also provides for a 2-per-cent discount to the Toronto Stock Exchange market price for all common shares purchased by DRIP participants which are issued from treasury. The DRIP will continue to be available to all shareholders resident in Canada and the United States.
The corporation and Computershare Trust Company of Canada, the administrator of the CSPP, will mail a notice and related documentation to all current CSPP participants in the coming days. Fortis encourages each CSPP participant to elect to transfer the common shares held on their behalf under the CSPP to the DRIP, in order to receive the additional benefits available to DRIP participants. CSPP participants with questions relating to the termination of the CSPP should contact Computershare directly at 1-866-586-7638.
About Fortis
Inc.
Fortis is a leader in the North American regulated electric and gas utility industry with total assets of approximately $48-billion as of June 30, 2017. The corporation's 8,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.