Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 71

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 71
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 equal to the amount of the cash payment due immediately following the end of that period. Any
OID included in income would increase U.S. Holders’ adjusted tax basis in their Notes, and their actual receipt of cash interest
payments would reduce that adjusted tax basis.

Sale, Exchange or Retirement of the Notes

Upon the sale, exchange or
retirement of a Note that is a taxable disposition, a U.S. Holder will recognize taxable gain or loss equal to the difference between
the amount realized on such sale, exchange or retirement and the U.S. Holder’s adjusted tax basis in the Note, which will generally
equal the cost of the Note. For these purposes, the amount realized does not include any amount attributable to accrued interest. Amounts
attributable to accrued interest are treated as interest as described under “Payments of Interest” above. If the Notes are
treated as having been issued or reissued with OID, such adjusted tax basis will also be increased by the amount of any OID previously
included in a

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U.S. Holder’s gross income
with respect to the Notes and decreased by any payments received on the Notes since and including the date that the Notes were deemed
to be issued with OID.

Gain or loss realized on
the sale, exchange or retirement of a Note will generally be capital gain or loss and will be long-term capital gain or loss if at the
time of sale, exchange or retirement the Note has been held for more than one year. The deductibility of capital losses is subject to
limitations.

Backup Withholding and Information Reporting

Information returns generally
will be filed with the IRS in connection with payments on the Notes (including OID) and the proceeds from a sale or other disposition
of the Notes. A U.S. Holder will be subject to backup withholding on these payments if the U.S. Holder fails to provide its correct taxpayer
identification number to the applicable withholding agent and comply with certain certification procedures or otherwise establish an exemption
from backup withholding. Backup withholding is not an additional tax. The amount of any backup withholding from a payment to a U.S. Holder
will be allowed as a credit against the U.S. Holder’s U.S. federal income tax liability and may entitle the U.S. Holder to a refund,
provided that the required information is timely furnished to the IRS.

Tax Consequences to Non-U.S. Holders

As used herein, the term
“Non-U.S. Holder” means a