TC Energy provides results of Series 9 Shares conversion elections
23 Oktober 2019 - 5:02PM
News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC
Energy) announced today that 173,386 of its 18,000,000 fixed rate
Cumulative Redeemable First Preferred Shares, Series 9 (Series 9
Shares) were deposited for conversion on October 30, 2019 on a
one-for-one basis into floating rate Cumulative Redeemable First
Preferred Shares, Series 10 (Series 10 Shares).
As previously announced in our news release dated September 18,
2019, the conversions are subject to the conditions that: (i) if TC
Energy determines that there would be less than one million Series
9 Shares outstanding after October 30, 2019, then all remaining
Series 9 Shares will automatically be converted into Series 10
Shares on a one-for-one basis on October 30, 2019 and (ii)
alternatively, if TC Energy determines that there would be less
than one million Series 10 Shares outstanding after October 30,
2019, no Series 9 Shares will be converted into Series 10
Shares.
As the total number of Series 9 Shares deposited for conversion
did not meet the threshold set out above, no Series 9 Shares will
be converted into Series 10 Shares on October 30, 2019.
For more information on the terms of and risks associated with
an investment in the Series 9 Shares and the Series 10 Shares,
please see our prospectus supplement dated January 13, 2014 which
is available on sedar.com or on our website.
TC Energy and its affiliates deliver the energy millions of
people rely on every day to power their lives and fuel industry.
Focused on what we do and how we do it, we are guided by core
values of safety, responsibility, collaboration and integrity. Our
more than 7,000 people are committed to sustainably developing and
operating pipeline, power generation and energy storage facilities
across Canada, the U.S. and Mexico. TC Energy’s common shares trade
on the Toronto (TSX) and New York (NYSE) stock exchanges under the
symbol TRP. Visit TCEnergy.com and connect with us on social media
to learn more.
FORWARD-LOOKING INFORMATIONThis 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 document 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 performance. As actual 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 Quarterly Report to Shareholders
dated July 31, 2019 and the 2018 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.
Media Enquiries:Jaimie Harding / Hejdi
Carlsen403.920.7859 or 800.608.7859
Investor & Analyst Enquiries:David Moneta /
Duane Alexander403.920.7911 or 800.361.6522
PDF
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