TORONTO, Sept. 25, 2024 /CNW/ - Effective on the open of trading October 2, 2024, TC Energy Corporation (TSX: TRP) will separate its liquids pipelines business via a stock dividend of shares in the newly formed company, South Bow Corporation. As a result, TC Energy Corporation shareholders will receive 0.2 new share of South Bow for every share of TC Energy held. This security will be added to all S&P DJI indices where TC Energy is a constituent. South Bow shares are expected to trade under the ticker symbol "SOBO", and TC Energy will maintain ticker symbol "TRP".
For index purposes, TC Energy and South Bow will have a Canadian domicile and no GICS change.
Prior to the open of trading on October 3, 2024, South Bow (TSX:SOBO) will be removed from the S&P/TSX 60 Index and all ineligible indices and will be added to the S&P/TSX Completion Index. Clients should consult individual index files for index specific treatment.
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
SOURCE S&P Dow Jones Indices LLC.
View original content: http://www.newswire.ca/en/releases/archive/September2024/25/c5465.html