The Toronto Stock Exchange reports that Innergex Renewable Energy Inc.'s common shares (symbol INE), cumulative rate reset preferred shares, Series A (symbol INE.PR.A), cumulative redeemable fixed rate preferred shares, Series C (symbol INE.PR.C), and 4.65 per cent convertible unsecured subordinated debentures due Oct. 31, 2026 (symbol INE.DB.C), will be delisted at the close on July 22, 2025. According to the TSX, Caisse de depot et placement du Quebec acquired all of the issued and outstanding common shares and preferred shares pursuant to a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. In addition, all issued and outstanding convertible debentures were repaid in full upon completion of the arrangement.

Common shareholders, other than rollover shareholders in respect of the rollover shares, will receive $13.75 in cash per common share held. Series A preferred shareholders will receive $25 in cash per Series A preferred share held (in addition to: (a) a cash amount per Series A preferred share equal to all accrued and unpaid dividends as of the effective date of the arrangement; and (b) a cash amount per Series A preferred share equal to the dividends that would have been payable in respect of a Series A preferred share from (and including) the effective date to (and excluding) Jan. 15, 2026, as if the Series A preferred shares had remained outstanding during this period). Series C preferred shareholders will receive $25 in cash per Series C preferred share held (in addition to a cash amount per Series C preferred share equal to all accrued and unpaid dividends as of the effective date of the arrangement). Holders of convertible debentures will receive, for each $1,000 principal amount of convertible debentures issued and outstanding, a cash amount equal to $1,000 plus accrued and unpaid interest to (but not including) the effective date of the arrangement at the interest rate set forth in the applicable trust indenture, less any applicable withholdings.

The TSX notes that registered holders must return a letter of transmittal for their common shares, preferred shares and/or convertible debentures, as applicable, together with certificates and/or DRS advices representing common shares, preferred shares and/or convertible debentures, to Computershare Investor Services Inc. at its principal offices in Toronto. Beneficial owners holding common shares, preferred shares and/or convertible debentures through an intermediary must contact that intermediary for instructions and assistance, and follow any instructions provided by such intermediary.

For more information, see the company's management information circular dated March 21, 2025, as well as the TSX bulletin dated July 16, 2025, regarding the commencement of trading of the convertible debentures ono an interest-flat basis..