ALGONQUIN

CUSIP: 015857808 Class: Pref

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

Institution	Shares	Value ($000)
IAT REINSURANCE CO LTD.	200,000	$5,110
Total (1 institutions)	200,000	$5,110