TransAlta announces conversion results of series A, series B preferred shares

Chicago, March 18 – TransAlta Corp. announced today the results of its conversion offers, according to a press release.

Accordingly, 1,417,338 of its 10,175,380 currently outstanding cumulative redeemable rate reset first preferred shares, series A will be converted on March 31, on a one-for-one basis, into cumulative redeemable floating-rate first preferred shares, series B, Also, 871,871 of its 1,824,620 currently outstanding series B shares will be converted on March 31, on a one-for-one basis, into series A shares.

As a result, on March 31, 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 are issued on the Toronto Stock Exchange under “TAPrD” and the series B shares are listed as “TAPrE.”

TransAlta is a power generation and wholesale marketing company based in Calgary, Alta.

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