CALGARY, Dec. 18, 2018 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that after having taken into account all conversion notices received from holders of its outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series E (the "Series E Shares") by the December 17, 2018 deadline, less than the 1,000,000 Series E Shares required to give effect to conversions into Cumulative Redeemable Floating Rate Preferred Shares, Series F of AltaGas (the "Series F Shares") were tendered. As a result, none of AltaGas' outstanding Series E Shares will be converted into Series F Shares on December 31, 2018.

AltaGas is an energy infrastructure company with a focus on midstream, regulated utilities and power. AltaGas creates value by growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca.

SOURCE AltaGas Ltd.

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