TransAlta Declares Dividends

Rhea-AI Summary

TransAlta (TSX: TA) (NYSE: TAC) has announced its quarterly dividend declarations for its Cumulative Redeemable Rate Reset First Preferred Shares for the period from March 31, 2025, to June 30, 2025.

The dividend rates and amounts per share for each series are:

• Series A (TA.PR.D): 2.877% at $0.17981
• Series B (TA.PR.E): 4.868% at $0.30342
• Series C (TA.PR.F): 5.854% at $0.36588
• Series D (TA.PR.G): 5.938% at $0.37011
• Series E (TA.PR.H): 6.894% at $0.43088
• Series G (TA.PR.J): 6.773% at $0.42331

All dividends are in Canadian dollars with a record date of June 1, 2025, and payment date of June 30, 2025. Series B and D feature quarterly floating rates that reset each quarter.

Positive

• Consistent dividend payments across all preferred share series
• High dividend yields ranging from 2.877% to 6.894%

Negative

• None.

CALGARY, Alberta, April 23, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including March 31, 2025, up to but excluding June 30, 2025:

Preferred Shares	TSX Stock Symbol	Dividend Rate	Dividend Per Share		Record Date	Payment Date
Series A	TA.PR.D	2.877%	$0.17981		June 1, 2025	June 30, 2025
Series B*	TA.PR.E	4.868%	$0.30342		June 1, 2025	June 30, 2025
Series C	TA.PR.F	5.854%	$0.36588		June 1, 2025	June 30, 2025
Series D*	TA.PR.G	5.938%	$0.37011		June 1, 2025	June 30, 2025
Series E	TA.PR.H	6.894%	$0.43088		June 1, 2025	June 30, 2025
Series G	TA.PR.J	6.773%	$0.42331		June 1, 2025	June 30, 2025

* Please note the quarterly floating rate on the Series B and Series D Preferred Shares will be reset every quarter.

All currency is expressed in Canadian dollars (unless otherwise noted). When the dividend payment date falls on a weekend or holiday the payment is made the following business day.

About TransAlta Corporation:

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.

For more information about TransAlta, visit our web site at transalta.com.

For more information:

Investor Inquiries:	Media Inquiries:
Phone: 1-800-387-3598 in Canada and US	Phone: 1-855-255-9184
Email: investor_relations@transalta.com	Email: ta_media_relations@transalta.com

FAQ

What are the dividend payment dates for TransAlta (TAC) preferred shares in Q2 2025?

TransAlta's preferred shares dividends will be paid on June 30, 2025, with a record date of June 1, 2025.

Which TransAlta (TAC) preferred share series offers the highest dividend rate in Q2 2025?

Series E (TA.PR.H) offers the highest dividend rate at 6.894%, paying $0.43088 per share.

What are the floating rate preferred shares series of TransAlta (TAC)?

Series B (TA.PR.E) and Series D (TA.PR.G) are the floating rate preferred shares that reset quarterly.

How much is the dividend for TransAlta (TAC) Series B preferred shares?

TransAlta Series B preferred shares (TA.PR.E) will pay a dividend of $0.30342 per share at a 4.868% rate.