TC Energy to Redeem Cumulative Redeemable Minimum Rate Reset First Preferred Shares, Series 13
April 01 2021 - 5:30PM
News Release – As previously indicated, TC Energy Corporation (TSX,
NYSE: TRP) (TC Energy or the Company) will redeem its issued and
outstanding Cumulative Redeemable Minimum Rate Reset First
Preferred Shares, Series 13 (Series 13 Shares) (TSX:TRP.PR.J) on
May 31, 2021 (Redemption Date) at a price equal to $25.00 per share
(Redemption Price) and provided notice today to the sole registered
holder of the Series 13 Shares in accordance with their terms.
Subject to board approval, the Company expects
to declare a final quarterly dividend of $0.34375 per Series 13
Share, for the period up to but excluding May 31, 2021, payable on
May 31, 2021 to shareholders of record on May 17, 2021. This would
be the final dividend on the Series 13 Shares and, as the
Redemption Date is also a dividend payment date, the Redemption
Price will not include any accrued and unpaid dividends. Subsequent
to the Redemption Date, the Series 13 Shares will cease to be
entitled to dividends and will be delisted from the Toronto Stock
Exchange.
Non-registered holders of Series 13 Shares
should contact their broker or other intermediary for information
regarding the redemption process for the Series 13 Shares in which
they hold a beneficial interest.
About TC Energy
We are a vital part of everyday life — delivering the energy
millions of people rely on to power their lives in a sustainable
way. Thanks to a safe, reliable network of natural gas and crude
oil pipelines, along with power generation and storage facilities,
wherever life happens — we’re there. Guided by our core values of
safety, responsibility, collaboration and integrity, our 7,500
people make a positive difference in the communities where we
operate across Canada, the United States and Mexico.
TC Energy’s common shares trade on the Toronto (TSX) and New
York (NYSE) stock exchanges under the symbol TRP.
FORWARD-LOOKING INFORMATION
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
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this news release are intended to provide TC Energy
security holders and potential investors with information regarding
TC Energy and its subsidiaries, including management's assessment
of TC Energy's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TC Energy's beliefs
and assumptions based on information available at the time the
statements were made and as such are not guarantees of future
events or performance. As actual events and results could vary
significantly from the forward-looking information, you should not
put undue reliance on forward-looking information and should not
use future-oriented information or financial outlooks for anything
other than their intended purpose. We do not update our
forward-looking information due to new information or future
events, unless we are required to by law. For additional
information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the most recent Quarterly Report to
Shareholders and Annual Report filed under TC Energy’s profile on
SEDAR at www.sedar.com and with the U.S. Securities and Exchange
Commission at www.sec.gov.
-30-
Media Enquiries:Jaimie Harding / Hejdi Carlsen
403-920-7859 or 800-608-7859
Investor & Analyst Inquiries: David Moneta
/ Hunter Mau 403-920-7911 or 800-361-6522
PDF
available: http://ml.globenewswire.com/Resource/Download/68750002-e2de-42c0-b3d0-29ca56c907b8
TC Energy (TSX:TRP)
Historical Stock Chart
From Mar 2024 to Apr 2024
TC Energy (TSX:TRP)
Historical Stock Chart
From Apr 2023 to Apr 2024