Note
On October 10, 2023, TransAlta Corporation (TSX: TA) (“TransAlta”) completed its acquisition of all the outstanding common shares of TransAlta Renewables Inc. (TSX: RNW) (“RNW”) not already owned, directly or indirectly, by TransAlta and certain of its affiliates. Accordingly, RNW’s shares were delisted from the Toronto Stock Exchange. This event triggered an Extraordinary Non Replacement Event in connection with the Reference Portfolio of the market-linked GICs, as per the terms and conditions of the Information Statement. As such, we hereby advise the Holders of the market-linked GICs that the common shares of RNW have been deleted from the Reference Portfolio such that the Reference Portfolio Return will be calculated on the basis of the remaining Reference Assets, where the weighting of RNW’s common shares will be reallocated proportionally to the remaining Reference Assets comprising the Reference Portfolio, the whole in accordance with the terms and conditions of the Information Statement. As such, the Initial Value of the remaining Reference Assets comprising the Reference Portfolio was adjusted as of the closing of the markets on October 10, 2023.