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CU Inc. Series 4 Preferred Shares holders cannot convert to Series 5 due to insufficient conversion requests.

Company Fundamentals
21 May 2026
Prnewswire
View Source
Neutral
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CU Inc. announced that holders of its Series 4 Preferred Shares are not entitled to convert these shares into Series 5 Preferred Shares because only about 625 shares were tendered for conversion, far below the one million shares required. The Series 4 Preferred Shares will continue to pay a fixed quarterly dividend at an annual rate of 4.573% from June 1, 2026, to June 1, 2031. This decision impacts investors expecting to switch to Series 5 shares and maintains the current dividend arrangement for Series 4 holders. CU Inc. is a subsidiary of Canadian Utilities Limited, operating in regulated electricity and natural gas utilities.

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