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Primary Symbol: T.TRP Alternate Symbol(s): T.TRP.PR.A | TCEYF | T.TRP.PR.B | T.TRP.PR.C | TCANF | T.TRP.PR.D | TRPPF | T.TRP.PR.E | TRPRF | T.TRP.PR.F | TNCAF | T.TRP.PR.G | TCNCF | T.TRP.PR.H | TCENF | T.TRP.PR.I | TRP | T.TRP.PR.L

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TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The... see more

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TC Energy Corp > Got my SOBO shares

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Post by Ariahp on Oct 04, 2024 12:25am

Got my SOBO shares

I just checked my account. Got 4,348 shares in 6 different accounts,of SOBO showing a cost of 00.00. Dividend also not showing anything

I am with BMO Investorline

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Comment by dileas48s on Oct 04, 2024 5:46am

Did you receive cash for the partial shares that did not covert? For instance, in one account I had 128 shares of TRP. I was expecting 25 shares of SOBO (128/5 = 25.6), plus 0.6 x $29.51 ($17.70). I can double check, but I was certain there would be cash in lieu of partial shares. Anyone else get the cash component? I'm with Scotia iTrade BTW.

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Comment by Ariahp on Oct 04, 2024 10:00am

A further comment on the share i got. The cost is showing as ZERO. so the entire amount is a CAPITAL GAIN. If I Sell the 4,348 SOBO shares at say $30 that is a capital gain of $130,440. Something is wrong here. I have phoned BMO Investorline and they are going to look into it.

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Comment by nedstar71 on Oct 04, 2024 10:16am

If you had sold your TRP shares at 65+ you would have had a similar capital gain from today's price. If you don't want the capital gain don't sell.

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Comment by Ariahp on Oct 04, 2024 10:23am

An update Of my 6 accounts with SOBO Shares, 5 of them show a cost base of $29.51. ...so far so good. My BIG Joint account shows cost as Zero. Phoned, BMO Investorline......they will fix it. GLTA PS: On another note, TRP Is treanding upwards $60.40 as I write this comment. IT will reach heights never seen b4.......I am hoping.

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Comment by dileas48s on Oct 04, 2024 10:31am

My cost basis for SOBO with iTrade shows as $29.51. Not sure how they got that number - I had thought it would be $30. The closing price of the 2nd might have made sense but then it should have been $29.25. Ultimately, I'm not too fussed about it as all my TRP shares were in registered accounts. I'll also point out that my cost basis for TRP did not get reduced - also ...more

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Comment by Aminvestor1234 on Oct 04, 2024 12:50pm

The value of the SOBO shares that you received would be taxed as dividend. That value wil become the ACB of your SOBO shares as well. I don't know exactly what that value is. Hopefully it will be shown on your account statement. And your bank will also send you a T3 information slip next year showing exactly how much you have to report as dividend income.

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