Stocks in play: Canadian Utilities

Has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, and including TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial and iA Private Wealth Inc. The underwriters have agreed to buy 7,000,000 4.75% Cumulative Redeemable Second Preferred Shares Series HH at a price of $25.00 per share for aggregate gross proceeds of $175,000,000. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes. Canadian Utilities shares T.CU are trading down $0.14 at $35.48.

Read:

• Innovations in Plant-Based Protein Products Supplying the Food Industry’s Strongest Trends

• Dogecoin Set to Deliver Long Term, as Major Businesses Make Moves to Accept it as Payment

• Crypto Miners Making Gains on Rising Waves for Bitcoin, Ethereum, Dogecoin and More

• Hedge-Like Properties of Bitcoin and Other Digital Currencies are Driving Crypto Mining Stocks Up

• Shortages of Covid-19 Tests Creates Accelerated Demand for New Diagnostic Technology