The Toronto Stock Exchange reports that Fortis Inc. will list additional shares on the TSX. As stated in the prospectus supplement dated Sept. 19, 2023, to the short form base shelf prospectus dated Nov. 21, 2022, the company will issue up to $500-million of shares to the public pursuant to the at-the-market (ATM) distribution procedures as defined in National Instrument 44-102, Shelf Distributions.
According to the TSX, the ATM sales will be
made directly on the TSX, the New York Stock
Exchange, or any other trading market for the shares in Canada
or the United States, during the period commencing on Sept. 19, 2023, and ending no later than Dec. 22, 2024. As a
result of the ATM procedures, prices may vary as between
purchasers and during the period of distribution.
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