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Algoma Central Corporation Announces Convertible Debenture Conversion Price

ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (TSX: ALC) (TSX: ALC.DB.A) announced today that following the second quarter dividend of $0.19 per common share, an adjustment has been made to the conversion price of the convertible debentures, reducing it to $14.10. The convertible debentures have a maturity date of June 30, 2024. The second quarter dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024.

About Algoma Central Corporation

Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes - St. Lawrence Seaway and internationally. Algoma is aiming to reach a carbon emissions reduction target of 40% by 2030 and net zero by 2050 across all business units with fuel efficient vessels, innovative technology, and alternate fuels. Algoma truly is Your Marine Carrier of Choice™. Learn more at www.algonet.com.

Contacts

Media

Peter D. Winkley, CPA, CA
Algoma Central Corporation
EVP & Chief Financial Officer
905-687-7897

Christopher A.L. Lazarz, CPA, CA
Algoma Central Corporation
Vice-President, Corporate Finance
905-687-7940

Industry:

Algoma Central Corporation

TSX:ALC
Details
Headquarters: St. Catharines, Ontario
CEO: Gregg Ruhl
Employees: 1600
Organization: PUB
Revenues: 721,000,000 (2023)
Net Income: 83,000,000 (2023)
Release Versions
English
Hashtags
#yourmarinecarrierofchoice

Contacts

Media

Peter D. Winkley, CPA, CA
Algoma Central Corporation
EVP & Chief Financial Officer
905-687-7897

Christopher A.L. Lazarz, CPA, CA
Algoma Central Corporation
Vice-President, Corporate Finance
905-687-7940

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