Nova Scotia Power Inc. announces redemption of preferred shares

About this update from Emera Incorporated

[{"type":"text","content":"\n\n\n\nHALIFAX, Feb. 27 /CNW/ - Today, Nova Scotia Power Inc. (the "Company")\nannounced that effective April 1, 2009 (the "redemption date") the Company\nwill redeem all of its outstanding Cumulative Redeemable First Preferred\nShares, Series C (the "Series C shares") for a redemption price of $25.00 per\nshare.\n\n\nThe Notice of Redemption and associated documents are being sent to\nRegistered holders of these shares today. Beneficial holders of the Series C\nshares should contact the financial institution, broker or other intermediary\nthrough which they hold these shares to confirm how they will receive their\nredemption proceeds.\n\n\nAfter the redemption date, holders of the Series C shares will cease to\nbe entitled to dividends or to exercise any rights of shareholders.\n\n\nAbout Nova Scotia Power\n\n\nNova Scotia Power Inc. is the largest wholly-owned subsidiary of Emera\nInc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power\nprovides more than 95% of the generation, transmission and distribution of\nelectrical power to 480,000 customers in the province. The company is focused\non new technologies to enhance customer service and reliability, reduce\nemissions and add renewable energy. Nova Scotia Power has 1,800 employees and\n$3.5 billion in assets.\n\n\nForward Looking Information\n\n\nThis news release contains forward looking information. Actual future\nresults may differ materially. Additional financial and operational\ninformation is filed electronically with various securities commissions in\nCanada through the System for Electronic Document Analysis and Retrieval\n(SEDAR).\n\n\n","length":1726,"tagName":"div"}]

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