Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 73

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 73
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-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

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

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 Consequences to U.S. Holders”
above), except that the Non-U.S. Holder will be required to provide to the applicable withholding agent a properly executed IRS Form W-8ECI
in order to claim an exemption from withholding tax on interest. These Non-U.S. Holders should consult their tax advisors with respect
to other U.S. tax consequences of the ownership and disposition of Notes, including, in the case of a corporation, the possible imposition
of a branch profits tax at a rate of 30% (or a lower rate under an applicable income tax treaty).

Backup Withholding and Information Reporting

Information returns generally
will be filed with the IRS in connection with interest payments on the Notes.

Copies of the information
returns reporting such interest payments and any withholding may also be made available to the tax authorities in the country in which
the Non-U.S. Holder resides under the provisions of an applicable income tax treaty. Unless the Non-U.S. Holder complies with certification
procedures to establish that it is not a United States person, information returns may be filed with the IRS in connection with the proceeds
from a sale or other disposition of the Notes, and