As previously reported by press release, the tender offer by the Company for up to
$600 million of the Companys outstanding common shares expired on May 24, 2018. On May 30, 2017, the Company accepted for purchase those shares properly tendered in the offer and not withdrawn.
Subsequently, on June 4, 2018, the Company cancelled each of the 11,428,571common shares accepted for purchase in the tender offer. After the
cancellation of such common shares, the Company had 165,109,776 common shares outstanding based upon the number of shares outstanding as of June 3, 2018.
Forward-Looking Statements
This Current Report on Form
8-K
may contain forward-looking statements. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws.
Forward-looking statements include, but are not limited to, our expectations, hopes or intentions regarding the future, including but not limited to statements regarding the Companys operating or other strategic plans, including the
Companys competition, financing, revenues, or tax benefits; our beliefs regarding the sufficiency of the Companys existing cash and credit sources, including the Companys Credit Facility (as such term is defined in the Offer to
Purchase) and cash flows from operating activities to meet our projected expenditures (including operating and maintenance capital expenditures) and costs associated with certain of the Companys projects over the next twelve months; the
Companys required capital expenditures pursuant to agreements it is party to, and the Companys anticipated capital expenditures, estimated asset and liability values; risk of counterparty nonperformance; the Companys legal
strategies and the potential effect of pending legal claims on the Companys business and financial condition; and any financial or other information included herein based upon or otherwise incorporating judgments or estimates based upon future
performance or events. Forward-looking statements may include the words may, will, estimate, intend, continue, believe, expect or anticipate and any
other similar words. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our
future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities
and Exchange Commission (the SEC). Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements represent our estimates and assumptions only as of the date of this press
release. We expressly disclaim any duty to provide updates to forward-looking statements, and the estimates and assumptions associated with them, after the date of this press release, in order to reflect changes in circumstances or expectations or
the occurrence of unanticipated events, except to the extent required by applicable securities laws. All forward-looking statements are qualified in their entirety by reference to the factors discussed above and under Risk Factors set
forth in Part I Item 1A and elsewhere of the Companys Annual Report on Form
10-K,
filed with the SEC on February 22, 2018, and in Part II Item 1A and elsewhere of the Companys Quarterly Report
on Form
10-Q,
filed with the SEC on May 3, 2018, as well as the risks and uncertainties discussed in the Companys other filings with the SEC, including risks resulting from a decrease in the public
float of the shares which may result in slightly less liquidity and trading volume of the shares after the consummation of the tender offer described herein and could result in an increase in price volatility. We qualify all of our forward-looking
statements by these cautionary statements. We caution you that these risks are not exhaustive. We operate in a continually changing business environment and new risks emerge from time to time.
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