An anonymous director reports

ALGONQUIN POWER & UTILITIES CORP. ANNOUNCES REDEMPTION OF ITS 6.875 per cent FIXED-TO-FLOATING SUBORDINATED NOTES - SERIES 2018-A DUE 2078

On Nov. 6, 2023, Algonquin Power & Utilities Corp. will redeem all $287.5-million aggregate principal amount of its outstanding 6.875 per cent fixed-to-floating subordinated notes -- Series 2018-A due Oct. 17, 2078 (Cusip No. 015857 709).

The notes will be redeemed on the redemption date at a redemption price equal to the sum of 100 per cent of the aggregate principal amount of the notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. On and after the redemption date, interest will cease to accrue on the notes, the notes will cease to be outstanding, and the notes will be delisted from the New York Stock Exchange.

In order to collect the redemption price, holders of the notes must surrender their notes to the paying agent, Equiniti Trust Company LLC (formerly known as American Stock Transfer & Trust Company LLC).

About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities, parent company of Liberty, is a diversified international generation, transmission and distribution utility with over $17-billion of total assets. Algonquin is committed to providing safe, secure, reliable, cost-effective and sustainable energy and water solutions through its portfolio of electric generation, transmission and distribution utility investments to over one million customer connections, largely in the United States and Canada. In addition, Algonquin owns, operates and/or has net interests in over four gigawatts of installed renewable energy capacity.

We seek Safe Harbor.