| | | | | | | Ontario Securities Commission |
| | | | | | | FORM 13-502F1 |
| | | | | | | | CLASS 1 and CLASS 3B REPORTING ISSUERS - PARTICIPATION FEE |
| | | | | | | MANAGEMENT CERTIFICATION |
I, | , | | | | | | | | David Bronicheski |
an officer of the reporting issuer noted below have examined this Form 13-502F1 (the Form) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. |
(s) | | | | | | | | | (signed) David Bronicheski | July 10, 2020 |
Name: | | Date: | | | | | | | David Bronicheski |
Title: | | | | | | | | | Chief Financial Officer |
Reporting Issuer Name: | | | Algonquin Power & Utilities Corp. |
End date of previous financial year: | | December 31, 2019 |
Type of Reporting Issuer: | | | | | | | | | | | Class 1 reporting issuer | Class 3B reporting issuer |
Highest Trading Marketplace:(refer to the definition of “highest trading marketplace” under OSC Rule 13-502 Fees ) | | | | | | | | | | Toronto Stock Exchange |
Market value of listed or quoted securities:(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees) |
Equity Symbol | | AQN |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Jan-2019 | to | | 31-Mar-2019 |
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 |
| | | | | $15.030 (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 |
| | | | 491,284,714 (ii) |
Market value of class or series | | | | | (i) x (ii) = | $7,384,009,251.42 |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Apr-2019 | to | | 30-Jun-2019 |
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 |
| | | | | $15.870 (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 |
| | | | 493,485,427 (iv) |
Market value of class or series | | | | | (iii) x (iv) = | $7,831,613,726.49 |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Jul-2019 | to | | 30-Sep-2019 |
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 |
| | | | | $18.140 (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 |
| | | | 496,581,133 (vi) |
Market value of class or series | | | | | (v) x (vi) = | $9,007,981,752.62 |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| 1-Jan-2019 | to | 31-Dec-2019 |
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 |
| | | | $18.370 (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 |
| | | 524,223,323 (viii) |
Market value of class or series | | | | (vii) x (viii) = | $9,629,982,443.51 |
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)) |
| | | | | $8,463,396,793.51 |
Equity Symbol | | AQN.PR.A |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| 1-Jan-2019 | to | 31-Mar-2019 |
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 |
| | | | $20.380 (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) = | $97,824,000.00 |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| 1-Apr-2019 | to | 30-Jun-2019 |
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 |
| | | | $18.480 (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) = | $88,704,000.00 |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| 1-Jul-2019 | to | 30-Sep-2019 |
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 |
| | | | $18.320 (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) = | $87,936,000.00 |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| 1-Jan-2019 | to | 31-Dec-2019 |
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 |
| | | | $19.560 (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) = | $93,888,000.00 |
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)) |
| | $92,088,000.00 |
Equity Symbol | | | | AQN.PR.D |
1 | st Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Jan-2019 | to | 31-Mar-2019 |
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 |
| $21.390 (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 |
| 4,000,000 (ii) |
Market value of class or series | (i) x (ii) = | $85,560,000.00 |
2 | nd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Apr-2019 | to | 30-Jun-2019 |
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 |
| $20.500 (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) = | $82,000,000.00 |
3 | rd Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Jul-2019 | to | 30-Sep-2019 |
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 |
| $19.730 (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) = | $78,920,000.00 |
4 | th Specified Trading Period (dd/mm/yy) |
(refer to the definition of “specified trading period” under OSC Rule 13-502 Fees ) |
| | | 1-Jan-2019 | to | 31-Dec-2019 |
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 |
| $20.460 (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) = | $81,840,000.00 |
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)) |
| $82,080,000.00 |
Fair value of outstanding debt securities: (See paragraph 2.8(1)(b), and if applicable, paragraph 2.8(1)(c) of OSC Rule 13-502 Fees ) |
| $934,627,182.00 |
Details of how value was determined provided below |
|
Capitalization for the previous financial year | | (1) + (2) + (3) + (4) | $9,572,191,975.51 |
Participation Fee (For Class 1 reporting issuers, from Appendix A of |
| | | $76,425 |
OSC Rule 13-502 Fees , select the participation fee) |
(For Class 3B reporting issuers, from Appendix A.1 of | | | | $0 |
OSC Rule 13-502 Fees , select the participation fee) |
Late Fee, if applicable | | | $0.00 |
(As determined under section 2.7 of OSC Rule 13-502 Fees ) |
Total Fee Payable | $76,425.00 |
(Participation Fee plus Late Fee) |
Calculation of fair value of outstanding debt securities - From 2019 Q4 Disclosures: |
Bank of Canada daily CDN$/US$ exchange rate as of December 31, 2019: 1.2988 |
| | | | | 2019 - US$ | 2019 - CDN $ |
| | | | | | | Convertible Debentures | 809,464 |
| | | | | | | Hybrid Debt - $287.5M | 324,185,000 | 421,051,478 |
| | | | | | | Hybrid Debt - $2350.0M | 394,800,000 | 512,766,240 |
| | | | | | | Fair value of outstanding debt securities: | $ | 934,627,182 |
2019 - Rule 13-502 Fees (Form 13-502F1) |