Latest news with #preferredshares
Globe and Mail
10 hours ago
- Business
- Globe and Mail
TC Energy provides results of Series 3 and Series 4 conversion elections
CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy or the Company) today announced that 104,778 of its 9,997,177 fixed rate Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) have been elected for conversion on June 30, 2025, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 4 (Series 4 Shares); and 1,822,829 of its 4,002,823 Series 4 Shares have been elected for conversion, on a one-for-one basis, into Series 3 Shares. As a result of the conversions, TC Energy will have 11,715,228 Series 3 Shares and 2,284,772 Series 4 Shares issued and outstanding. The Series 3 Shares and Series 4 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbols and respectively. The Series 3 Shares will pay on a quarterly basis for the five-year period beginning on June 30, 2025, as and when declared by the Board of Directors of TC Energy, a fixed dividend at an annualized rate of 4.102 per cent. The Series 4 Shares will pay a floating rate quarterly dividend for the five-year period beginning on June 30, 2025, as and when declared by the Board of Directors of TC Energy. The dividend rate for the Series 4 Shares for the first quarterly floating rate period commencing June 30, 2025 to but excluding Sept. 29, 2025 is 3.924 per cent and will be reset every quarter. Holders of Series 3 Shares and Series 4 Shares will have the opportunity to convert their shares again on July 2, 2030 (adjusted from June 30, 2030 to account for applicable business days) and on June 30 in every fifth year thereafter as long as the shares remain outstanding. For more information on the terms of, and risks associated with an investment in the Series 3 Shares and the Series 4 Shares, please see the prospectus supplement dated March 4, 2010 which is available on or on our website. About TC Energy We're a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Our extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to homes and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation. TC Energy's common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at FORWARD-LOOKING INFORMATION This release contains certain information that is forward-looking 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). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy's profile on SEDAR+ at and with the U.S. Securities and Exchange Commission at -30- Media Inquiries: Media Relations media@ 403-920-7859 or 800-608-7859 Investor & Analyst Inquiries: Gavin Wylie / Hunter Mau investor_relations@ 403-920-7911 or 800-361-6522 PDF available:
Globe and Mail
30-05-2025
- Business
- Globe and Mail
Pembina Pipeline Corporation Announces Redemption of Series 19 Preferred Shares
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Reset Class A Preferred Shares, Series 19 ("Series 19 Shares") (TSX: on June 30, 2025 (the "Redemption Date"). This press release features multimedia. View the full release here: Pembina intends to redeem all of its 8,000,000 issued and outstanding Series 19 Shares, in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017 on the Redemption Date for a redemption price equal to $25.00 per Series 19 Share (the "Redemption Price"), less any tax required to be deducted or withheld by the Company. The total redemption price to Pembina will be $200 million. As previously announced, the dividend payable on June 30, 2025, to holders of the Series 19 Shares of record on June 16, 2025, will be $0.292750 per Series 19 Share. This will be the final quarterly dividend on the Series 19 Shares. Upon payment of the June 30, 2025, dividend, there will be no accrued and unpaid dividends on the Series 19 Shares as at the Redemption Date. The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series 19 Shares in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017. For non-registered holders of Series 19 Shares, no further action is required however, they should contact their broker or other intermediary with any questions regarding the redemption process for the Series 19 Shares in which they hold a beneficial interest. The Company's transfer agent for the Series 19 Shares is Computershare Investor Services Inc. Questions regarding the redemption process may also be directed to Computershare at 1-800-564-6253 or by email to corporateactions@ About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Forward-Looking Information and Statements This news release contains certain forward-looking information and statements (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects", "estimate", "potential", "planned", "future", "outlook", "strategy", "project", "trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements relating to, without limitation, the timing, Redemption Price and process applicable to the redemption of the Series 19 Shares. The forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; the success of Pembina's operations; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; the ability of Pembina to maintain current credit ratings; the availability of capital to fund future capital requirements relating to existing assets and projects; future operating costs; geotechnical and integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2024 and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Although Pembina believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environment and decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and related commodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has entered into in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessary infrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditions in Canada, North America and worldwide; risks relating to inflation; the ability to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; and certain other risks and uncertainties detailed in Pembina's management's discussion and analysis and annual information form, each for the year ended December 31, 2024, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at
Globe and Mail
28-05-2025
- Business
- Globe and Mail
National Bank increases its common share dividend by 4 cents
MONTREAL , May 28, 2025 /CNW/ - National Bank of Canada's (TSX: NA) Board of Directors announces an increase of 4 cents per common share to $1 .18 per common share for the quarter ending July 31, 2025. This dividend is payable on August 1, 2025, to common shareholders of record on June 30, 2025. The Board of Directors also declares quarterly dividends on the following series of first preferred shares. The dividends of the series 30, 38, 40, and 42 first preferred shares are payable on August 15, 2025, to first preferred shareholders of record on July 7, 2025. As for the first preferred shares of series 47 and 49, these dividends are payable on July 31, 2025 to first preferred shareholders of record on July 24, 2025. Series Ticker symbol (TSX) Dividend number Dividends per share 30 No. 46 $0.3869375 38 No. 32 $0.4391875 40 No. 30 $0.363625 42 No. 28 $0.4410 47 No. 2 $0.3981875 49 No. 2 $0.4781875 The above-mentioned dividends on the common and preferred shares are designated as eligible dividends for the purposes of the Income Tax Act ( Canada ) and any similar applicable provincial legislation. Eligible shareholders may elect to have their cash dividend reinvested, free of charge, in common shares in accordance with the Bank's Dividend Reinvestment and Share Purchase Plan. For more information, please contact Computershare Trust Company of Canada at 1-888-838-1407. Beneficial or non-registered common and preferred shareholders must contact their financial institution or broker for instructions on how to participate in such Plan.
Globe and Mail
13-05-2025
- Business
- Globe and Mail
LAURENTIAN BANK OF CANADA DECLARES DIVIDEND ON ITS PREFERRED SHARES
, May 13, 2025 /CNW/ - The Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the " Bank") declared today a dividend of $0.38725 on the preferred shares Series 13, payable on June 15, 2025 (the " Payment Date"), that will be paid out on June 16, 2025 , the first business day after the Payment Date, to shareholders of record at the close of business on June 9, 2025 . The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act ( Canada ) and any similar provincial and territorial legislation. The preferred shares are eligible shares under the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan (the " Plan"). Consequently, the holders of such shares may elect to reinvest their dividends in newly issued common shares of the Bank. Such purchases will be made at the applicable investment price as defined in the Plan, less a discount of 2%, and no brokerage commissions or service charges of any kind will apply. In addition, holders of such shares are entitled to make monthly optional cash payments to purchase additional common shares in accordance with the terms of the Plan. For more information, please contact Computershare Trust Company of Canada by phone at 1-800-564-6253, by e-mail at service@ or by mail at 650 De Maisonneuve West, 7 th floor, Montreal, QC H3A 3T2. Beneficial or non-registered owners of common and preferred shares must contact their financial institution or broker for instructions on how to participate in the Plan. Registered holders who participate in the Plan who wish to terminate that participation so that cash dividends to which they are entitled to be paid on and after June 15, 2025 , are not reinvested in common shares under the Plan, must deliver written notice to Computershare Trust of Canada at the above address by no later than June 9, 2025 . Beneficial or non-registered holder who participate in the Plan and who wish to terminate their participation so that cash dividends to which they are entitled to be paid on and after June 15, 2025 , are not reinvested in common shares under the Plan must contact their financial institution or broker for instructions on how to terminate participation in the Plan in advance of June 9, 2025 . About Laurentian Bank Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians. With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States . Laurentian Bank manages $48.8 billion in balance sheet assets and $25.9 billion in assets under administration.
National Post
09-05-2025
- Business
- National Post
Algonquin Power & Utilities Corp. Declares Second Quarter 2025 Common Share Dividend of U.S.$0.0650 (C$0.0897), and Declares Second Quarter 2025 Preferred Share Dividends
Article content OAKVILLE, Ontario — Algonquin Power & Utilities Corp. ('AQN') (TSX: AQN, NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: Article content US$0.0650 per common share, payable on July 15, 2025, to the shareholders of record on June 30, 2025, for the period from April 1, 2025 to June 30, 2025. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0897. C$0.41100 per preferred share, Series A, payable in cash on June 30, 2025 to preferred share, Series A holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. C$0.42831 per preferred share, Series D, payable in cash on June 30, 2025 to preferred share, Series D holders of record on June 13, 2025, for the period from March 31, 2025 to, but excluding, June 30, 2025. Article content Each of the foregoing dividends will be paid in cash. Article content The quarterly dividends payable on common shares are declared in U.S. dollars. Beneficial shareholders (those who hold common shares through a financial intermediary) who are resident in Canada or the United States may request to receive their dividends in either U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held. Unless the Canadian dollar equivalent is requested, holders of common shares will receive dividends in U.S. dollars, which, as is often the case, the financial intermediary may convert to Canadian dollars. Registered holders of common shares receive dividend payments in the currency of residency. Registered holders of common shares may opt to change the payment currency by contacting TSX Trust Company at 1-800-387-0825 prior to the record date of the dividend. Article content The Canadian dollar equivalent of the quarterly common share dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date. Article content Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, AQN hereby notifies holders of common shares, preferred shares, Series A, and preferred shares, Series D that such dividends declared qualify as eligible dividends. Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Article content Article content Contacts Article content Investor Inquiries: Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. 354 Davis Road, Oakville, Ontario, L6J 2X1 E-mail: InvestorRelations@ Telephone: (905) 465-4500 Article content Article content
