TC Energy sets new dividend rates for preferred shares

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TC Energy provides conversion right and dividend rate notice for Series 5 and 6 preferred shares

December 31, 2025 5:00 PM EST

CALGARY, Alberta, Dec. 31, 2025 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX: TRP) (NYSE: TRP) (TC Energy) today announced that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) and Cumulative Redeemable First Preferred Shares, Series 6 (Series 6 Shares) on Jan. 30, 2026. As a result, subject to certain conditions:

(a) the holders of Series 5 Shares have the right to choose one of the following options with regard to their shares:

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