TC Energy provides conversion right and dividend rate notice for Series 1 and 2 preferred shares
Portfolio Pulse from
TC Energy announced it will not redeem its Series 1 and Series 2 preferred shares on December 31, 2024, allowing shareholders to convert their shares under certain conditions.
December 02, 2024 | 10:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
TC Energy will not redeem its Series 1 and Series 2 preferred shares on December 31, 2024, allowing shareholders to convert their shares under certain conditions.
The decision not to redeem the preferred shares means that investors holding these shares have the option to convert them, which could affect their investment strategy. However, this does not directly impact the common stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80