TC Energy provides results of Series 5 and Series 6 conversion elections

Core Viewpoint - TC Energy Corporation announced a conversion of its preferred shares, with significant changes in the outstanding shares of Series 5 and Series 6, impacting the company's capital structure and dividend payments [1][2][3]. Share Conversion Details - 109,800 of the 12,070,593 Series 5 Shares will convert to Series 6 Shares, while 1,089,726 of the 1,929,407 Series 6 Shares will convert to Series 5 Shares on January 30, 2026 [1][2]. - Following the conversions, there will be 14,000,000 Series 5 Shares outstanding, which will continue to be listed on the Toronto Stock Exchange under the symbol TRP.PR.C [3]. Dividend Information - The Series 5 Shares will pay a fixed dividend at an annualized rate of 4.501% on a quarterly basis for a five-year period starting January 30, 2026 [4]. Future Conversion Opportunities - Holders of Series 5 Shares will have the opportunity to convert their shares again on January 30, 2031, and every fifth year thereafter as long as the shares remain outstanding [5]. Company Overview - TC Energy is a leader in North American energy infrastructure, operating across Canada, the U.S., and Mexico, and is responsible for moving over 30% of the continent's cleaner-burning natural gas [6]. - The company focuses on strategic ownership and low-risk investments in power generation, contributing to affordable and sustainable energy across North America [6].