AEP establishes $1.7B at-the-market stock offering program with forward sale component

AMERICAN ELECTRIC POWER CO INC

Up to $1.7B of common stock may be sold through multiple sales agents via ATM offerings.
Company may enter forward agreements; forward purchasers borrow and sell shares to hedge.
Actual sales depend on market conditions, trading price, and capital needs; potential dilution.
Distribution Agreement dated Nov 16, 2023; registration statement on Form S-3 filed Nov 6, 2023.
Forward agreements include price adjustments based on floating interest rate and expected dividends.

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