CALGARY, Alberta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX, NYSE: TRP)
(TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of
$0.69 per common share for the quarter ending December 31, 2018, on the Company’s outstanding common shares. The common share
dividend is payable on January 31, 2019 to shareholders of record at the close of business on December 31, 2018.
The Board also declared quarterly dividends on the outstanding Cumulative First Preferred Shares as follows:
- For the period up to but excluding December 31, 2018, payable on December 31, 2018, to shareholders of record at the close of
business on November 30, 2018:
- Series 1 - $0.204125 per share
- Series 2 - $0.22077123 per share
- Series 3 - $0.1345 per share
- Series 4 - $0.17956575 per share
- For the period up to but excluding January 30, 2019, payable on January 30, 2019, to shareholders of record at the close of
business on December 31, 2018:
- Series 5 - $0.14143750 per share
- Series 6 - $0.19446027 per share
- Series 7 - $0.25 per share
- Series 9 - $0.265625 per share
- For the period up to but excluding November 30, 2018, payable on November 30, 2018, to shareholders of record at the close of
business on November 15, 2018:
- Series 11 - $0.2375 per share
- Series 13 - $0.34375 per share
- Series 15 - $0.30625 per share
These dividends are designated by TransCanada to be eligible dividends for purposes of the Income Tax Act (Canada) and
any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian
residents.
The Board also approved the issuance of common shares from treasury at a two per cent discount under TransCanada’s Dividend
Reinvestment Plan (DRP). Under the DRP, investors holding TransCanada common or preferred shares can receive common shares instead
of cash dividend payments. For further details, including how to enroll in the program, please refer to TransCanada.com/Dividends.
With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation
of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities.
TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles),
tapping into virtually all major gas supply basins in North America. TransCanada is a leading provider of gas storage and related
services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has
interests in approximately 5,700 megawatts of power generation in Canada and the United States. TransCanada is also the developer
and operator of one of North America’s leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles),
connecting growing continental oil supplies to key markets and refineries. TransCanada’s common shares trade on the Toronto and New
York stock exchanges under the symbol TRP. Visit TransCanada.com to learn more, or connect with us on social
media.
FORWARD-LOOKING INFORMATION
This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such
statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate",
"intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders
and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of
TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of
future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the
date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than
their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required
by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to
differ from the anticipated results, refer to the Quarterly Report to Shareholders dated October 31, 2018 and 2017 Annual Report
filed under TransCanada's profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.
Media Inquiries:
Grady Semmens
403.920.7859 or 800.608.7859
TransCanada Investor & Analyst Inquiries:
David Moneta / Duane Alexander
403.920.7911 or 800.361.6522
