CALGARY,
AB, Sept. 21, 2022 /PRNewswire/ - Further to
TransAlta Corporation's ("TransAlta" or the "Company") (TSX:
TA)(NYSE: TAC) press release dated August
31, 2022, 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 E (the
"Series E Shares") into Cumulative Redeemable Floating Rate
Preferred Shares, Series F (the "Series F Shares"), there were only
89,945 Series E Shares tendered for conversion, which is less than
the one million shares required to give effect to conversions into
Series F Shares. As a result, none of the Series E Shares will be
converted into Series F Shares on September
30, 2022.
About TransAlta:
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. TransAlta provides
municipalities, medium and large industries, businesses and utility
customers with clean, affordable, energy efficient and reliable
power. Today, TransAlta is one of Canada's largest producers of wind power and
Alberta's largest producer of
hydro-electric power. For over 111 years, TransAlta has been a
responsible operator and a proud member of the communities where we
operate and where our employees work and live. TransAlta aligns its
corporate goals with the UN Sustainable Development
Goals and its climate change strategy with CDP
(formerly Climate Disclosure Project) and the Task Force on
Climate-related Financial Disclosures (TCFD)
recommendations. TransAlta has achieved a
61 per cent reduction in GHG emissions since 2015.
For more information about TransAlta, visit its website at
transalta.com.
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SOURCE TransAlta Corporation