03:46 PM EST - Algonquin Power & Utilities Corp. : announced today that it will issue 4.8 million cumulative rate reset preferred shares, Series A at a price of $25.00 per share, for aggregate gross proceeds of $120 million, on a bought deal basis to a syndicate of underwriters in Canada led by Scotiabank and TD Securities Inc. Algonquin Power & Utilities Corp.
shares T.AQN are trading down $0.03 at $6.83.
