FIL Limited Increases Stake in Algonquin Power & Utilities Corp. to 5.0%

On April 29, 2026, FIL Limited (FIL Ltd) filed a Schedule 13G/A with the SEC, reporting a significant increase in its stake in Algonquin Power & Utilities Corp. (AQN). As of the event date on March 31, 2026, FIL Limited disclosed beneficial ownership of 38,114,903 shares of common stock, representing a 5.0% ownership stake in the company. This marks a notable increase from a previously reported 0.0% position. The filing indicates that the shares are held by FIL Limited and its direct and indirect subsidiaries, including Pandanus Partners, L.P. and Pandanus Associates, Inc., which are also listed as reporting persons. FIL Limited reported sole voting and dispositive power over the entire 38,114,903 share position. The securities were acquired in the ordinary course of business and not with the intent of influencing control over the issuer. The filing was submitted as an amendment to a previous Schedule 13G, reflecting the firm's strengthened position in the Canadian-based utility company.