Canadian Utilities Dividend Reinvestment Plan (DRIP)
The Canadian Utilities Dividend Reinvestment Plan (DRIP) allows eligible Class A and Class B share owners of Canadian Utilities to reinvest all or a portion of their dividends in additional Class A shares. Effective January 10, 2019, Canadian Utilities' DRIP was suspended, and then subsequently reinstated effective January 13, 2022.
Your ability to reinvest under the Plan may be restricted or suspended during the term of the Plan. The Corporation reserves the right to determine, for each Dividend Payment Date, the amount of new Class A shareholders' equity that will be available for purchase under the Plan on that date, and may from time to time suspend the Plan altogether.
If, for any Distribution Payment Date, the amount of new Class A shareholders' equity available for purchase is less than the number of DRIP Shares that would otherwise be issued under the Plan, then purchases of DRIP Shares on that date will be prorated and any cash dividends not reinvested as a result will be remitted in the ordinary manner.
Similarly, any cash dividends paid on Shares while the Plan is suspended that would, but for the suspension, have been reinvested under the Plan will instead be remitted in the ordinary manner.
TSX Trust Company (Canada) is our Registrar and transfer agent.
If you have questions regarding DRIP, you can reach out to the Plan Agent at TSX Trust Company as follows:
8:30 a.m. to 6:30 p.m. ET
Monday - Friday
Toll free in North America:
Outside of North America:
TSX Trust Company
P.O. Box 4229
Canada M5W 0G1
Attention: Dividend Reinvestment