Mr. Karl Smith reports

FORTIS INC. ANNOUNCES SALE OF HOTEL ASSETS

Fortis Inc. has signed an agreement with a private investor group for the sale of the hotel assets of Fortis Properties Corp. for $365-million. The portfolio comprises 22 hotels located in seven Canadian provinces.

The hotel transaction is subject to certain closing conditions and is expected to be completed in the fall of 2015. The sale of Fortis Properties' commercial real estate portfolio for $430-million was completed on June 30, 2015.

"The disposition of these hotel and real estate assets is consistent with the corporation's focus on its core utility business. Postclosing of the hotel transaction, virtually all of the corporation's assets will be comprised of regulated utilities and long-term contracted energy infrastructure," said Barry Perry, president and chief executive officer of Fortis.

We seek Safe Harbor.