Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 65

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 65
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 the Notes at its corporate trust office and follow
customary practices and procedures regarding those certificated securities.

Clearstream and Euroclear

Links have been established
among DTC, Euroclear Bank SA/NV, as operator of the Euroclear System (“Euroclear”) and Clearstream Banking S.A. (“Clearstream”),
which are two European book-entry depositaries similar to DTC, to facilitate the initial issuance of the Notes sold outside of the United
States of America and cross-market transfers of the Notes associated with secondary market trading.

Although DTC, Clearstream
and Euroclear have agreed to the procedures provided below in order to facilitate transfers, they are under no obligation to perform these
procedures, and these procedures may be modified or discontinued at any time.

Clearstream and Euroclear
will record the ownership interests of their participants in much the same way as DTC, and DTC will record the total ownership of each
of the U.S. agents of Clearstream and Euroclear, as participants in DTC.

When Notes are to be transferred
from the account of a DTC participant to the account of a Clearstream participant or a Euroclear participant, the purchaser must send
instructions to Clearstream or Euroclear through a participant at least one day prior to settlement. Clearstream or Euroclear, as the
case may be, will instruct its U.S. agent to receive Notes against payment. After settlement, Clearstream or Euroclear will credit its
participant’s account. Credit for the Notes will appear on the next day (European time).

<div align='center'>S-35</div>

Because settlement is taking
place during New York business hours, DTC participants will be able to employ their usual procedures for sending Notes to the relevant
U.S. agent acting for the benefit of Clearstream or Euroclear participants. The sale proceeds will be available to the DTC seller on the
settlement date. As a result, to the DTC participant, a cross-market transaction will settle no differently than a trade between two DTC
participants.

When a Clearstream or Euroclear
participant wishes to transfer Notes to a DTC participant, the seller will be required to send instructions to Clearstream or Euroclear
through a participant at least one Business Day prior to settlement. In these cases, Clearstream or Euroclear will instruct its U.S. agent
to transfer these Notes against payment for them. The payment will then be reflected in the account of the Clearstream or Euroclear participant
the