The Empire District Electric Company Sets Payment Date and Amount of Special Pro-Rated Dividend
01 Janvier 2017 - 5:35PM
Business Wire
Pursuant to the closing today of the merger of The Empire
District Electric Company (the “Company”) with Liberty Sub Corp., a
subsidiary of Liberty Utilities (Central) Co., and an indirect
subsidiary of Algonquin Power & Utilities Corp. (NYSE: AQN,
TSX: AQN), the Company has established January 10, 2017 as the
payment date for the special pro-rated dividend declared December
22, 2016 by the Company’s Board of Directors. The amount of
the dividend is $0.088567 per share, payable to shareholders of
record as of December 30, 2016. The pro-rated dividend is
the daily equivalent of the Company’s current quarterly dividend
rate of $0.26 per share, calculated from December 1, 2016 (the
prior dividend record date) through December 31, 2016, the day
prior to the effective day of the merger.
Based in Joplin, Missouri, The Empire District Electric Company
is a 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. On January 1, 2017, Algonquin Power &
Utilities Corp. (“APUC”) (TSX: AQN, NYSE: AQN) announced that a
subsidiary of APUC’s wholly owned regulated utility business,
Liberty Utilities, completed its acquisition of The Empire District
Electric Company. Empire is now a wholly-owned subsidiary of
Liberty Utilities and ceases to be a publicly-held corporation.
Shareholders can visit Algonquin Power & Utilities Corp’s
Investor Centre here:
http://investors.algonquinpower.com/corporateprofile.aspx?iid=4142273
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, 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/20170101005017/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
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