Fortis Inc. Announces Series M First Preference Share Fourth Quarter Dividend-2014

09/23/2014 11:37 EST

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR - In addition to the dividends announced on August 14, 2014, the Board of Directors of Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) has declared a dividend of $0.2050 per share on the First Preference Shares, Series "M" of the Corporation, payable on December 1, 2014 to the Shareholders of Record at the close of business on November 18, 2014. Fortis has designated this dividend as an eligible dividend for federal and provincial dividend tax credit purposes.

Fortis is the largest investor-owned distribution utility in Canada, with total assets approaching $25 billion and fiscal 2013 revenue exceeding $4 billion. Its regulated utilities account for approximately 93% of total assets and serve more than 3 million customers across Canada and in the United States and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation's non-utility investments are comprised of hotels and commercial real estate in Canada.

The Common Shares; First Preference Shares, Series E; First Preference Shares, Series F; First Preference Shares, Series G; First Preference Shares, Series H; First Preference Shares, Series J; First Preference Shares, Series K; First Preference Shares, Series M; and Installment Receipts of Fortis are listed on the Toronto Stock Exchange and trade under the symbols FTS, FTS.PR.E, FTS.PR.F, FTS.PR.G, FTS.PR.H, FTS.PR.J, FTS.PR.K, FTS.PR.M and FTS.IR, respectively. Fortis information can be accessed on the Corporation's website at www.fortisinc.com and on SEDAR at www.sedar.com.

Ms. Donna Hynes
Manager, Investor & Public Relations
Fortis Inc.
709.737.2800

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