CALGARY, AB, Sept. 1, 2023 /CNW/ - Canadian Utilities Limited (TSX: CU)

The Toronto Stock Exchange (the "Exchange") has accepted, from Canadian Utilities Limited (the "Company"), a Notice of Intention to make a Normal Course Issuer Bid (the "Notice") pursuant to which the Company intends to make a Normal Course Issuer Bid ("NCIB") for certain of its outstanding Class A non-voting shares ("Class A Shares") on the terms set forth in the Notice. The Company believes that, from time to time, the market price of its Class A Shares may not fully reflect the value of its business, and that purchasing its own Class A Shares represents an attractive investment opportunity.