Registered shareholders as of December 31, 2016 were as follows:
|Class of Shares||Shareholders||Shares Held|
|Class A Ordinary Shares||
|9% Class B Preference Shares||122||250,000|
Fortis Energy (Bermuda) Ltd., a wholly- owned subsidiary of Fortis Inc., held 19,460,326 Class A Ordinary Shares, or 60% of the outstanding shares as of December 31, 2016. Approximately 12% of the outstanding registered shares are held by residents of the Cayman Islands. Holders of Class B Preference Shares are primarily resident in the Cayman Islands.
Quarterly dividends are customarily paid in March, June, September and December. Record dates are normally two to three weeks prior to payable dates.
Quarterly dividends are paid on the last day of January, April, July and October. Record dates are normally two to three weeks prior to payable dates.
The Company offers a Dividend Reinvestment Plan to Class A Ordinary and Class B Preference shareholders resident in eligible jurisdictions. The dividends for participants in the Dividend Reinvestment Plan are reinvested in additional Class A Ordinary Shares. A copy of the Plan and enrolment form may be obtained by contacting either of the Company's Registrar and Transfer Agents.
Customer Share Purchase Plan
The Customer Share Purchase Plan (CSPP) was launched in January 1995 and provides an opportunity for customers resident in Grand Cayman to make direct investments in the Company. Customers may make cash payments of not less than CI$25 (US$30) per purchase and up to a total of CI$12,000 (US$14,400) per calendar year for the purchase of Class A Ordinary Shares. Quarterly cash dividends paid on the shares issued under the CSPP are automatically reinvested in additional Class A Ordinary Shares. Full details of the Plan may be obtained from CUC's Compliance Department at email@example.com.