Fortis announces termination of Consumer Share Purchase Plan
Fortis announced that it intends to terminate its Consumer Share Purchase Plan, or CSPP, effective September 13. The CSPP is available to residents of Newfoundland and Labrador and Prince Edward Island and facilitates the investment by participants of cash and the reinvestment of dividends, in each case, to purchase common shares of the Corporation. The CSPP exists alongside the Corporation's dividend reinvestment and share purchase plan, or DRIP, which provides the same benefits as the CSPP, but also provides for a 2% discount to the TSX market price for all common shares purchased by DRIP participants which are issued from treasury. The DRIP will continue to be available to all shareholders resident in Canada and the United States.