TSX:TRPOil and Gas
Does TC Energy’s (TSX:TRP) Preferred Share Simplification Clarify Its Long-Term Income Story?
TC Energy recently completed the automatic conversion of all its floating-rate Series 6 preferred shares into fixed-rate Series 5 shares, leaving 14,000,000 Series 5 shares outstanding on the TSX and locking in a 4.501% annual dividend rate for five years from January 30, 2026.
This move simplifies TC Energy’s preferred share structure and offers income-focused investors clearer visibility on cash flows and dividend terms over the medium term.
We’ll now examine how locking in a fixed 4.501%...

