<SEC-DOCUMENT>0001279569-21-000255.txt : 20210302
<SEC-HEADER>0001279569-21-000255.hdr.sgml : 20210302
<ACCEPTANCE-DATETIME>20210302060722
ACCESSION NUMBER:		0001279569-21-000255
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210301
FILED AS OF DATE:		20210302
DATE AS OF CHANGE:		20210302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRANSALTA CORP
		CENTRAL INDEX KEY:			0001144800
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15214
		FILM NUMBER:		21701196

	BUSINESS ADDRESS:	
		STREET 1:		110 12TH AVE SW BOX 1900 STATION M
		STREET 2:		CALGARY ALBERTA T2P 2MI
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P2M1
		BUSINESS PHONE:		403-267-4724

	MAIL ADDRESS:	
		STREET 1:		110-12TH AVENUE SW
		CITY:			CALGARY ALBERTA CANADA
		STATE:			A0
		ZIP:			T2P2M1
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>transalta6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 10pt 0 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"><FONT STYLE="font-size: 14pt">SECURITIES
AND EXCHANGE COMMISSION<BR>
</FONT><FONT STYLE="font-size: 12pt">WASHINGTON, D.C. 20549 </FONT></P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE&nbsp;13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>For the month of March, 2021<BR>
Commission File Number 001-15214</B></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 20pt">TRANSALTA
CORPORATION<BR>
</FONT><FONT STYLE="font-size: 10pt; font-weight: normal">(Translation of registrant's name into English)</FONT></P>
<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 10pt 0 6pt; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center"><B>110-12th Avenue S.W., Box 1900, Station
&ldquo;M&rdquo;, Calgary, Alberta, Canada, T2P 2M1</B><BR>
(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 50%; font: bold 12pt Times New Roman, Times, Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt; font-weight: normal">Form&nbsp;40-F&nbsp;<FONT STYLE="font-family: Wingdings">&#254;</FONT></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1). _____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: justify">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7). _____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: left">Signatures</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 24pt 0 0 3in"><B>&nbsp;</B></P>

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    <TD COLSPAN="2" STYLE="font-size: 10pt"><B>TRANSALTA CORPORATION</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 13%; font-size: 10pt">By:</TD>
    <TD STYLE="width: 87%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Todd Stack</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Name: Todd Stack</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">Title: Chief Financial Officer</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0">Date: March 1, 2021</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center">EXHIBIT INDEX</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><B>Exhibit Number</B></P></TD>
    <TD STYLE="width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 81%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; border-bottom: Black 1pt solid"><B>Description of Document</B></P></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><A HREF="ex991.htm">99.1</A></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><A HREF="ex991.htm">&ldquo;TransAlta Corporation Provides Conversion Right and Dividend Rate Notice for Series A and B Preferred Shares&rdquo;</A> </TD></TR>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="margin: 0; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 24pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TransAlta Corporation Provides Conversion
Right and Dividend Rate Notice for Series A and B Preferred Shares</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CALGARY, AB, March 1, 2021 /CNW/ - TransAlta
Corporation (&quot;TransAlta&quot;&nbsp;or the &quot;Company&quot;) (TSX: TA) (NYSE: TAC)&nbsp;announced today that it does not
intend to exercise its right to redeem all or any portion of the currently outstanding Cumulative Redeemable Rate Reset First Preferred
Shares, Series A (&quot;Series A Shares&quot;) (TSX: TA.PR.D) and the Cumulative Redeemable Floating Rate First Preferred Shares,
Series B (&quot;Series B Shares&quot;) (TSX: TA.PR.E) on March 31, 2021 (the &quot;Conversion Date&quot;).</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As a result,&nbsp;and subject to certain conditions,
the holders of the Series A Shares will have the right to elect to: (a) retain any or all of their Series A Shares and continue
to receive a fixed rate quarterly dividend; or (b) convert all or any of their Series A Shares into Series B Shares on the basis
of one Series B Share for each Series A Share on the Conversion Date and receive a floating rate quarterly dividend. &nbsp;&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Comparably, subject to certain conditions,
the holders of the Series B Shares will have the right to elect to: (a) retain any or all of their Series B Shares and continue
to receive a floating rate quarterly dividend; or (b) convert all or any of their Series B Shares into Series A Shares on the basis
of one Series A Share for each Series B Share on the Conversion Date and receive a fixed rate quarterly dividend.&nbsp;&nbsp; &nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">As provided in the share terms, the foregoing
conversion right is subject to the conditions that: (i) if TransAlta determines that there would remain outstanding immediately
following the conversion, less than 1,000,000 Series A Shares, holders of Series B Shares shall not be entitled to convert their
shares into Series A Shares, and the remaining Series A Shares will automatically convert to Series B Shares, on the Conversion
Date; or (ii) if TransAlta determines that there would remain outstanding immediately after the conversion, less than 1,000,000
Series B Shares, holders of Series A Shares shall not be entitled to convert their shares into Series B Shares, and the remaining
Series B Shares will automatically convert to Series A Shares, on the Conversion Date.&nbsp; There are currently 10,175,380 Series
A Shares outstanding and 1,824,620 Series B Shares.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Should a holder of Series A Shares choose to
retain their shares, such shareholders will receive quarterly fixed dividend rate applicable to Series A Shares of 0.71925% (2.87700%
on an annualized basis) for the five-year period from and including March 31, 2021 to but excluding March 31, 2026. Should a holder
of Series A Shares choose to convert their shares to Series B Shares, the Series B Shares that may be issued on the Conversion
Date will receive the floating quarterly dividend rate applicable to the Series B Shares of 0.52431% (2.10300% on an annualized
basis) for the three-month period from and including March 31, 2021 to but excluding June 30, 2021. &nbsp;The floating dividend
rate will be reset every quarter. &nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Should a holder of Series B Shares choose to
retain their shares, such shareholders will receive the floating quarterly dividend rate applicable to Series B Shares of 0.52431%
(2.10300% on an annualized basis) for the three-month period from and including March 31, 2021 to but excluding June 30, 2021.
The floating dividend rate will be reset every quarter. Should a holder of Series B Shares choose to convert their shares to Series
A Shares, holders of Series A Shares will receive the new fixed quarterly dividend rate applicable to the Series A Shares of 0.71925%
(2.87700% on an annualized basis) for the five-year period from and including March 31, 2021 to but excluding March 31, 2026.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The Series A Shares and Series B Shares are
issued in &quot;book entry only&quot; form and&nbsp;must be purchased or transferred through a participant in the CDS depository
service (&quot;CDS Participant&quot;). All rights of holders of Series A Shares and Series B Shares must be exercised through CDS
or the CDS Participant through which the shares are held. The deadline for the registered shareholder to provide notice of exercise
of the right to convert Series A Shares into Series B Shares, or Series B Shares into Series A Shares, as applicable, is 3:00 p.m.
(MST) / 5:00 p.m. (EST) on March 16, 2021. &nbsp;Any notices received after this deadline will not be valid. As such, holders of
Series A Shares or Series B Shares who wish to exercise their right to convert their shares should contact their broker or other
intermediary for more information and it is recommended that this be done as soon as possible and well in advance of the deadline
in order to provide the broker or other intermediary with time to complete the necessary steps.</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">If TransAlta does not receive an election notice
from a holder of Series A Shares or Series B Shares during the time fixed therefor, then such shares shall be deemed not to have
been converted (except in the case of an automatic conversion described above). Holders of the Series A Shares and the Series B
Shares will have the opportunity to convert their shares again on March 31, 2026, and every five years thereafter as long as the
shares remain outstanding.&nbsp;For more information on the terms of the Series A Shares and the Series B Shares, please see TransAlta's
articles of amalgamation, including the share terms and shares in series schedule attached thereto as Schedule &quot;A&quot;, which
are available on the Company's website under Governance.&nbsp;&nbsp;</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>About TransAlta Corporation:<BR>
</I></B><I>TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States
and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses
and utility customers clean, affordable, energy efficient, and reliable power. Today, TransAlta is one of Canada's largest producers
of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator
and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development
Goals and we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management,
having recently achieved an A- score from CDP. </I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>For more information about TransAlta, visit
our web site at transalta.com.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B><I>Forward-Looking Information </I></B></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This news release contains certain information
that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such
as &quot;may&quot;, &quot;will&quot;, &quot;should&quot;, &quot;estimate&quot;, &quot;intend&quot; or other similar words). Specifically,
this news release contains forward-looking information with respect to the Company, the Series A Shares and the Series B Shares,
including but not limited to future conversions, redemptions and dividends. All forward-looking information reflect the Company's
beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date
it is expressed in this press release. TransAlta undertakes no obligation to update or revise any forward-looking information except
as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual
results to differ from those in the forward-looking information, refer to the Company's Annual Report and Management's Discussion
and Analysis, and the risks set out in the prospectus supplement dated Dec. 3, 2010 relating to the issuance of the Series A Shares,
filed under the Company's profile on SEDAR at www.sedar.com&nbsp; and with the U.S. Securities and Exchange Commission at www.sec.gov.</I></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content:http://www.prnewswire.com/news-releases/transalta-corporation-provides-conversion-right-and-dividend-rate-notice-for-series-a-and-b-preferred-shares-301238010.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE TransAlta Corporation</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content: http://www.newswire.ca/en/releases/archive/March2021/01/c7419.html</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001144800</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>Investor Inquiries: Phone: 1-800-387-3598
in Canada and U.S., Email: investor_relations@transalta.com; Media Inquiries: Phone: Toll-free media number: 1-855-255-9184, Email:
ta_media_relations@transalta.com</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: TransAlta Corporation</P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 22:23e 01-MAR-21</P>

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