Canadian Utilities Limited Cumulative Redeemable Second Preferred Shares Series BB 4.9% Perpetual are a class of preferred shares offering fixed, cumulative, and perpetually renewable cash dividends. With a par value of $25.00 per share, these securities entitle holders to an annual dividend of $1.225 per share, paid quarterly, if and when declared by the company’s Board of Directors. The cumulative feature ensures that if any dividends are missed, they accrue to be paid out in the future, providing preferred claim over common shareholders in dividend distribution and in the event of liquidation. These shares are also redeemable at the company’s option under specified terms, offering flexibility to the issuer. Typically, such preferred shares appeal to investors seeking stable income with lower risk relative to common equity. Canadian Utilities Limited operates primarily in the regulated utility and energy infrastructure sector, making these preferred shares significant for income-focused participants in the Canadian financial market, particularly those valuing dividend reliability from a longstanding utility issuer.