TC Energy Halts Preferred Shares Conversion
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TC Energy Halts Preferred Shares Conversion

Tc Energy Corporation (TSE:TRP) has released an update.

TC Energy Corporation has announced that its Series 7 Shares will not be converted to Series 8 Shares due to not meeting the required threshold for conversion. Less than the minimum one million Series 7 Shares were tendered, halting the automatic conversion process set for April 30, 2024. This decision comes despite the company’s ongoing efforts to address the energy challenges of North America and generate sustainable returns for investors.

For further insights into TSE:TRP stock, check out TipRanks’ Stock Analysis page.


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