Core Points - TC Energy Corporation announced the conversion of 104,778 Series 3 Shares into Series 4 Shares and 1,822,829 Series 4 Shares into Series 3 Shares, effective June 30, 2025 [1][2] - Following the conversions, TC Energy will have 11,715,228 Series 3 Shares and 2,284,772 Series 4 Shares outstanding, both listed on the Toronto Stock Exchange [2] - Series 3 Shares will pay a fixed dividend of 4.102% annually for five years starting June 30, 2025, while Series 4 Shares will pay a floating dividend starting at 3.924% for the first quarter [2][3] - Shareholders will have the option to convert their shares again on July 2, 2030, and every five years thereafter [4] Company Overview - TC Energy operates a vast network of natural gas infrastructure and is involved in energy generation and storage, serving homes and businesses in North America and globally through LNG exports [5] - The company's common shares are traded on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol TRP [6]