Advisory: Fortis Inc. to Open Trading on Toronto Stock Exchange
ST. JOHN’S, Newfoundland and Labrador, Nov. 23, 2018 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE:FTS) will open trading on the Toronto Stock Exchange (“TSX”) on Tuesday, November 27, 2018. The market opening will acknowledge more than 30 years of the Corporation’s shares trading on TSX.
Fortis began trading on the TSX on December 29, 1987 when each Newfoundland Light & Power Co. Limited common share was exchanged for one common Fortis share. Fortis is now among the top 15 investor-owned North American utilities based on enterprise value and remains proudly headquartered in Newfoundland and Labrador.
The share price on the TSX was $4.69 on our first day of trading. In comparison, the Corporation’s share price reached $46.24 on November 22, 2018 representing a total shareholder return of over 4,000% during that period.
For Market Openings: Media may pick up a feed from the TOC (“television operations centre“) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.
Fortis is a leader in the North American regulated electric and gas utility industry with 2017 revenue of C$8.3 billion and total assets of C$50 billion as at September 30, 2018. The Corporation’s 8,500 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.
A .pdf version of this press release is available at :http://resource.globenewswire.com/Resource/Download/70066d42-b491-4a58-bfd1-2da0868e145d
For more information please contact:
Ms. Stephanie Amaimo
Vice President, Investor Relations
Ms. Karen McCarthy
Vice President, Communications and Corporate Affairs