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CANADIAN UTILITIES LIMITED ELIGIBLE DIVIDENDS

CALGARY, AB, Oct. 10, 2024 /CNW/ - Canadian Utilities Limited CU

The Board of Directors of Canadian Utilities Limited has declared the following quarterly dividends:

Shares TSX Stock Symbol Dividend Per Share ($) Record Date (2024) Payment Date (2024) Class A non-voting CU 0.4531 07-Nov 01-Dec Class B common - 0.4531 07-Nov 01-Dec Series Y 5.196% CU.PR.C 0.32475 07-Nov 01-Dec Series AA 4.90% CU.PR.D 0.30625 07-Nov 01-Dec Series BB 4.90% CU.PR.E 0.30625 07-Nov 01-Dec Series CC 4.50% CU.PR.F 0.28125 07-Nov 01-Dec Series DD 4.50% CU.PR.G 0.28125 07-Nov 01-Dec Series EE 5.25% CU.PR.H 0.328125 07-Nov 01-Dec Series FF 4.50% CU.PR.I 0.28125 07-Nov 01-Dec Series HH 4.75% CU.PR.J 0.296875 07-Nov 01-Dec

These dividends are eligible dividends within the meaning of the Income Tax Act (Canada).

Canadian Utilities Limited and its subsidiary and affiliate companies have approximately 9,000 employees and assets of $23 billion. Canadian Utilities, an ATCO company, is a diversified global energy infrastructure corporation delivering essential services and innovative business solutions. ATCO Energy Systems delivers energy for an evolving world through its electricity and natural gas transmission and distribution, and international operations segments. ATCO EnPower creates sustainable energy solutions in the areas of renewables, energy storage, industrial water and clean fuels. ATCO Australia develops, builds, owns and operates energy and infrastructure assets. ATCOenergy and Rümi provide retail electricity and natural gas services, home maintenance services and professional home advice that bring exceptional comfort, peace of mind and freedom to homeowners and customers. More information can be found at www.canadianutilities.com.

Investor & Analyst Inquiries:

Colin Jackson

Senior Vice President, Financial Operations

Colin.Jackson@atco.com

403 808 2636

Media Inquiries:

Kurt Kadatz

Director, Corporate Communications

Media@atco.com

587 228 4571

Forward-Looking Information:

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.

The Company's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company.

The Company believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

SOURCE Canadian Utilities Limited

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