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AQNA - Algonquin Power & Utilities: 'I Can't Quit You Baby So I Had To Put You Down For A While'
Algonquin Power & Utilities Corp. 6.875% Fixed-to-Floating Rate Subordinated Notes Series 2018-A due October 17 2078
The year was 2006. One of my favorite Canadian stocks, the largest North American peat moss harvester, had just collapsed in the wake of the Halloween Massacre of Canadian Unit Trusts. I was talking to my broker, who is Canadian by birth, discussing the fallout. He mentioned a renewable power producer, Algonquin Power Income Fund, as a potential. It seems his dad is friends with the CEO and indicated the company should be a survivor and should do well over time. Algonquin Power Income Fund was formed in 1997 and began accumulating renewable power assets,