Dividend After The Split - FYI
TC Energy shareholders as of the record date of April 16, 2024 will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow common share. Shareholder dividends, on a pro forma combined basis, are expected to remain whole between TC Energy and South Bow following the spinoff Transaction.
Shareholder dividend expected to remain whole1
Expected dividend split to be:
- ~86% TC Energy
- ~14% South Bow
1 Dividends are at the discretion of the respective Board of Directors.
TC Energy shareholders as of the record date of April 16, 2024 will receive, in exchange for each TC Energy share, one new TC Energy share and 0.2 of a South Bow common share. Shareholder dividends, on a pro forma combined basis, are expected to remain whole between TC Energy and South Bow following the spinoff Transaction.
Shareholder dividend expected to remain whole1
Expected dividend split to be:
- ~86% TC Energy
- ~14% South Bow
1 Dividends are at the discretion of the respective Board of Directors.