TC PipeLines, LP announces fourth quarter 2020 cash distribution
/EIN News/ HOUSTON, Jan. 19, 2021 (GLOBE NEWSWIRE) TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s fourth quarter 2020 cash distribution of $0.65 per common unit. The distribution is unchanged from the distribution declared for the three preceding quarters of 2020.
This cash distribution is the 87
th consecutive quarterly distribution paid by the Partnership and is payable on February 12, 2021 to unitholders of record at the close of business on January 29, 2021.
About TC PipeLines, LP
TC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated U.S. interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeastern United States. The Partnership is managed by its general partner, TC PipeLines GP, Inc., a subsidiary of TC
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HOUSTON, Dec. 15, 2020 (GLOBE NEWSWIRE) TC PipeLines, LP (NYSE:TCP) (TCP or the Partnership) today announced it has entered into a definitive agreement and plan of merger pursuant to which TC Energy Corporation ((TSX, NYSE:TRP) (TC Energy) will acquire all the outstanding common units of TCP not beneficially owned by TC Energy or its affiliates in exchange for TC Energy common shares. Pursuant to the agreement, TCP common unitholders would receive 0.70 common shares of TC Energy for each issued and outstanding publicly-held TCP common unit. This represents a 19.5 per cent premium to the TCP closing price before the original offer as of October 2, 2020.