PreferredStockChannel
Emera Inc | Variable rate series C cumulative convertible first preferred stock (EMA.PRC.CA)

Prospectus excerpt:  

Full Prospectus PDF », EMA.CA Page »

Series:C
Alternate symbology:EMA-C.CA, EMA-PC.CA, EMAprC.CA
Redeemable?:Yes
Call Date:8/15/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Conversion Ratio:The holders of Series C Preferred Shares will have the right to convert their shares into Cumulative Floating Rate First Preferred Shares, Series D (the "Series D Preferred Shares"), subject to certain conditions, on August 15, 2018 and on August 15 of every fifth year thereafter. The holders of the Series D Preferred Shares will be entitled to receive quarterly floating rate cumulative dividends, as and when declared by the board of directors of Emera, at a rate equal to the sum of the then 90-day Government of Canada treasury bill rate plus 2.65 per cent.
Shares Offered:10000000
Liquidation Preference:$25
Recent Market Price:$20.21
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-4.79 (-19.16%)
Annualized Dividend:1.18024
Recent Ex-Date:7/29/2022
Current Yield:5.84%
Original Coupon:4.10% for the initial six-year period ending on August 15, 2018. The dividend rate will be reset on August 15, 2018 and every five years thereafter at a rate equal to the sum of the then five-year Government of Canada bond yield plus 2.65
Pay Period:Quarterly
CDx3 Compliance Rating: Learn EMA.PRC.CA's Rating
Emera is an energy and services company. Co. owns and operates regulated electric and gas utilities in Canada, the U.S. and the Caribbean. Co. invests in electricity generation, transmission and distribution and gas transmission and distribution. Co.'s reportable segments are: Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure and Other. Co.'s Florida Electric Utility segment consists of Tampa Electric Company, a regulated electric utility, serving customers in West Central Florida. Co.'s Canadian Electric Utilities segment includes Nova Scotia Power Inc., and Emera Newfoundland & Labrador Holdings Inc.

Preferreds: EMA.PRA.CA, EMA.PRC.CA, EMA.PRE.CA, NSI.PRD.CA


Open the EMA.CA Information Page »
Name: 
Emera Inc
Website: 
www.emera.com
Sector: 
Electric Utilities
Number of ETFs Holding EMA.CA: 
5 (see which ones)
Total Market Value Held by ETFs: 
$17,138,158
Total Market Capitalization: 
$7,538,000,000
% of Market Cap. Held by ETFs: 
0.23%

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