Emera Renews At-The-Market Equity Program

Executive Summary

• Emera Inc. announced the renewal of its at‑the‑market (ATM) equity program, authorizing up to C$600 million of common shares to be sold from treasury on a discretionary basis.
• The ATM program will remain in effect until January 5 2029 and is intended to provide additional financing flexibility for general corporate purposes.
• The renewal was accompanied by the filing of Canadian and U.S. prospectus supplements and an equity distribution agreement with BMO Nesbitt Burns, RBC Dominion Securities, Scotia Capital (Canada) and their U.S. counterparts.

Key Details

• Program Capacity: Up to C$600 million of common shares may be issued under the ATM program.
• Effective Period: The renewed ATM program is effective until 5 January 2029 unless terminated earlier by Emera.
• Distribution Mechanics: Shares will be sold through the TSX, NYSE, or any other marketplace where they are listed; sales will be conducted pursuant to an Equity Distribution Agreement dated 5 December 2025.
• Agents: Canadian agents – BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc.; U.S. agents – BMO Capital Markets Corp., RBC Capital Markets, LLC, and Scotia Capital (USA) Inc.
• Use of Proceeds: Net proceeds, if any are raised, will be used for general corporate purposes.
• Regulatory Filings:
• Canadian prospectus supplement filed to the short‑form base shelf prospectus (Shelf Prospectus).
• U.S. prospectus supplement filed to the Form F‑10 registration statement.
• Access to Documents: Prospectus supplements and related agreements are available on SEDAR+ (Canada) and EDGAR (U.S.) or can be requested directly from the listed agents.

Notable Quotes

(No direct quotes were included in the release.)