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TransAlta Declares Dividends

Press Release

CALGARY, Alberta (April 15, 2019) – The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC) today declared a quarterly dividend of $0.04 per common share payable on July 1, 2019 to shareholders of record at the close of business on June 3, 2019.

The Board of Directors also declared the following quarterly dividend on its Cumulative Redeemable Rate Reset First Preferred Shares for the period starting from and including March 31, 2019 up to but excluding June 30, 2019:

Preferred Shares TSX Stock Symbol Dividend Rate Dividend Per Share Record Date Payment Date
Series A TA.PR.D 2.709% $0.16931 June 3, 2019 June 30, 2019
Series B* TA.PR.E 3.712% $0.23136 June 3, 2019 June 30, 2019
Series C TA.PR.F 4.027% $0.25169 June 3, 2019 June 30, 2019
Series E TA.PR.H 5.194% $0.32463 June 3, 2019 June 30, 2019
Series G TA.PR.J 5.300% $0.33125 June 3, 2019 June 30, 2019

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

All currency is expressed in Canadian dollars except where 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. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.

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

For more information:

Investor Inquiries:
Sally Taylor
Manager, Investor Relations
Phone: 1-800-387-3598 in Canada and U.S.
Email: [email protected]

Media Inquiries:
Phone: Toll-free media number: 1-855-255-9184
Email: [email protected]

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