Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 72

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 72
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 through stock ownership; and                                                                                               |

| · | the Non-U.S. Holder certifies on a properly executed IRS Form W-8 appropriate to the Non-U.S. Holder’s                                
 circumstances, under penalties of perjury, that it is not a United States person. Special certification rules apply to Notes that are 
 held through non-U.S. intermediaries.                                                                                                 |

Subject to the discussion
below concerning income of a Non-U.S. Holder that is effectively connected with the conduct of a trade or business in the United States,
if a Non-U.S. Holder cannot satisfy the requirements described above, payments of interest on the Notes to such Non-U.S. Holder will generally
be subject to 30% U.S. federal withholding, unless the Non-U.S. Holder provides the applicable withholding agent with a properly executed
IRS Form W-8 appropriate to the Non-U.S. Holder’s circumstances claiming an exemption from or reduction in withholding under an
applicable income tax treaty and complies with any other applicable procedures. See the discussion below under “FATCA” regarding
withholding on interest under the FATCA rules.

Sale, Exchange or Retirement of the Notes

<div align='center'>S-40</div>

A Non-U.S. Holder of a Note
will not be subject to U.S. federal income tax on gain realized on the sale, exchange or retirement of such Note, unless the gain is effectively
connected with the conduct by the Non-U.S. Holder of a trade or business in the United States, subject to an applicable income tax treaty
providing otherwise, although any amounts attributable to accrued interest will generally be treated as described above under “Payments
on the Notes.” See the discussion below under “FATCA” regarding withholding under the FATCA rules on gross proceeds
of the sale, exchange or retirement of the Notes.

Non-U.S. Holder Engaged in a U.S. Trade or Business

If a Non-U.S. Holder of a
Note is engaged in a trade or business in the United States, and if income or gain on the Note is effectively connected with the conduct
of this trade or business (and if required by an applicable income tax treaty, the income or gain is attributable to a permanent establishment
or fixed base maintained by the Non-U.S. Holder in the United States), the Non-U.S. Holder, although exempt from the withholding tax on
interest discussed above, will generally be taxed in the same manner as a U.S. Holder (see “Tax