Canada NewsWire
CALGARY, Feb. 10, 2017
CALGARY, Feb. 10, 2017 /CNW/ - TransAlta Corporation
("TransAlta" or the "Corporation") (TSX: TA, NYSE: TAC) announced today that it is not proceeding with the
previously announced transaction pursuant to which all the currently outstanding first preferred shares in the capital of the
Corporation would be exchanged for shares in a single new series of cumulative redeemable minimum rate reset first preferred
shares in the capital of the Corporation. In light of the decision to terminate such transaction, the special meetings of
preferred shareholders of the Corporation scheduled for February 16, 2017 have been
cancelled.
About TransAlta Corporation
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta
maintains a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia.
TransAlta's focus is to efficiently operate wind, hydro, solar, natural gas and coal facilities in order to provide customers
with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor
to the communities in which it works and lives. TransAlta has been recognized on CDP's Canadian Climate Disclosure Leadership
Index (CDLI), which includes Canada's top 20 leading companies reporting on climate change, and
has been selected by Corporate Knights as one of Canada's Top 50 Best Corporate Citizens and is
recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.
For more information about TransAlta, visit our web site at transalta.com, or follow us on Twitter @TransAlta.
SOURCE TransAlta Corporation
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2017/10/c2150.html