CALGARY, June 16, 2017 /CNW/ - TransAlta Corporation
("TransAlta" or the "Company") (TSX: TA; NYSE: TAC) announced today
that after having taken into account all election notices received
by the June 15, 2017 deadline for the
conversion of the Cumulative Redeemable Rate Reset Preferred
Shares, Series C (the "Series C Shares") into Cumulative Redeemable
Floating Rate Preferred Shares, Series D (the "Series D Shares"),
there were 827,628 Series C Shares tendered for conversion, which
is less than the one million shares required to give effect to
conversions into Series D Shares. As a result, none of the Series C
Shares will be converted into Series D Shares on June 30, 2017.
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