Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 78

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 78
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 given as to the liquidity of the trading market for the Notes or that an active public market for the Notes will develop. If an
active public trading market for the Notes does not develop, the market price and liquidity of the Notes may be adversely affected.

The following table shows
the underwriting discount that we will pay the underwriters in connection with this offering (expressed as a percentage of the principal
amount of the Notes).

|          |     | Paid by       
 EUSHI Finance |       |   |
| Per Note |     |               | 1.000 | % |

We estimate that our total
expenses for this offering, excluding the underwriting discount, will be US$2.5 million.

The underwriters or their
respective affiliates perform and have performed commercial banking, investment banking and advisory services for us from time to time
for which they receive and have received customary fees and expenses. The underwriters and their affiliates may, from time to time, engage
in transactions with and perform services for us in the ordinary course of their business. In addition, in the ordinary course of their
business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity
securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts
of their customers. These investments and securities activities may involve securities and/or instruments of ours or our affiliates. The
underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect
of these securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in these
securities and instruments.

If any of the underwriters
or their affiliates has a lending relationship with us or our affiliates, certain of those underwriters or their affiliates routinely
hedge, certain other of those underwriters or their affiliates have hedged and are likely in the future to hedge, and certain other of
those underwriters of their affiliates may hedge, their credit exposure to us consistent with their customary risk management policies.
Typically, these underwriters and their affiliates would hedge that exposure by entering into transactions which consist of either the
purchase of credit default swaps or the creation of short positions in our affiliates’ securities, including potentially the Notes
offered hereby. Any of these credit default swaps or short positions could adversely affect future trading prices of the Notes offered
hereby.

Affiliates of RBC Capital