06:49 AM EDT, 09/05/2024 (MT Newswires) -- Canadian Utilities Limited ( CDUTF ) , trading at 52 week highs, overnight Wednesday said the Toronto Stock Exchange has accepted its notice of intention to make a Normal Course Issuer Bid for certain of its outstanding Class A non-voting shares. The company believes that, from time to time, the market price of its Class A Shares may not fully reflect the value of its business, and that purchasing its own Class A Shares represents an attractive investment opportunity, according to a statement.

CU Inc., a wholly-owned subsidiary of Canadian Utilities Limited ( CDUTF ), an ATCO Company announced that it will issue $410 million of 4.664% Debentures maturing on September 11, 2054, at a price of $100.00 to yield 4.664%. It said proceeds from the issue will be used to finance capital expenditures, to repay existing indebtedness and for other general corporate purposes.