UNDERWRITING AGREEMENTUnderwriting Agreement • October 16th, 2019 • Algonquin Power & Utilities Corp. • Electric services • New York
Algonquin Power & Utilities Corp., a Canadian corporation (the “Corporation”), proposes to issue and sell to the several underwriters named in Schedule A (the “Underwriters”), acting severally and not jointly, the respective numbers of 23,000,000 common shares in the capital of the Corporation (the “Firm Shares”) set forth in such Schedule A. The Corporation also proposes to grant to the Underwriters, acting severally and not jointly, an option to purchase all or any part of an additional 3,450,000 common shares in the capital of the Corporation (the “Option Shares” and, together with the Firm Shares, the “Shares”) to cover over-allotments and for market stabilization purposes permitted pursuant to Applicable Securities Laws. Morgan Stanley & Co. LLC (“Morgan Stanley”) and Wells Fargo Securities Canada, Ltd. have agreed to act as representatives of the several Underwriters (in such capacity, the “Representatives”) in connection with the offering and sale of the Shares (the “Offering”).
