From GlobeNewswire: 2025-06-02 06:00:00

Fortis Inc. announced the conversion of 11,298 Series H Shares into Series I Shares and 248,830 Series I Shares into Series H Shares, resulting in 7,902,614 Series H Shares and 2,097,386 Series I Shares outstanding. The Series H Shares will pay a fixed quarterly dividend of 4.183 percent for five years, while the Series I Shares will pay a floating quarterly dividend based on the three-month Government of Canada Treasury Bill rate plus 1.450 percent. Fortis is a North American leader in the regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $75 billion as of March 31, 2025. Shares trade under FTS on the TSX and NYSE.



Read more at GlobeNewswire: Fortis Inc. Announces Results of Series H First Preference