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                             Algonquin Power & Utilities Corp. (AQN $5.57) Algonquin Power & Utilities Corp. (AQN $5.57)
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                             Algonquin Power & Utilities Corp. Corporate Units (AQNU) Algonquin Power & Utilities Corp. Corporate Units (AQNU)
            Q: I just heard about AQNU. I gather that the yield is 7.87% until June 15, 2024 when a contract to purchase AQN stock is exercised according to a preset formula. What exactly is AQNU - a hybrid? Can this type of instrument be held in an RRSP?
If I'd like to end up with some AQN eventually, why wouldn't I buy AQNU now, get the 7.87% yield, and then on June 15, 2024 receive AQN stock?
Thank you for all your insightful answers over the years - I've learned so much!
    If I'd like to end up with some AQN eventually, why wouldn't I buy AQNU now, get the 7.87% yield, and then on June 15, 2024 receive AQN stock?
Thank you for all your insightful answers over the years - I've learned so much!
 
                             
                             
                    