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:$24.11
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.89 (-3.56%)
Annualized Dividend:1.18024
Recent Ex-Date:1/31/2022
Current Yield:4.90%
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 which invests in electricity generation, transmission and distribution and gas transmission and distribution. Co. has five reportable segments: Florida Electric Utility, which consists of Tampa Electric; Canadian Electric Utilities, which includes Nova Scotia Power Inc. and Emera Newfoundland & Labrador Holdings Inc.; Other Electric Utilities, which includes Emera Maine and Emera (Caribbean) Incorporated; Gas Utilities and Infrastructure, which includes New Mexico Gas Company, Inc. and Emera Brunswick Pipeline Company Limited; and Other, which includes Emera Energy and corporate holding and financing companies.

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: 
3 (see which ones)
Total Market Value Held by ETFs: 
$8,703,230
Total Market Capitalization: 
$7,447,000,000
% of Market Cap. Held by ETFs: 
0.12%

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