Fortis Announces $250 Million Bought Deal Offering of Series K First Preference Shares (Fortis Inc)

(Source: Fortis Inc) FOR IMMEDIATE RELEASE: St. John's, NL (July 9, 2013): FORTIS INC. ANNOUNCES $250 MILLION BOUGHT DEAL OFFERING OF SERIES K FIRST PREFERENCE SHARES Not for distribution to U.S. news wire services or dissemination in the United States. Fortis Inc. ("Fortis" or the "Corporation") (TSX:FTS) announced today that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc., CIBC and Scotiabank, (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Fortis and sell to the public 10,000,000 Cumulative Redeemable Fixed Rate Reset First Preference...