CALGARY, AB, March 18, 2021 /PRNewswire/ - Further
to TransAlta Corporation's ("TransAlta" or the "Company")
(TSX: TA) (NYSE: TAC) press release dated March 1, 2021, the Company announced today that
(i) 1,417,338 of its 10,175,380 currently outstanding Cumulative
Redeemable Rate Reset First Preferred Shares, Series A ("Series A
Shares") will be converted on March 31, 2021, on a one-for-one
basis, into Cumulative Redeemable Floating Rate First Preferred
Shares, Series B ("Series B Shares"), and (ii) 871,871 of its
1,824,620 currently outstanding Series B Shares will be converted
on March 31, 2021, on a one-for-one
basis, into Series A Shares. As a result, on March
31, 2021, the Company will have 9,629,913 Series A Shares issued
and outstanding and 2,370,087 Series B Shares issued and
outstanding.
The Series A Shares and Series B Shares are currently listed on
the Toronto Stock Exchange under the symbols TA.PR.D and TA.PR.E,
respectively.
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. TransAlta provides municipalities, medium and
large industries, businesses and utility customers 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 hydroelectric
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, having recently achieved an A- score from CDP.
For more information about TransAlta, visit our web site at
transalta.com.
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SOURCE TransAlta Corporation