TransCanada Corp. (NYSE: TRP; TO: TRP) reported TransCanada PipeLines Ltd. authorized the redemption of all the company's 4 million outstanding 5.60 per cent cumulative redeemable first preferred shares series U on Oct. 15.
The series U shares will be redeemed at $50 per share plus $0.5907 representing accrued and unpaid dividends to such redemption date. The total face value of the outstanding series U shares is $200 million and they carry an aggregate of $11.2 million in annualized dividends.
The redemption of the series U shares will be administered by Computershare Trust Co. of Canada. The series U shares trade on the Toronto Stock Exchange under the symbol TCA.Pr.X.
TransCanada Corp. operates as an energy infrastructure company in North America. The company is headquartered in Calgary.
Recommended Reading
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Galp Seeks to Sell Stake in Namibia Oilfield After Discovery, Sources Say
2024-04-22 - Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
Deepwater Roundup 2024: Offshore Africa
2024-04-02 - Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
Deepwater Roundup 2024: Offshore Europe, Middle East
2024-04-16 - Part three of Hart Energy’s 2024 Deepwater Roundup takes a look at Europe and the Middle East. Aphrodite, Cyprus’ first offshore project looks to come online in 2027 and Phase 2 of TPAO-operated Sakarya Field looks to come onstream the following year.