- Atlantic Power Preferred Shareholders to receive C$22 per share (vs. $25 per share face value).
- Atlantic Power Preferred Shareholders will not be entitled to a pro rata dividend.
- Atlantic Power Preferred Shareholders are being treated the least favorably vs. all other parts of the capital structure.
- The quorum requirement is way less for Preferred Shareholders.
- Atlantic Power Preferred Shareholders should vote against the proposed takeover.
For further details see:
Atlantic Power: Preferred Shareholders Should Vote Against The Proposed Takeover Unless Better Terms Are Proposed