Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 44

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 44
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 the profits and losses of, or distributions of assets of, the
issuing person.

“Interest Payment Period”
means the semi-annual period from and including an interest payment date to but excluding the next succeeding interest payment date, except
for the first Interest Payment Period which shall be the period from and including the original issue date to but excluding ,
2026.

Redemption

Optional Redemption

The Issuer may redeem some
or all of the Notes, at its option, in whole or in part (i) on any day in the period commencing on the date falling 90 days prior to the
First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any interest payment date, at
a redemption price in cash equal to 100% of the principal amount of the Notes being redeemed, plus, subject to the terms described in
the first paragraph under “—Redemption Procedures; Cancellation of Redemption” below, accrued and unpaid interest on
the Notes to be redeemed to but excluding the redemption date.

Redemption Following a
Tax Event

The Issuer may at its option
redeem the Notes, in whole but not in part, at any time following the occurrence and during the continuance of a Tax Event (as defined
below) at a redemption price in cash equal to 100% of the principal amount of the Notes, plus, subject to the terms described in the first
paragraph under “—Redemption Procedures; Cancellation of Redemption” below, accrued and unpaid interest on the Notes
to but excluding the redemption date.

A “Tax Event”
means that the Issuer has received an opinion of counsel experienced in such matters to the effect that, as a result of:

<div align='center'>S-24</div>

| a. | any amendment to, clarification of, or change, including any announced prospective change, in the laws                                        
 or treaties of the United States or any of its political subdivisions or taxing authorities, or any regulations under those laws or treaties; |

| b. | an administrative action, which means any judicial decision or any official administrative pronouncement,                                 
 ruling, regulatory procedure, notice or announcement, including any notice or announcement of intent to issue or adopt any administrative 
 pronouncement, ruling, regulatory procedure or regulation;                                                                                |

| c. | any amendment to, clarification of, or change in the official position or the interpretation of any administrative                           
 action or judicial decision or any interpretation or pronouncement that provides for a