The Empire District Electric Company Declares Pro-Rated Dividend
23 Décembre 2016 - 12:15AM
Business Wire
(NYSE:EDE) The board of directors of The Empire
District Electric Company (the “Company”) today declared a special
pro-rated dividend in preparation for the expected closing of the
merger of the Company with Liberty Sub Corp. (the “Merger”),
pursuant to the Agreement and Plan of Merger among the Company,
Liberty Sub Corp. and Liberty Utilities (Central) Co., an indirect
subsidiary of Algonquin Power & Utilities Corp.
The Kansas Corporation Commission approved the Merger at its
meeting on December 22, 2016, completing the final required
regulatory approval and, accordingly, all conditions precedent to
completing the Merger have been fulfilled other than the customary
closing conditions. Closing is expected to occur on or about
January 1, 2017.
The board of directors declared a dividend of $0.002857 per
share, per day that will accrue from December 1, 2016 (the prior
dividend record date) until and including the day prior to the
effective day of the Merger, or until the next regularly scheduled
record date of March 1, 2017, whichever occurs first. The
pro-rated dividend is the daily equivalent of the current quarterly
dividend rate of $0.26 per share. This dividend will be
payable as soon as practicable following completion of the Merger
to shareholders of record at the close of business on the last
trading day prior to the effective day of the Merger. In the event
the Merger does not close by March 1, 2017, the next regularly
scheduled record date, a regular quarterly dividend of $0.26 per
share will be paid on the normal quarterly dividend payment date of
March 15, 2017, to shareholders of record as of the close of
business on March 1, 2017.
Based in Joplin, Missouri, The Empire District Electric Company
(NYSE:EDE) is an investor-owned, regulated utility providing
electric, natural gas (through its wholly owned subsidiary, The
Empire District Gas Company) and water service, with approximately
218,000 customers in Missouri, Kansas, Oklahoma, and Arkansas. A
subsidiary of the Company also provides fiber optic services.
Certain matters discussed in this press release are
“forward-looking statements” intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. Such statements address or may
address future plans, objectives, expectations and events or
conditions concerning various matters such as the pending
acquisition of Empire by Liberty Utilities (Central) Co. (Liberty
Central), an indirect subsidiary of Algonquin Power & Utilities
Corp. (APUC), capital expenditures, earnings, pension and other
costs, competition, litigation, our construction program, our
generation plans, our financing plans, rate and other regulatory
matters, liquidity and capital resources and accounting matters.
Actual results in each case could differ materially from those
currently anticipated in such statements, by reason of the factors
noted in the Company’s filings with the SEC, including the most
recent Form 10-K and 10-Q.
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version on businesswire.com: http://www.businesswire.com/news/home/20161222005833/en/
The Empire District Electric CompanyINVESTOR RELATIONSDale Harrington,
417-625-4222Director of Investor
Relationsdharrington@empiredistrict.comorMEDIA COMMUNICATIONSJulie Maus,
417-625-5101Director of Corporate
Communicationsjmaus@empiredistrict.com
Empire Electric (NYSE:EDE)
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