Preferred Stock Channel
Fortis Inc | First Preference Shares, Series F (FTS.PRF.CA)

Prospectus excerpt:  This short form prospectus (the ‘‘Prospectus’’) qualifies for distribution 5,000,000 Cumulative Redeemable First Preference Shares, Series F (the ‘‘Series F First Preference Shares’’) of Fortis Inc. (‘‘Fortis’’ or the ‘‘Corporation’’) which are being offered and sold pursuant to the provisions of an underwriting agreement (the ‘‘Underwriting Agreement’’) dated September 13, 2006 between Fortis and BMO Nesbitt Burns Inc. (‘‘BMO Nesbitt Burns’’), CIBC World Markets Inc. (‘‘CIBCWM’’), RBC Dominion Securities Inc. (‘‘RBCDS’’), Scotia Capital Inc. (‘‘Scotia Capital’’), HSBC Securities (Canada) Inc. (‘‘HSBC Securities’’), National Bank Financial Inc. (‘‘NB Financial’’), TD Securities Inc. (‘‘TD Securities’’), Beacon Securities Limited and Canaccord Capital Corporation (collectively, the ‘‘Underwriters’’). The Series F First Preference Shares will be issued and sold by Fortis to the Underwriters at the price of $25.00 (the ‘‘Offering Price’’) per Series F First Preference Share. The Offering Price was determined by negotiation between the Corporation and the Underwriters.

The Series F First Preference Shares of the Corporation will be entitled to fixed cumulative preferential cash dividends, if, as and when declared by the board of directors of the Corporation at a rate of $1.2250 per share per annum, to accrue from the date of original issue, payable in equal quarterly installments of $0.3063 per share on the first day of March, June, September and December of each year. Assuming an issue date of September 28, 2006 the first dividend will be payable as of December 1, 2006 in the amount of $0.2148 per Series F First Preference Share.

Full Prospectus PDF », FTS.CA Page »

Alternate symbology:FTS-F.CA, FTS-PF.CA, FTSprF.CA
Call Date:12/1/2015 (Now Trading Post Call Date)
Shares Offered:5000000
Liquidation Preference:$25
Recent Market Price:$20.37
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.63 (-18.52%)
Annualized Dividend:1.2252
Recent Ex-Date:5/14/2020
Current Yield:6.01%
Original Coupon:4.90%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
Fortis is principally an international electric and gas utility holding company. Co. also holds investments in non-regulated generation assets. Co.'s business segments are: Regulated Electric & Gas Utilities - United States; Regulated Gas Utility - Canadian; Regulated Electric Utilities - Canadian; Regulated Electric Utilities - Caribbean; Non-Regulated - Fortis Generation; Non-regulated - Non-Utility; and Corporate and Other. Its regulated utilities served more than 3.0 million customers across Canada and in New York State and the Caribbean. Co. also holds investments in non-regulated generation assets in Canada and Belize, through Fortis Generation.


Open the FTS.CA Information Page »
Name:  Fortis Inc
Sector:  Electric Utilities
Number of ETFs Holding FTS.CA:  6 (see which ones)
Total Market Value Held by ETFs:  $32,015,801
Total Market Capitalization:  $6,299,000,000
% of Market Cap. Held by ETFs:  0.51%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Fortis Inc | First Preference Shares, Series F (FTS.PRF.CA) Information Page | Preferred Stock Channel | | Copyright © 2011 - 2020, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.