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Emera Approves Quarterly Dividends

September 28, 2018

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Sep 28, 2018--On September 28, 2018 the Board of Directors of Emera Inc. (TSX: EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H) approved a quarterly dividend of $0.5875 per common share payable on and after November 15, 2018 to common shareholders of record at the close of business on November 1, 2018; a quarterly dividend of $0.1597 per Series A First Preferred Share payable on and after November 15, 2018 to Series A First Preferred shareholders of record at the close of business on November 1, 2018; a quarterly dividend of $0.2082 per Series B First Preferred Share payable on and after November 15, 2018 to Series B First Preferred shareholders of record at the close of business on November 1, 2018; a quarterly dividend of $0.29506 per Series C First Preferred Share payable on and after November 15, 2018 to Series C First Preferred shareholders of record at the close of business on November 1, 2018; a quarterly dividend of $0.28125 per Series E First Preferred Share payable on and after November 15, 2018 to Series E First Preferred shareholders of record at the close of business on November 1, 2018; a quarterly dividend of $0.265625 per Series F First Preferred Share payable on and after November 15, 2018 to Series F First Preferred shareholders of record at the close of business on November 1, 2018; and a quarterly dividend of $0.30625 per Series H First Preferred Share payable on and after November 15, 2018 to Series H First Preferred shareholders of record at the close of business on November 1, 2018.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, Emera Inc. hereby notifies its common shareholders, its Series A First Preferred shareholders, its Series B First Preferred shareholders; its Series C First Preferred shareholders; its Series E First Preferred shareholders; its Series F First Preferred shareholders; and its Series H First Preferred shareholders that such dividends declared qualify as eligible dividends.

About Emera Inc.

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $30 billion in assets and 2017 revenues of more than $6 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera continues to target achieving a minimum of 75% of its adjusted net income from rate-regulated businesses. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005503/en/

CONTACT: Emera Inc.

Investor Relations:

Ken McOnie, 902-428-6945

Kenneth.McOnie@emera.com

Or

Erin Power 902-428-6760

Erin.Power@emera.com

or

Media:

902-222-2683

media@emera.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: ENERGY OIL/GAS UTILITIES

SOURCE: Emera Inc.

Copyright Business Wire 2018.

PUB: 09/28/2018 01:22 PM/DISC: 09/28/2018 01:22 PM

http://www.businesswire.com/news/home/20180928005503/en

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