Business: Canadian Utilities Ltd, 4.90% Cumulative Redeemable Second Preferred Shares Series AA, liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option, after 09/01/2017 but prior to 09/01/2018 at $26.00 Canadian dollars per share, at $25.75 Canadian dollars per share prior to 09/01/2018, at $25.50 Canadian dollars per share prior to 09/01/2019, at $25.25 Canadian dollars per share prior to 09/01/2020 and at $25.00 Canadian dollars on or after 09/01/2020, and with no stated maturity. <p> Cumulative distributions of 4.90% per annum ($1.225 Canadian dollars per annum or $0.30625 Canadian dollars per quarter) will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). <p> In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.