TransAlta Declares Dividends

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TransAlta Corporation (TSX: TA) (NYSE: TAC) declares quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from December 31, 2023, to March 31, 2024. The dividend rates range from 2.877% to 8.142%, with dividend per share varying from $0.17981 to $0.50609. Record date is March 1, 2024, and payment date is March 31, 2024.

CALGARY, AB, Dec. 11, 2023 /PRNewswire/ - The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including December 31, 2023, up to but excluding March 31, 2024:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share	Record Date	Payment Date
Series A	TA.PR.D	2.877 %	$0.17981	March 1, 2024	March 31, 2024
Series B*	TA.PR.E	7.072 %	$0.43958	March 1, 2024	March 31, 2024
Series C	TA.PR.F	5.854 %	$0.36588	March 1, 2024	March 31, 2024
Series D*	TA.PR.G	8.142 %	$0.50609	March 1, 2024	March 31, 2024
Series E	TA.PR.H	6.894 %	$0.43088	March 1, 2024	March 31, 2024
Series G	TA.PR.J	4.988 %	$0.31175	March 1, 2024	March 31, 2024

*Please note the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.

All currency is expressed in Canadian dollars except where noted. When the dividend payment date falls on a weekend or holiday, the payment is made the following business day.

About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydro-electric power. For over 112 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and its climate change strategy with CDP (formerly Climate Disclosure Project) and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 68 per cent reduction in GHG emissions or 22 million tonnes since 2015 and has received scores of A- from CDP and AA from MSCI.

For more information about TransAlta, visit its website at transalta.com. 

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SOURCE TransAlta Corporation

What is the dividend rate for TransAlta Corporation's Series A Preferred Shares (TA.PR.D)?

The dividend rate for Series A Preferred Shares is 2.877%.

When is the record date for TransAlta Corporation's Series B Preferred Shares (TA.PR.E)?

The record date for Series B Preferred Shares is March 1, 2024.

What is the dividend per share for TransAlta Corporation's Series D Preferred Shares (TA.PR.G)?

The dividend per share for Series D Preferred Shares is $0.50609.

How often is the quarterly floating rate reset for TransAlta Corporation's Series B and Series D Preferred Shares?

The quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.

In which currency are the dividend payments expressed?

All currency is expressed in Canadian dollars except where noted.

What happens if the dividend payment date falls on a weekend or holiday?

When the dividend payment date falls on a weekend or holiday, the payment is made the following business day.