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ST. JOHN’S, Newfoundland and Labrador–(BUSINESS WIRE)–Altius Renewable Royalties (TSX:ARR) (OTCQX: ATRWF) (ARR or the Company) is pleased to report that leading independent proxy advisor firms Institutional Shareholder Services Inc. (ISS) and Glass, Lewis (JO:) & Co (Glass Lewis) have recommended that ARR’s minority shareholders vote FOR the upcoming arrangement transaction among ARR and Royal Aggregator LP, an affiliate of Northampton Capital Partners (WA:) LLC at the upcoming special meeting of shareholders (Special Meeting) to take place on November 19, 2024.
After receiving the report of the Special Committee (which was comprised of independent directors) and which received advice from its legal and financial advisors, and considering the reasons outlined in the Circular, the board of directors of the Company (with conflicted directors abstaining) has unanimously determined that the Arrangement Resolution is in the best interest of ARR’s minority Shareholders and has unanimously recommended that ARR’s minority Shareholders vote FOR the Arrangement Resolution. The management information circular (the Circular) contains important information regarding the Arrangement Resolution and shareholders are encouraged to review the details under the heading Reasons for the Recommendation in the Circular which can be found on ARR’s website at www.arr.energy/investors/#Events and on the Company’s profile at www.sedarplus.ca.
About Altius Renewable Royalties Corp.
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 35 renewable energy royalties representing approximately 2.6 GW of renewable power on operating projects and an additional approximate 5.6 GW on projects in construction and development phase, across several regional power pools in the U.S. The Company also expects future royalties from indirect investments in Bluestar Energy Capital, Hodson Energy and Hexagon Energy, which increase the total project pipeline to approximately 18.7 GW. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
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