CALGARY, Sept. 17, 2019 /CNW/ - TransAlta Corporation
("TransAlta" or the "Company") (TSX: TA)(NYSE:
TAC) announced today that after taking into account all
election notices received for the conversion of the Cumulative
Redeemable Rate Reset Preferred Shares, Series G (the "Series G
Shares") into Cumulative Redeemable Floating Rate Preferred Shares,
Series H (the "Series H Shares"), there were only 140,730 Series G
Shares tendered for conversion, which is less than the one million
shares required to give effect to conversions into Series H Shares.
As a result, none of the Series G Shares will be converted into
Series H Shares on September 30,
2019.
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of
electrical power generation assets in Canada, the United
States and Australia with a
focus on long-term shareholder value. We provide municipalities,
medium and large industries, businesses and utility customers
clean, affordable, energy efficient, and reliable power. Today, we
are one of Canada's largest
producers of wind power and Alberta's largest producer of hydro-electric
power. For over 100 years, TransAlta has been a responsible
operator and a proud community-member where its employees work and
live. TransAlta aligns its corporate goals with the UN Sustainable
Development Goals and we have been recognized by CDP (formerly
Climate Disclosure Project) as an industry leader on Climate Change
Management. We are also proud to have achieved the Silver
level PAR (Progressive Aboriginal
Relations) designation by the Canadian Council for
Aboriginal Business.
For more information about TransAlta, visit our web site at
transalta.com.
View original
content:http://www.prnewswire.com/news-releases/transalta-announces-conversion-results-for-series-g-preferred-shares-300919282.html
SOURCE TransAlta Corporation