HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Emera Incorporated (“Emera” or the “Company”) (TSX:EMA) announced today
that 2,135,364 of its 6,000,000 issued and outstanding Cumulative 5-Year
Rate Reset First Preferred Shares, Series A (the “Series A Shares”) were
tendered for conversion, on a one-for-one basis into Cumulative Floating
Rate First Preferred Shares, Series B (the “Series B Shares”). As a
result of the conversion, Emera has 3,864,636 Series A Shares and
2,135,364 Series B Shares issued and outstanding. The Series A Shares
will continue to be listed on the Toronto Stock Exchange (TSX) under the
symbol EMA.PR.A. The Series B Shares will begin trading on the TSX today
under the symbol EMA.PR.B.
Forward Looking Information
This news release contains forward-looking information with respect to
Emera, the Series A Shares and the Series B Shares. By its nature,
forward-looking information requires Emera to make assumptions and is
subject to inherent risks and uncertainties. There is risk that
predictions, forecasts, conclusions and projections that constitute
forward-looking information will not prove to be accurate, that Emera’s
assumptions may not be correct and that actual results may differ
materially from such forward-looking information. Detailed information
about these assumptions, risks and uncertainties is included in Emera’s
securities regulatory filings, which can be found on SEDAR at www.sedar.com.
About Emera
Emera is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with approximately $10 billion in
assets and 2014 revenues of $2.97 billion. The Company invests in
electricity generation, transmission and distribution, as well as gas
transmission and utility energy services. Emera's strategy is focused on
the transformation of the electricity industry to cleaner generation and
the delivery of that clean energy to market. Emera has investments
throughout northeastern North America, and in four Caribbean countries.
Emera continues to target having 75-85% of its adjusted earnings come
from rate-regulated businesses. Emera common and preferred shares are
listed on the Toronto Stock Exchange and trade respectively under the
symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, and EMA.PR.F.
Additional Information can be accessed at www.emera.com
or at www.sedar.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817005561/en/
Emera Incorporated
Investor Relations:
Scott
LaFleur, 902-428-6375
Acting Manager, Investor Relations
Scott.lafleur@emera.com
or
Media:
Neera
Ritcey, 902-223-2272
Manager, Corporate Communications
neera.ritcey@emera.com
Source: Emera Incorporated