Core Viewpoint - TC Energy Corporation will not redeem its Cumulative Redeemable First Preferred Shares, Series 5 and Series 6 on January 30, 2026, allowing shareholders to choose between retaining their shares or converting them to the other series with different dividend rates [1][2][3]. Summary by Category Dividend Rates - Holders of Series 5 Shares can retain their shares to receive a fixed annual dividend rate of 4.501% for the five-year period from January 30, 2026, to January 30, 2031 [2]. - Holders of Series 6 Shares can retain their shares to receive a floating quarterly dividend rate of 3.732% for the three-month period from January 30, 2026, to April 30, 2026, with the rate reset every quarter [3]. Conversion Options - Series 5 Shareholders can convert their shares to Series 6 Shares and receive the floating quarterly dividend rate of 3.732% [2][7]. - Series 6 Shareholders can convert their shares to Series 5 Shares and receive the fixed quarterly dividend rate of 4.501% [3][7]. Conversion Deadline - Beneficial owners must communicate with their broker to exercise their conversion rights by 5 p.m. ET on January 16, 2026, to ensure their requests are valid [4]. - Those who do not provide notice by the deadline will retain their respective shares and receive the applicable new dividend rate [5]. Automatic Conversions - If TC Energy determines that there would be less than one million Series 5 Shares or Series 6 Shares outstanding after January 30, 2026, all remaining shares will be automatically converted into the other series on a one-for-one basis [6]. Future Conversion Opportunities - Holders of Series 5 and Series 6 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 [8]. Company Overview - TC Energy is a leader in North American energy infrastructure, connecting the world to cleaner-burning natural gas and generating affordable, reliable, and sustainable power across North America [9][10].

Core Viewpoint - Capital Power Corporation has announced the conversion privilege and dividend rate for its Cumulative Rate Reset Preference Shares, Series 1, allowing shareholders to convert to Cumulative Floating Rate Preference Shares, Series 2, during a specified election period [1][2]. Summary by Sections Conversion Details - The election period for converting Series 1 Shares to Series 2 Shares is from December 1, 2025, to December 16, 2025, at 5:00 p.m. Toronto time [2]. - If no election notice is received by the deadline, holders will not convert their shares, except in cases of automatic conversion [3]. Dividend Rates - The fixed annual dividend rate for Series 1 Shares is set at 4.95800% for the period from December 31, 2025, to December 31, 2030 [4]. - The floating quarterly dividend rate for Series 2 Shares is set at 1.08197% for the first quarterly period from December 31, 2025, to March 31, 2026, and will be reset quarterly thereafter [4]. Shareholder Information - Series 1 Shares are issued in "book entry only" form, with CDS Clearing and Depository Services Inc. as the sole registered holder [5]. - Beneficial holders must contact their brokers to exercise conversion rights before the deadline [5]. Automatic Conversion - An automatic conversion will occur if fewer than 1,000,000 Series 1 Shares remain outstanding after the election period, converting them to Series 2 Shares on a one-for-one basis [6]. - Currently, there are 5,000,000 Series 1 Shares outstanding [6]. Listing Information - The Toronto Stock Exchange has conditionally approved the listing of Series 2 Shares, which will be listed under the trading symbol CPX.PR.B upon conversion [7]. Company Overview - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities in North America, focusing on reliable and affordable power delivery and lower-carbon power systems [11].

Core Viewpoint - TC Energy Corporation will not redeem its Cumulative Redeemable First Preferred Shares, Series 3 and Series 4 on June 30, 2025, allowing shareholders to choose between retaining their shares or converting them to the other series with different dividend rates [1][2]. Summary by Category Dividend Rates - Holders of Series 3 Shares can retain their shares and receive a fixed annual dividend rate of 4.102% for the period from June 30, 2025, to July 2, 2030 [1]. - Holders of Series 4 Shares can retain their shares and receive a floating quarterly dividend rate of 3.924% for the three-month period starting June 30, 2025, with the rate reset every quarter [2]. Conversion Options - Series 3 Shareholders can convert their shares to Series 4 Shares and receive the floating quarterly dividend rate of 3.924% [1]. - Series 4 Shareholders can convert their shares to Series 3 Shares and receive the fixed quarterly dividend rate of 4.102% [2]. Conversion Process - Beneficial owners must communicate with their broker by 5 p.m. (EST) on June 16, 2025, to exercise their conversion rights [3]. - If no notice is provided by the deadline, shareholders will retain their respective shares and receive the applicable new dividend rate [4]. Conditions for Conversion - If TC Energy determines that there will be less than one million Series 3 Shares outstanding after June 30, 2025, all remaining Series 3 Shares will convert to Series 4 Shares on a one-for-one basis [5]. - Conversely, if there are less than one million Series 4 Shares outstanding, all remaining Series 4 Shares will convert to Series 3 Shares on a one-for-one basis [5]. Future Conversion Opportunities - Holders of Series 3 and Series 4 Shares will have the opportunity to convert their shares again on July 2, 2030, and every five years thereafter as long as the shares remain outstanding [6].