TC Energy provides results of Series 1 and Series 2 conversion elections
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TC Energy announced the results of conversion elections for its Series 1 and Series 2 preferred shares. A small number of Series 1 shares will convert to Series 2, while a significant portion of Series 2 shares will convert to Series 1.

December 23, 2024 | 12:45 pm
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TC Energy's announcement of conversion results for its Series 1 and Series 2 preferred shares indicates a significant shift from Series 2 to Series 1 shares, which may affect the company's capital structure and investor preferences.
The conversion results show a significant number of Series 2 shares converting to Series 1, which could indicate investor preference for fixed-rate over floating-rate shares. This may affect the company's capital structure and investor sentiment, but the overall impact on the stock price is likely neutral in the short term as it primarily affects preferred shares rather than common stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80