|Bid||60.58 x 0|
|Ask||60.60 x 0|
|Day's Range||59.67 - 60.94|
|52 Week Range||46.03 - 60.94|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||21.95|
|Forward Dividend & Yield||2.45 (4.09%)|
|Ex-Dividend Date||Jan. 29, 2020|
|1y Target Est||N/A|
Emera Incorporated ("Emera" or the "Company") (TSX: EMA) announced today that after having taken into account all conversion notices received from holders of its outstanding Cumulative Rate Reset First Preferred Shares, Series F (the "Series F Shares") by the January 31, 2020 deadline for conversion notices, less than the 1,000,000 Series F Shares required to give effect to conversions into Cumulative Floating Rate First Preferred Shares, Series G (the "Series G Shares") were tendered for conversion. As a result, none of Emera’s outstanding Series F Shares will be converted into Series G Shares on February 15, 2020. The Series F Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol EMA.PR.F.
Emera Incorporated ("Emera" or the "Company") (TSX: EMA) announced today the applicable dividend rates for its Cumulative Rate Reset First Preferred Shares, Series F (the "Series F Shares") and Cumulative Floating Rate First Preferred Shares, Series G (the "Series G Shares"), in each case, payable if, as and when declared by the Board of Directors of the Company:
Emera Incorporated ("Emera" or the "Company") (TSX: EMA) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Rate Reset First Preferred Shares, Series F of the Company (the "Series F Shares") on February 15, 2020. There are currently 8,000,000 Series F Shares outstanding.
Emera Inc. announced that at its annual meeting of shareholders held on May 15, 2019, on a vote by ballot, each of the 12 nominees proposed as Directors and listed in its Management Information Circular dated March 22, 2019 were elected as Directors.
Today Emera announced that it will release its Q1 2019 results on Friday, May 10, 2019, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m.
Late on Thursday, April 11, 2019, the Nova Scotia Legislature passed Bill 135, amending the NS Power Privatization Act (1992) and the NS Power Reorganization Act (1998). This would enable Emera to amend its articles of association to remove this restriction by approval of a special resolution of its shareholders. By its nature, forward‐looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties.
Today, the Government of Nova Scotia introduced amendments to the NS Power Privatization Act (1992) and the NS Power Reorganization Act (1998) regarding share ownership of Emera Inc. These amendments remove the current restriction preventing non-Canadian residents from holding more than 25 per cent of Emera voting shares. The legislation retains the existing restriction of any one shareholder holding more than 15 per cent of voting shares and reinforces Emera’s existing commitment to maintain its head office in Nova Scotia.
Emera Inc. (EMA.TO) today announced that the transaction to sell its three natural gas-fired electricity generating facilities in New England to Revere Power, LLC, an affiliate of The Carlyle Group, for $590 million USD ($792 million CAD) has successfully closed. “The closing of this transaction completes an important element of the asset sale component of Emera’s three-year funding plan, which we introduced last November,” said Scott Balfour, President and CEO of Emera. The sale of Bridgeport Energy, Tiverton Power and Rumford Power was announced in November 2018.
Nova Scotia Power Inc. (“NSPI”) today announced that it has agreed to issue $400 million Series AB medium term notes which will bear interest at the rate of 3.571% per annum payable semi-annually (the “Notes”) until April 5, 2049 (the "Offering"). The Notes will be issued pursuant to NSPI’s short form prospectus dated March 28, 2019. The net proceeds from the Offering will be added to the general funds of NSPI and applied primarily to refinance existing indebtedness including bank indebtedness, to finance capital expenditures and for other general corporate purposes.
Emera Inc. (EMA.TO) and ENMAX Corporation (ENMAX) today announced that they have entered into a definitive agreement in which Emera has agreed to sell to ENMAX its interest in Emera Maine, its regulated electric transmission and distribution company in Maine, for a purchase price of $959 million USD ($1,286 million CAD). Including the assumed debt, aggregate enterprise value is forecasted to be approximately $1.3 billion USD ($1.8 billion CAD) on closing.