Fortis Inc. Announces Completion of 2023 Year-End Disclosure Documentation

Fortis Inc. (TSX: FTS, a leading utility company providing gas and electric services to customers in Canada, the United States, and the Caribbean, has filed its year-end disclosure documents for the year 2023. With a reaffirmation of its commitment to transparency and compliance, the utility major embraces another milestone by integrating the required disclosures within its ongoing communications to investors and stakeholders. This move underscores Fortis's adherence to high standards of corporate governance and investor relations.

Integration with the Base Shelf Prospectus

In alignment with regulatory requisites, Fortis Inc. has incorporated the news release into the prospectus supplement dated September 19, 2023. This supplement is a part of Fortis' short form base shelf prospectus that originally dates back to November 21, 2022. The prospectus supplement and the base shelf prospectus together provide the company with a streamlined mechanism to raise capital through securities offerings, when needed, over a 25-month period that commenced on the date of the base shelf prospectus.

Strategy for Investor Communication

Classified as a "Designated News Release," this announcement by Fortis Inc. is pivotal for ensuring that the investors have access to the most current and comprehensive information about the company's financial position and strategic direction. The designation indicates the inclusion of key information into the public domain, merging regulatory disclosure with investor communication efforts efficiently. This approach benefits both the company and its investor community, providing clarity and consistency in the information relayed.

About Fortis Inc.

Headquartered in St. John's, Canada, Fortis Inc. has carved a niche for itself in the utilities sector across North America and the Caribbean. Its focus remains on delivering reliable gas and electrical services while expanding its operations through strategic acquisitions and investments. As a publicly traded company, Fortis Inc. remains committed to enhancing shareholder value while maintaining a strong emphasis on sustainable growth and responsible resource management.

Investment, Disclosure, Utility