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TC Energy declares quarterly dividends Toronto Stock Exchange: TRP

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CALGARY, Alberta, February 18, 2021 (GLOBE NEWSWIRE) – Press Release TC Energy Corporation (TSX, NYSE: TRP) (TCEnergy or the Company) today announced that the Board of Directors (Board) of TC Energy has declared a quarterly dividend of $ 0.87 per common share for the quarter ending March 31, 2021 on the outstanding common shares of the Company. The dividend on the common shares is payable on April 30, 2021 to shareholders of record at the close of business on March 31, 2021.

The Board also declared quarterly dividends on the outstanding cumulative first preferred shares of the Company as follows:

  • For the period up to March 31, 2021, but excluding, payable on March 31, 2021 to shareholders of record at the close of business on March 1, 2021:
    • Series 1 (TRP.PR.A) – $ 0.2174375 per share
    • Series 2 (TRP.PR.F) – $ 0.12507155 per share
    • Series 3 (TRP.PR.B) – $ 0.105875 per share
    • Series 4 (TRP.PR.H) – $ 0.08562069 per share
  • For the period up to April 30, 2021, but excluding, payable on April 30, 2021 to shareholders of record at the close of business on March 31, 2021:
    • Series 5 (TRP.PR.C) – $ 0.1218125 per share
    • Series 6 (TRP.PR.I) $ 0.10202055 per share
    • Series 7 (TRP.PR.D) – $ 0.243938 per share
    • Series 9 (TRP.PR.E) – $ 0.235125 per share

These dividends are designated by TC Energy as eligible dividends for the purposes of Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Common shares purchased with cash dividends reinvested under TC Energys’ Dividend Reinvestment and Share Purchase Plan (DRP) will vest on the Toronto Stock Exchange at 100% of the weighted average purchase price. The DRP is available for dividends payable on common and preferred shares of TC Energys.

About TC Energy
We are a vital part of everyday life – providing the energy millions of people rely on to fuel their lives sustainably through a safe and reliable network of natural gas and crude oil pipelines, as well as electricity generation and storage facilities, where life is spent there. Guided by our core values ​​of safety, responsibility, collaboration and integrity, our 7,500 employees are making a positive difference in the communities where we operate in Canada, the United States and Mexico.

TC Energys’ common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To find out more, visit us atTCEnergy.com.

FORWARD-LOOKING INFORMATION
This press release contains certain forward-looking information and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). The forward-looking statements contained in this document are intended to provide security holders and potential investors of TC Energy with information about TC Energy and its subsidiaries, including management’s assessment of the future plans and financial prospects of TC Energy and of its subsidiaries. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on the information available at the time the statements were made and are therefore not guarantees of future performance. Since actual results may differ materially from forward-looking information, you should not place undue reliance on forward-looking information and should not use forward-looking information or financial outlook for any other purpose than intended. We do not update our forward-looking information as a result of new information or future events, except as required by law. For more information on the assumptions made, as well as on the risks and uncertainties that could cause actual results to differ from expected results, please refer to the latest quarterly report to shareholders and the annual report filed under the TC Energys profile. on SEDAR www.sedar.com and with the United States Securities and Exchange Commission at www.sec.gov.

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Media inquiries:
Jaimie Harding / Hejdi Carlsen
403.920.7859 or 800.608.7859

Investor and analyst inquiries:
David Moneta / Hunter Mau
403.920.7911 or 800.361.6522

PDF available:http://ml.globenewswire.com/Resource/Download/72e9f2d7-c87d-4c1a-b94c-12d0c299dc57

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