Emera, Inc.

Emera Inc. Preferred Stock 6.434% Perpetual is a type of equity security offered by Emera Inc., a North American energy company. This preferred stock is designed to provide investors with a stable and consistent income stream through its fixed dividend rate of 6.434% per annum on the issue price. As a perpetual preferred stock, it does not have a maturity date, meaning dividends are intended to be paid indefinitely, subject to the company's decision and specific market conditions. Emera Inc. plays a significant role in the energy sector, primarily focusing on electricity generation and utility services. Holders of these shares receive dividend payments that take priority over common stock dividends and have a higher claim in the event of a company liquidation. This preferred stock is integral in providing the company with capital while offering investors a hybrid investment option, blending characteristics of both equity and fixed-income products. Its perpetual nature and preferred dividend status make it a unique instrument in the market for income-seeking participants.