Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 29

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 29
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If the Issuer defers interest
payments on the Notes, a holder of the Notes subject to U.S. federal income tax on a net income basis will be required to accrue interest
income for U.S. federal income tax purposes in respect of such holder’s proportionate share of the accrued but unpaid interest on
the Notes, even if such holder normally reports income when received. As a result, a holder will be required to include the accrued interest
in such holder’s gross income for U.S. federal income tax purposes even though such holder will not have received any cash. A holder’s
adjusted tax basis in a Note generally will be increased by such amounts that it was required to include in gross income. In addition,
unpaid interest accrued on the Notes during an Optional Deferral Period will be payable on the interest payment date immediately following
the last day of such Optional Deferral Period. If a holder sells its Notes on or before the record date for such interest payment date,
then all of the interest accrued on such Notes during the Optional Deferral Period will be paid to the person who is the registered owner
of those Notes at the close of business on such record date, and the holder who sold those Notes will not receive from the Issuer any
of the interest that accrued on those Notes during the Optional Deferral Period and that such holder reported as income for tax purposes.
Holders should consult with their tax advisors regarding the tax consequences of an investment in the Notes. For more information regarding
the tax consequences of purchasing, owning and disposing of the Notes, see “Material Income Tax Considerations.”

The Issuer may choose to
redeem the Notes prior to maturity.

The Issuer may at its option
redeem the Notes in whole or in part at the times and the applicable redemption price described herein. See “Description of the
Notes—Redemption.” The Issuer may choose to redeem your Notes at a time when prevailing interest rates are lower than the
interest rate paid on your Notes. If prevailing interest rates are lower at the time of redemption, you may not be able to reinvest the
redemption proceeds in a comparable security at an effective interest rate as high as the interest rate of the Notes being redeemed.

The historical Five-year
U.S. Treasury Rates are not an indication of future Five-year U.S. Treasury Rates.

The annual interest rate
on the Notes for each Reset Period will be set by reference to the Five-year U.S. Treasury Rate as of the most recent Reset Interest Determin