Fortis Inc. ("
Fortis" or the
"
Corporation") (TSX/NYSE: FTS) announced today
that it has established an at-the-market equity program (the
"
ATM Program") that allows the Corporation to
issue up to C$500,000,000 (or its U.S. dollar equivalent) of common
shares (the "
Common Shares") from
treasury to the public from time to time, at the Corporation's
discretion. Any Common Shares sold in the ATM Program will be sold
through the Toronto Stock Exchange
(the "
TSX"), the New York Stock Exchange (the
"
NYSE") or any other marketplace on which the
Common Shares are listed, quoted or otherwise traded at the
prevailing market price at the time of sale.
The ATM Program provides Fortis with additional
financing flexibility to fund its capital program. The volume and
timing of distributions under the ATM Program, if any, will be
determined at the Corporation's sole discretion. The ATM Program
will be effective until December 22, 2024 unless terminated prior
to such date by the Corporation. Fortis intends to use the net
proceeds from the ATM Program, if any, for general corporate
purposes. As Common Shares sold in the ATM Program will be
distributed at the prevailing market price at the time of the sale,
prices may vary among purchasers during the period of the
distribution.
Distributions of the Common Shares through the
ATM Program will be made pursuant to the terms of an equity
distribution agreement dated
September 19, 2023 entered into with
CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia
Capital Inc. and TD Securities Inc., as Canadian agents, and CIBC
World Markets Corp., RBC Capital Markets, LLC, Scotia Capital (USA)
Inc. and TD Securities (USA) LLC, as U.S. agents (the
"Equity Distribution Agreement").
The ATM Program is being established pursuant to
a prospectus supplement dated
September 19, 2023 (the
"Prospectus Supplement") to the Corporation's
Canadian short form base shelf prospectus (the "Shelf
Prospectus") dated November 21, 2022 and pursuant to a
prospectus supplement dated
September 19, 2023 (the "U.S.
Prospectus Supplement") to the Corporation's U.S. base
prospectus (the "U.S. Base Prospectus") included
in its U.S. registration statement on Form F-10 (the
"Registration Statement") filed with the
Securities and Exchange Commission on November 21, 2022. The
Prospectus Supplement, the Shelf Prospectus and the Equity
Distribution Agreement are available on SEDAR+ at www.sedarplus.ca
and the U.S. Prospectus Supplement, the U.S. Base Prospectus and
the Registration Statement are available on EDGAR at www.sec.gov.
Alternatively, the agents will send copies of the Prospectus
Supplement and the Shelf Prospectus or the U.S. Prospectus
Supplement and the U.S. Base Prospectus, as applicable, upon
request by contacting in Canada:
CIBC World Markets
Inc., attn: Equity Capital Markets, 161 Bay Street, 5th Floor,
Toronto, Ontario, M5J 2S8, by email at
Mailbox.CanadianProspectus@cibc.com
RBC Dominion
Securities Inc., attn: Distribution Centre, RBC Wellington Square,
8th Floor, 180 Wellington Street West, Toronto, Ontario, M5J OC2,
by email at Distribution.RBCDS@rbc.com
Scotia Capital Inc.,
attn: Equity Capital Markets, 40 Temperance Street, 6th Floor,
Toronto, Ontario, M5H 0B4, by email at
equityprospectus@scotiabank.com
TD Securities Inc.,
attn: Symcor, NPM, 1625 Tech Avenue, Mississauga, Ontario, L4W 5P5,
by email at sdcconfirms@td.com or by phone at 289-360-2009
or in the U.S.:
CIBC World Markets
Corp., attn: David Williams, 300 Madison Avenue, Sixth Floor, New
York, New York 10017, by email at Mailbox.USProspectus@cibc.com
RBC Capital Markets,
LLC, attn: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
New York 10281-8098, by email at equityprospectus@rbccm.com or by
phone at 877-822-4089
Scotia Capital (USA)
Inc., attn: Equity Capital Markets, 250 Vesey Street, 24th Floor,
New York, New York 10281, by email at
equityprospectus@scotiabank.com
TD Securities (USA)
LLC, attn: Equity Capital Markets, 1 Vanderbilt Avenue, New York,
New York 10017, by email at TD.ECM_Prospectus@tdsecurities.com
This media release does not constitute an offer
to sell or the solicitation of an offer to buy the Common Shares,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Fortis
Fortis is a well-diversified leader in the North
American regulated electric and gas utility industry with 2022
revenue of $11 billion and total assets of $64 billion as at June
30, 2023. The Corporation's 9,200 employees serve utility
customers in five Canadian provinces, 10 U.S. states and three
Caribbean countries.
Fortis shares are listed on the TSX and NYSE and
trade under the symbol FTS. Additional information can be accessed
at www.sedarplus.ca or www.sec.gov.
Forward-Looking Information
Fortis includes “forward-looking information” in
this media release within the meaning of applicable Canadian
securities laws and “forward-looking statements” within the meaning
of the Private Securities Litigation Reform Act of 1995
(collectively referred to as “forward-looking information”).
Forward-looking information included in this media release reflects
expectations of Fortis' management regarding future growth, results
of operations, performance and business prospects and
opportunities. Wherever possible, words such as “anticipates”,
“believes”, “budgets”, “could”, “estimates”, “expects”,
“forecasts”, “intends”, “may”, “might”, “plans”, “projects”,
“schedule”, “should”, “target”, “will”, “would” and other similar
terminology or expressions have been used to identify the
forward-looking information, which includes, without limitation,
the aggregate value of Common Shares which may be issued pursuant
to the ATM Program and the Corporation's expected use of the net
proceeds of the ATM Program, if any.
Forward-looking information is subject to risks,
uncertainties and assumptions. Certain material factors or
assumptions have been applied in drawing the conclusions contained
in the forward-looking information. These factors or assumptions
are subject to inherent risks and uncertainties surrounding future
expectations generally, including those identified from time to
time in the forward-looking information. Fortis cautions readers
that a number of factors could cause actual results, performance or
achievements to differ materially from the results discussed or
implied in the forward-looking information. These factors should be
considered carefully and undue reliance should not be placed on the
forward-looking information. For additional information with
respect to certain of these risks or factors and risk factors
relating to the Common Shares, reference should be made to the
Corporation's prospectus supplement filed on September 19, 2023,
together with the short form base shelf prospectus to which it
relates dated November 21, 2022, and the continuous disclosure
materials filed from time to time by Fortis with Canadian
securities regulatory authorities and the Securities and Exchange
Commission. All forward-looking information included in this media
release is given as of the date of this media release and, except
as required by law, we undertake no obligation to revise or update
any forward-looking information, as a result of new information,
future events or otherwise.
For more information, please contact:
Investor Enquiries:Ms. Stephanie AmaimoVice
President, Investor RelationsFortis
Inc.248.946.3572investorrelations@fortisinc.com |
Media Enquiries:Ms. Karen McCarthyVice President,
Communications & Government RelationsFortis
Inc.709.737.5323media@fortisinc.com |
A .pdf version of this press release is available
at: http://ml.globenewswire.com/Resource/Download/c711bd2f-38c1-48f8-a578-e793d2f960a4
Fortis (TSX:FTS)
과거 데이터 주식 차트
부터 8월(8) 2024 으로 9월(9) 2024
Fortis (TSX:FTS)
과거 데이터 주식 차트
부터 9월(9) 2023 으로 9월(9) 2024