TransAlta Corporation Announces Conversion Results for Series A and B Preferred Shares

Core Viewpoint - TransAlta Corporation announced the conversion details of its preferred shares, indicating that no Series A Shares will convert to Series B Shares, while a portion of Series B Shares will convert to Series A Shares on March 31, 2026 [1]. Group 1: Share Conversion Details - None of the 9,629,913 currently outstanding Series A Shares will be converted into Series B Shares on March 31, 2026 [1]. - A total of 1,148,549 of the 2,370,087 currently outstanding Series B Shares will be converted into Series A Shares on the same date [1]. - Following these conversions, TransAlta will have 10,778,462 Series A Shares and 1,221,538 Series B Shares outstanding [1]. Group 2: Company Overview - TransAlta is one of Canada's largest publicly traded power generators, providing reliable electricity across Canada, the United States, and Western Australia [3]. - The company has over 100 years of experience in operating and evolving essential energy infrastructure [3]. - TransAlta's diverse technology portfolio and disciplined execution enable it to deliver dependable power while adapting to changing energy systems [3].