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Emera Inc. - 4.25% Rate Reset Preferred Shares - New Issue

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Emera Inc. is issuing 8M Cumulative Minimum Rate Reset First Preferred Shares, at $25.00 per share and at an initial annual dividend rate of 4.25%. The dividend rate will be reset on May-15-2026 and every five years thereafter at a rate equal to the sum of the then five-year Government of Canada bond yield plus 3.28%, provided the rate is not less than 4.25%.

The shares are expected to open at $24.50

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