EdgePoint Reports 56.8M AQNU Shares, 7.39% Ownership

Rhea-AI Filing Summary

EdgePoint Investment Group Inc. filed an amendment to Schedule 13G reporting beneficial ownership of 56,764,441 common shares of Algonquin Power & Utilities Corp., representing 7.39% of the class. EdgePoint reports 44,693,892 shares as sole voting and dispositive power and 12,070,549 shares as shared voting and dispositive power, and states these holdings are managed in the ordinary course of business.

The filing identifies the issuer's principal office in Oakville, Ontario, and EdgePoint's principal office in Toronto, Ontario. The event date listed is 06/30/2025 and the filing was signed by EdgePoint's Chief Compliance Officer on 08/14/2025.

Positive

• Material stake disclosed: EdgePoint reports a clear 7.39% beneficial ownership, which is a significant institutional holding
• Transparency on voting/dispositive power: Filing specifies both sole (44,693,892) and shared (12,070,549) voting and dispositive powers
• Ordinary-course certification: EdgePoint certifies holdings were acquired and are held in the ordinary course, not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: EdgePoint holds a material minority stake (7.39%) in AQNU, signaling meaningful investor interest without control intentions.

The 7.39% ownership is above routine thresholds and is large enough to be noticed by market participants and other institutional holders. EdgePoint discloses both sole and shared voting and dispositive powers, indicating it directly manages a substantial portion (44.7M shares) and has influence over additional positions (12.07M). The certification that shares were acquired in the ordinary course and not to influence control reduces immediate governance concerns, but such a stake could still affect shareholder dynamics, for example in proxy contests or major corporate actions.

Corporate Governance Expert

TL;DR: Material passive stake disclosed; no stated intent to seek control but could impact voting outcomes on major matters.

From a governance perspective, a 7.39% passive stake requires monitoring by the company and other large holders because it can be pivotal on contentious votes. The filing follows Schedule 13G mechanics and includes the standard certification that the position is held in the ordinary course. The split between sole and shared voting power clarifies that EdgePoint directly controls most votes but shares a meaningful minority portion, which may reflect pooled funds or co-managed accounts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ALGONQUIN POWER & UTILITIES CORP.

(Name of Issuer)

Common shares

(Title of Class of Securities)

015857105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 015857105

1

Names of Reporting Persons

EdgePoint Investment Group Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 44,693,892.00
6	Shared Voting Power 12,070,549.00
7	Sole Dispositive Power 44,693,892.00
8	Shared Dispositive Power 12,070,549.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

56,764,441.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.39 %

12

Type of Reporting Person (See Instructions)

IA, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ALGONQUIN POWER & UTILITIES CORP.
(b)	Address of issuer's principal executive offices: 354 Davis Road, Oakville, Ontario, L6J 2X1, Canada
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed on behalf of EdgePoint Investment Group Inc. ("EdgePoint") with respect to the Common Shares, ("Common Stock") of ALGONQUIN POWER & UTILITIES CORP. (the "Issuer"). EdgePoint acts as investment manager to, and exercises investment discretion with respect to the Common Stock directly owned by, a number of private investment funds and mutual fund trusts.
(b)	Address or principal business office or, if none, residence: 150 Bloor Street West, Suite 700, Toronto, Ontario M5S 2X9, Canada
(c)	Citizenship: Ontario, Canada
(d)	Title of class of securities: Common shares
(e)	CUSIP No.: 015857105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	NA
Item 4.	Ownership
(a)	Amount beneficially owned: 56,764,441
(b)	Percent of class: 7.39%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 44,693,892
	(ii) Shared power to vote or to direct the vote: 12,070,549
	(iii) Sole power to dispose or to direct the disposition of: 44,693,892
	(iv) Shared power to dispose or to direct the disposition of: 12,070,549
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

EdgePoint Investment Group Inc.

Signature:	Sayuri Childs
Name/Title:	Sayuri Childs | Chief Compliance Officer
Date:	08/14/2025

FAQ

How many Algonquin Power & Utilities Corp. (AQNU) shares does EdgePoint own?

EdgePoint beneficially owns 56,764,441 common shares of AQNU, representing 7.39% of the class.

What voting power does EdgePoint report for AQNU?

EdgePoint reports 44,693,892 shares with sole voting power and 12,070,549 shares with shared voting power.

Was the EdgePoint stake reported as intended to influence control of AQNU?

No. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to change or influence control.

When is the event date and when was the filing signed?

The event date requiring the filing is 06/30/2025 and the filing was signed on 08/14/2025 by the Chief Compliance Officer.

Who filed the Schedule 13G/A for AQNU?

The filing was made on behalf of EdgePoint Investment Group Inc., an investment manager organized in Ontario, Canada.