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Article: Algonquin Power announces mailing date for trust-to-corporation exchange information.
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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The Trustees of Algonquin Power Income Fund (the "Fund") (TSX: APF.UN) announced that the exchange offers for units and convertible debentures of the Fund previously announced on June 12, 2009 will be mailed to unitholders and debentureholders on Monday, September 21, 2009. Under the proposed conversion arrangement which is structured as an exchange offer, unitholders can exchange their trust units of the Fund, on a one-for-one basis, for common shares of a corporation ("Algonquin Power Inc."), and debentureholders can exchange their Fund debentures for debentures issued by Algonquin Power Inc. In addition, an election is available to certain debentureholders to exchange ...