Fortis Inc. Provides New Five-year Capital Outlook, Extends Dividend Guidance and Announces Target to Reduce Carbon Emissions - Seite 3

$0.2745625 per share on the First Preference Shares, Series "G" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020;

$0.11469 per share on the First Preference Shares, Series "H" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020;

$0.100661 per share on the First Preference Shares, Series "I" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020;

$0.2969 per share on the First Preference Shares, Series "J" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020;

$0.2455625 per share on the First Preference Shares, Series "K" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020;

$0.2445625 per share on the First Preference Shares, Series "M" of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020; and

$0.505 per share on the Common Shares of the Corporation, payable on December 1, 2020 to the Shareholders of Record at the close of business on November 18, 2020.

The Corporation has designated the common share dividend and preference share dividends as eligible dividends for federal and provincial dividend tax credit purposes.

About Fortis
Fortis is a well-diversified leader in the North American regulated electric and gas utility industry, with 2019 revenue of $8.8 billion and total assets of $56 billion as at June 30, 2020. The Corporation's 9,000 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.

Forward-Looking Information
Fortis includes forward-looking information in this media release within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as anticipates, believes, budgets, could, estimates, expects, forecasts, intends, may, might, plans, projects, schedule, should, target, will, would and the negative of these terms and other similar terminology or expressions have been used to identify the forward-looking information, which includes, without limitation: forecast capital expenditures and expected funding sources for 2020 and the period from 2021 through 2025; targeted average annual dividend growth through 2025; the 2035 carbon emissions reduction target; forecast rate base for 2023 and 2025; TEP's carbon emissions reduction target, 2035 generation mix and coal-fired generation retirements; and the expectation that execution of the carbon emissions target as well as key industry trends will drive incremental investments beyond the five-year capital plan.