| | | | | | | Alberta Securities Commission |
| | | | | | | FORM 13-501F1 |
| | | | | | | | CLASS 1 REPORTING ISSUERS and CLASS 3B REPORTING ISSUERS - |
| | | | | | | PARTICIPATION FEE |
| | | | | | | MANAGEMENT CERTIFICATION |
I, | , | | | | | | | | Darren Myers |
an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. |
(s) | | | | | | | | | Darren Myers | March 17, 2023 |
Name: | | Date: | | | | | | | Darren MyersChief Financial Officer |
Title: |
Reporting Issuer Name: | | | Algonquin Power & Utilities Corp. |
End date of previous financial year: | | December 31, 2022 |
Type of Reporting Issuer: | | | | | | Class 1 reporting issuer | Class 3B reporting issuer |
| | | | | | Toronto Stock Exchange (AQN, AQN.PR.A, AQN.PR.D) |
Highest Trading Marketplace: |
| | | New York Stock Exchange (AQNU) |
(refer to the definition of “highest trading marketplace” under ASC Rule 13-501 Fees ) |
Market value of listed or quoted securities:(in Canadian Dollars - refer to section 52 of ASC Rule 13-501 Fees ) |
Equity Symbol | | AQN |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | 1-Jan-2022 | to | | 31-Mar-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace |
| | | | | $19.390 (i) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period |
| | | | 674,110,190 (ii) |
Market value of class or series | | | | | (i) x (ii) = | $13,070,996,584.10 (A) |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | 1-Apr-2022 | to | | 30-Jun-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace |
| | | | | $17.300 (iii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period |
| | | | 675,649,146 (iv) |
Market value of class or series | | | | | (iii) x (iv) = | $11,688,730,225.80 (B) |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | 1-Jul-2022 | to | | 30-Sep-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace |
| | | | | $15.090 (v) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period |
| | | | 680,870,761 (vi) |
Market value of class or series | | | | | (v) x (vi) = | $10,274,339,783.49 (C) |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | 1-Jan-2022 | to | 31-Dec-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace |
| | | | $8.820 (vii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period |
| | | 683,614,803 (viii) |
Market value of class or series | | | | (vii) x (viii) = | $6,029,482,562.46 (D) |
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) |
| | | | | $10,265,887,288.96 | (1) |
Equity Symbol | | AQN.PR.A |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | 1-Jan-2022 | to | 31-Mar-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | | | | $24.750 (i) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | | | | 4,800,000 (ii) |
Market value of class or series | | | | (i) x (ii) = | $118,800,000.00 (A) |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under ASC Rule 13-501 Fees ) |
| 1-Apr-2022 | to | 30-Jun-2022 |
Closing price of the security in the class or series on the last |
trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | | | | $22.600 (iii) |
Number of securities in the class or series of such |
security outstanding at the end of the last trading day of |
the specified trading period | | | | 4,800,000 (iv) |
Market value of class or series | | | | (iii) x (iv) = | $108,480,000.00 (B) |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | 1-Jul-2022 | to | 30-Sep-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | | | | $20.840 (v) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | | | | 4,800,000 (vi) |
Market value of class or series | | | | (v) x (vi) = | $100,032,000.00 (C) |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | 1-Jan-2022 | to | 31-Dec-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $18.500 (vii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 4,800,000 (viii) |
Market value of class or series | (vii) x (viii) = | $88,800,000.00 (D) |
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) |
| | $104,028,000.00 | (2) |
Equity Symbol | | | | | AQN.PR.D |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | | 1-Jan-2022 | to | 31-Mar-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $25.330 (i) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 4,000,000 (ii) |
Market value of class or series | (i) x (ii) = | $101,320,000.00 (A) |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | | 1-Apr-2022 | to | 30-Jun-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $23.860 (iii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 4,000,000 (iv) |
Market value of class or series | (iii) x (iv) = | $95,440,000.00 (B) |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | | 1-Jul-2022 | to | 30-Sep-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $21.990 (v) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 4,000,000 (vi) |
Market value of class or series | (v) x (vi) = | $87,960,000.00 (C) |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under |
ASC Rule 13-501 Fees ) | | | | 1-Jan-2022 | to | 31-Dec-2022 |
Closing price of the security in the class or series on the last |
trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $18.700 (vii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 4,000,000 (viii) |
Market value of class or series | (vii) x (viii) = | $74,800,000.00 (D) |
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) |
| | $89,880,000.00 | (3) |
Equity Symbol | | | | | AQNU |
(The values for the closing prices of the Corporation's Equity Units, which trade on the NYSE in U.S. dollars, have been calculated based on the Bank of Canada |
U.S. dollar rate on each of the last days of the specified trading periods.) |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC |
Rule 13-502 Fees ) | | | | 1-Jan-2022 | to | 31-Mar-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $61.930 (i) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 23,000,000 (ii) |
Market value of class or series | (i) x (ii) = | $1,424,390,000.00 (A) |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC |
Rule 13-502 Fees ) | | | | 1-Apr-2022 | to | 30-Jun-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $56.390 (iii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 23,000,000 (iv) |
Market value of class or series | (iii) x (iv) = | $1,296,970,000.00 (B) |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC |
Rule 13-502 Fees ) | | | | 1-Jul-2022 | to | 30-Sep-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | $51.900 (v) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | 23,000,000 (vi) |
Market value of class or series | (v) x (vi) = | $1,193,700,000.00 (C) |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC |
Rule 13-502 Fees ) | 1-Jan-2022 | to | 31-Dec-2022 |
Closing price of the security in the class or series on the last trading day of the specified trading period in which such |
security was listed or quoted on the highest trading marketplace | | | | $32.330 (vii) |
Number of securities in the class or series of such security outstanding at the end of the last trading day of |
the specified trading period | | | 23,000,000 (viii) |
Market value of class or series | | | | (vii) x (viii) = | $743,590,000.00 (D) |
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) |
| | | | | $1,164,662,500.00 | (4) |
Fair value of outstanding debt securities: |
Details of how value was determined provided below | | | | | $1,895,580,301.00 | (5) |
Capitalization for the previous financial year | | (1) + (2) + (3) + (4) + (5) | | | $13,520,038,089.96 |
Participation Fee |
(For Class 1 reporting issuers (Paragraph 15(1)(a)), from Appendix A of | | | | | | | $42,500 |
ASC Rule 13-501 Fees , select the participation fee) |
(For Class 3B reporting issuers (Paragraph 15(1)(c)), from Appendix B of | | | | | | $0 |
ASC Rule 13-501 Fees , select the participation fee) |
Late Fee, if applicable | | | | | | | $0.00 |
(As determined under section 34(1) of ASC Rule 13-501 Fees ) |
Total Fee Payable | | | | | $42,500.00 |
(Participation Fee plus Late Fee) |
Calculation of fair value of outstanding debt securities - From 2022 Q4 Disclosures: |
Bank of Canada daily CDN$/US$ exchange rate as of December 31, 2022: 1.3544 |
| | | | | | | | 2022 - US$ | 2022 - CDN $ |
| | | | | | | | | Convertible Debentures | 373,611 |
| | | | | | | | | Hybrid Debt - $287.5M | 264,500,000 | 358,238,800 |
| | | | | | | | | Hybrid Debt - $350.0M | 298,480,000 | 404,261,312 |
| | | | | | | | | Hybrid Debt - $750.0M | 607,432,500 | 822,706,578 |
| | | | | | | | | Hybrid Debt - C$400.0M | 310,000,000 |
| | | | | | | | | Fair value of outstanding debt securities: | $ | 1,895,580,301 |
2022 - ASC Rule 13-501 Fees (Form 13-501F1) |