TC Power declares quarterly dividends

Article content material

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Information Launch – TC Power Company (TSX, NYSE: TRP) (TC Power or the Firm) as we speak introduced that its Board of Administrators (Board) declared a quarterly dividend of $0.8225 per widespread share for the quarter ending Dec. 31, 2024, on the Firm’s excellent widespread shares. The dividend declared displays TC Power’s proportionate allocation following the spinoff Transaction. The widespread share dividend is payable on Jan. 31, 2025, to shareholders of document on the shut of enterprise on Dec. 31, 2024.

Article content material

The Board additionally declared quarterly dividends on the excellent Cumulative First Most well-liked Shares as follows:

• For the interval as much as however excluding Dec. 31, 2024, payable on Dec. 31, 2024, to shareholders of document on the shut of enterprise on Dec. 2, 2024:
  • Collection 1 (TRP.PR.A) – $0.2174375 per share
  • Collection 2 (TRP.PR.F) – $0.3974556 per share
  • Collection 3 (TRP.PR.B) – $0.105875 per share
  • Collection 4 (TRP.PR.H) – $0.3559255 per share
• For the interval as much as however excluding Jan. 30, 2025, payable on Jan. 30, 2025, to shareholders of document on the shut of enterprise on Dec. 31, 2024:
  • Collection 5 (TRP.PR.C) – $0.1218125 per share
  • Collection 6 (TRP.PR.I) – $0.3471219 per share
  • Collection 7 (TRP.PR.D) – $0.3740625 per share
  • Collection 9 (TRP.PR.E) – $0.3175 per share
  • Collection 10 (TRP.PR.L) – $0.3980675 per share

• For the interval as much as however excluding Nov. 29, 2024, payable on Nov. 29, 2024, to shareholders of document on the shut of enterprise on Nov. 15, 2024:
  • Collection 11 (TRP.PR.G) – $0.2094375 per share

• For the interval as much as however excluding Feb. 28, 2025, payable on Feb. 28, 2025, to shareholders of document on the shut of enterprise on Jan. 31, 2025:
  • Collection 11 (TRP.PR.G) – $0.2094375 per share

Article content material

Article content material

These dividends are designated by TC Power to be eligible dividends for functions of the Revenue Tax Act (Canada) and any related provincial or territorial laws. An enhanced dividend tax credit score applies to eligible dividends paid to Canadian residents.

Frequent shares bought with reinvested money dividends underneath TC Power’s Dividend Reinvestment and Share Buy Plan (DRP) will probably be acquired on the Toronto Inventory Trade at 100 per cent of the weighted common buy worth. The DRP is offered for dividends payable on TC Power’s widespread and most well-liked shares.

About TC Power
We’re a workforce of seven,000+ power drawback solvers working to securely transfer, generate and retailer the power North America depends on. At present, we’re delivering options to the world’s hardest power challenges – from innovating to ship the pure gasoline that feeds LNG to international markets, to working to cut back emissions from our property, to partnering with our neighbours, prospects and governments to construct the power system of the longer term. It’s all a part of how we proceed to ship sustainable returns for our traders and create worth for communities.

Article content material

TC Power’s widespread shares commerce on the Toronto (TSX) and New York (NYSE) inventory exchanges underneath the image TRP. To study extra, go to us at TCEnergy.com.

FORWARD-LOOKING INFORMATION
This launch incorporates sure data that’s forward-looking and is topic to essential dangers and uncertainties (such statements are often accompanied by phrases akin to “anticipate”, “anticipate”, “imagine”, “could”, “will”, “ought to”, “estimate”, “intend” or different related phrases). Ahead-looking statements on this doc are supposed to supply TC Power safety holders and potential traders with data relating to TC Power and its subsidiaries, together with administration’s evaluation of TC Power’s and its subsidiaries’ future plans and monetary outlook. All forward-looking statements mirror TC Power’s beliefs and assumptions primarily based on data accessible on the time the statements have been made and as such should not ensures of future efficiency. As precise outcomes might fluctuate considerably from the forward-looking data, you shouldn’t put undue reliance on forward-looking data and shouldn’t use future-oriented data or monetary outlooks for something aside from their supposed function. We don’t replace our forward-looking data attributable to new data or future occasions, except we’re required to by legislation. For extra data on the assumptions made, and the dangers and uncertainties which might trigger precise outcomes to vary from the anticipated outcomes, check with the newest Quarterly Report back to Shareholders and Annual Report filed underneath TC Power’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Trade Fee at www.sec.gov.

-30-

Media Inquiries:
Media Relations
media@tcenergy.com

403-920-7859 or 800-608-7859

Investor & Analyst Inquiries:
Gavin Wylie / Hunter Mau
investor_relations@tcenergy.com
403-920-7911 or 800-361-6522

PDF accessible: http://ml.globenewswire.com/Useful resource/Obtain/756c35f5-c00f-44a9-8a9f-0dcb47392f3f

Article content material