(1) The annual rate for the period from and including December 31, 2017 to but excluding December 31, 2022 and each subsequent 5-year period is equal to the sum of the Government of Canada Yield, as defined in the prospectus, on the 30th day prior to the first day of the applicable period plus 1.72%. The annual amount of dividend payable per share is determined by multiplying the applicable quarterly rate by $25.00.
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(2) The annual rate for the period from and including September 30, 2016 to but excluding September 30, 2021 and each subsequent 5-year period is equal to the sum of the Government of Canada Yield, as defined in the prospectus, on the 30th day prior to the first day of the applicable period plus 2.66%. The annual amount of dividend payable per share is determined by multiplying the applicable annual rate by $25.00
(3) The quarterly rate is equal to the sum of the T-Bill Rate, as defined in the prospectus, on the 30th day prior to the first day of the applicable period plus 2.66% (on an actual/365 or 366 day count basis, depending upon the actual number of days in the applicable year). The quarterly amount payable per share is determined by multiplying the applicable quarterly rate by $25.00.
(4) The initial dividend was paid on September 29, 2017 and was $0.45945 per Series 5 Preferred Share, based on the May 24, 2017 closing date of the offering of the Series 5 Preferred Shares.
(5) The initial dividend was paid on December 29, 2017 and was $0.49007 per Series 6 Preferred Share, based on the August 18, 2017 closing date of the offering of the Series 6 Preferred Shares.
(6) The annual rate for the period from and including May 29, 2018 to but excluding June 30, 2023 and each subsequent 5-year period is equal to the sum of the Government of Canada Yield, as defined in the prospectus, on the 30th day prior to the first day of the applicable period plus 2.55%. The annual amount of dividend payable per share is determined by multiplying the applicable annual rate by $25.00. (7) The initial dividend was paid on September 28, 2018 and was $0.4162 per Series 7 Preferred Share, based on the May 29, 2018 closing date of the offering of the Series 7 Preferred Shares.
(8) The initial dividend was paid on June 30, 2020 and was $0.4906 per Series 9 Preferred Share, based on the February 18, 2020 closing date of the offering of the Series 9 Preferred Shares.
(9) The initial dividend was paid on June 30, 2022 and was $0.3848 per Series 11 Preferred Share, based on the March 15, 2022 closing date of the offering of the Series 11 Preferred Shares.