CALGARY, Feb. 10, 2017 /PRNewswire/ - TransAlta
Corporation ("TransAlta" or the "Corporation") (TSX:
TA, NYSE: TAC) announced today that it is not proceeding with the
previously announced transaction pursuant to which all the
currently outstanding first preferred shares in the capital of the
Corporation would be exchanged for shares in a single new series of
cumulative redeemable minimum rate reset first preferred shares in
the capital of the Corporation. In light of the decision to
terminate such transaction, the special meetings of preferred
shareholders of the Corporation scheduled for February 16, 2017 have been cancelled.
About TransAlta Corporation
TransAlta is a power generation and wholesale marketing
company focused on creating long-term shareholder value. TransAlta
maintains a low-to-moderate risk profile by operating a highly
contracted portfolio of assets in Canada, the United
States and Australia.
TransAlta's focus is to efficiently operate wind, hydro, solar,
natural gas and coal facilities in order to provide customers with
a reliable, low-cost source of power. For over 100 years, TransAlta
has been a responsible operator and a proud contributor to the
communities in which it works and lives. TransAlta has been
recognized on CDP's Canadian Climate Disclosure Leadership Index
(CDLI), which includes Canada's
top 20 leading companies reporting on climate change, and has been
selected by Corporate Knights as one of Canada's Top 50 Best Corporate Citizens and is
recognized globally for its leadership on sustainability and
corporate responsibility standards by FTSE4Good.
For more information about TransAlta, visit our web site at
transalta.com, or follow us on Twitter @TransAlta.
SOURCE TransAlta Corporation