CU Inc

CU Inc.

CU Inc., a wholly owned subsidiary of Canadian Utilities Limited, is a holding company whose principal operating subsidiaries are ATCO Electric Ltd., ATCO Gas and Pipelines Ltd., Alberta Power (2000) Ltd. and CU Water Limited.

All dividends paid on CU Inc. shares on or after January 1, 2006 are designated "eligible dividends" for Canadian income tax purposes unless CU Inc. indicates otherwise. You should consult your tax advisor for advice with respect to the income tax consequences of receiving eligible dividends. Further information regarding the taxation of eligible dividends is also available from the Canada Revenue Agency.

Preferred Shares

Cumulative Redeemable Preferred Shares Series 1

Price:
» $25.00 par value per share to yield 4.60% per annum

TSX Symbol:
» CIU.PR.A

Shares Outstanding as at April 18, 2007:
» 4,600,000

Key Terms:
The holders of the Cumulative Redeemable Preferred Shares Series 1 (the “Series 1 Preferred Shares”) of CU Inc. (the “Corporation”) will be entitled to receive fixed cumulative preferential cash dividends, if, as and when declared by the Board of Directors of the Corporation, at a rate of $1.15 per annum, to accrue from the date of original issue, payable quarterly on the first day of March, June, September and December of each year.

On or after June 1, 2012, the Corporation may, at its option on not less than 30 nor more than 60 days prior notice, redeem for cash the Series 1 Preferred Shares, in whole at any time or in part from time to time, at $26.00 per share if redeemed during the 12 months commencing June 1, 2012, at $25.75 per share if redeemed during the 12 months commencing June 1, 2013, at $25.50 per share if redeemed during the 12 months commencing June 1, 2014, at $25.25 per share if redeemed during the 12 months commencing June 1, 2015, and at $25.00 per share if redeemed on or after June 1, 2016, in each case together with all accrued and unpaid dividends to but excluding the date of redemption.

Prospectus:
» Cumulative Redeemable Preferred Shares Series 1

Cumulative Redeemable Preferred Shares Series 2

Price:
» $25.00 par value per share to yield 6.70% per annum

TSX Symbol:
» CIU.PR.B

Shares Outstanding as at March 27, 2009:
» 6,400,000

Key Terms:
The Cumulative Redeemable Preferred Shares Series 2 were issued to the public on March 27, 2009, at a price of $25.00 per share. Holders are entitled to receive fixed cumulative preferential cash dividends, payable quarterly for an initial period of five years, as and when declared by the board of directors of the Corporation, at a rate of $1.675 per share, to yield 6.70% annually. Thereafter, the dividend rate will reset every five years to the then current 5-Year Government of Canada bond yield plus 4.81%. On June 1, 2014, and on June 1 of every fifth year thereafter, the Corporation may redeem the Series 2 Preferred Shares in whole or in part at par.

Holders may elect to convert any or all of their Series 2 Preferred Shares into an equal number of Cumulative Redeemable Preferred Shares Series 3 on June 1, 2014, and on June 1 of every fifth year thereafter. Holders of the Series 3 Preferred Shares will be entitled to receive quarterly floating rate cumulative preferential cash dividends, as and when declared by the board of directors, equal to the then current 3-month Government of Canada Treasury Bill yield plus 4.81%. The Corporation may redeem the Series 3 Preferred Shares in whole or in part at par.

Prospectus:
» Cumulative Redeemable Preferred Shares Series 2

Financial Information & News Releases

2009

» First Quarter Financial Statements
» First Quarter MD&A
» CU Inc. Eligible Dividends
» CU Inc. announces preferred share issue
» CU Inc. announces debentures issue
» CU Inc. Eligible Dividend

2008

2006
» 2006 Consolidated Financial Statements
» 2006 Management's Discussion & Analysis
» 2006 Annual Information Form
» CU Inc. Announces Debenture Issue
» 2006 Third Quarter Financial Statements
» 2006 Third Quarter MD&A
» 2006 Second Quarter Financial Statements
» 2006 Second Quarter MD&A
» 2006 First Quarter Financial Statements
» 2006 First Quarter MD&A
» CU Inc. Files Preliminary Base Shelf Prospectus

2005
» 2005 Annual Financial Statements
» 2005 Management's Discussion and Analysis
» 2005 Annual Information Form
» CU Inc. Announces Debenture Issue
» 2005 Third Quarter Financial Statements
» 2005 Third Quarter MD&A
» 2005 Second Quarter Financial Statements
» 2005 Second Quarter MD&A
» 2005 First Quarter Financial Statements
» 2005 First Quarter MD&A

2004
» 2004 Annual Financial Statements
» 2004 Management's Discussion & Analysis
» 2004 Annual Information Form
» 2004 Third Quarter Financial Statements
» 2004 Third Quarter MD&A
» CU Inc. Announces Debenture Issue
» 2004 Second Quarter Financial Statements
» 2004 Second Quarter MD&A
» 2004 First Quarter MD&A and Financial Statements
» CU Inc. Announces Debenture Issue
» CU Inc. Announces Filing of Preliminary Short Form Shelf Prospectus