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TransAlta Announces Conversion Results for Series G and Series H Preferred Shares

GlobeNewswire LogoGlobeNewswire13h ago

TransAlta Announces Conversion Results for Series G and Series H Preferred Shares - GlobeNewswire

Quick Summary:

CALGARY, Alberta, Sept.17, 2024 (GLOBE NEWSWIRE) -- Further to TransAlta Corporation's ("TransAlta” or the "Company”) (TSX: TA; NYSE: TAC) press release dated August 22, 2024, the Company 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 20,607 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares.

For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from those in the forward-looking information, refer to the Company’s most recent Annual Information Form, Annual Report and Management’s Discussion and Analysis and the Prospectus Supplement dated August 8, 2014, in each case filed under the Company’s profile on SEDAR at For more information: Investor Inquiries:Media Inquiries:Phone: 1-800-387-3598 in Canada and USPhone: 1-855-255-9184Email: investor_relations@transalta.comEmail: ta_media_relations@transalta.

Specifically, this news release contains forward-looking information with respect to the Company and the conversion of the Series G Shares and the Series H Shares.

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Article Details

Author / Journalist: TransAlta Corporation

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 21:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 22570893

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 129 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 9 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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