Series 6
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TC Energy provides conversion right and dividend rate notice for Series 5 and 6 preferred shares
Globenewswire· 2025-12-31 22:00
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].
First Solar(FSLR) - 2023 Q2 - Earnings Call Presentation
2023-07-27 20:46
First Solar Q2'23 Earnings Call July 27, 2023 | Important Information Cautionary Note Regarding Forward Looking Statements This presentation contains forward-looking statements which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this presentation, other than statements of historical fact, are forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning: demand for our technology, o ...