Business: Fortis, Inc. Cumulative Redeemable Five-Year Fixed Rate Reset First Preference Shares, Series G lliquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on 09/01/2013 and every September 1st in every fifth year thereafter at $25 Canadian dollars per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 5.25% until the first redemption date, then it will be equal to the sum of the Government of Canada 5yr bond Bond Yield on the applicable fixed rate calculation date plus 2.13%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). <p> The eligibility of this security for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also the eligibility for the dividends received deduction for corporate holders is unknown. <p> In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.