The Toronto Stock Exchange reports that Fortis Inc. will list up to 13 million additional shares. As stated in its prospectus supplement dated March 26, 2018, to the short form base shelf prospectus dated Nov. 30, 2016, the company may sell shares to the public pursuant to the at-the-market distribution procedures as defined by National Instrument 44-102, Shelf Distributions.
According to the TSX, the ATM transactions will be made directly on the TSX, the New York Stock Exchange, or any other existing trading markets in Canada or the United States, during the period from March 26, 2018, to Dec. 30, 2018. As a result of the ATM procedures, the prices may vary between purchasers and during the period of distribution.
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