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TCP - TC PipeLines LP News Story

$34.24 0.8  2.5%

Last Trade - 13/08/20

Market Cap £1.92bn
Enterprise Value £3.46bn
Revenue £300.8m
Position in Universe 1639th / 6381

TC PipeLines, LP announces fourth quarter 2019 cash distribution

Tue 21st January, 2020 9:15pm
TC PipeLines, LP announces fourth quarter 2019 cash distribution

HOUSTON, Jan. 21, 2020 (GLOBE NEWSWIRE) -- TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s fourth quarter 2019 cash distribution of $0.65 per common unit. The distribution is unchanged from the distributions declared for the previous three quarters of 2019.

This cash distribution is the 83rd consecutive quarterly distribution paid by the Partnership and is payable on February 14, 2020 to unitholders of record at the close of business on January 31, 2020.

About TC PipeLines, LP

TC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated U.S. interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeastern United States. The Partnership is managed by its general partner, TC PipeLines GP, Inc., a subsidiary of TC Energy Corporation (NYSE: TRP). For more information about TC PipeLines, LP, visit the Partnership’s website at www.tcpipelineslp.com.

This release serves as qualified notice to nominees under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of TC PipeLines, LP's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees are treated as the withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Media Enquiries:                                                                                                                     
Hejdi Carlsen / Jaimie Harding
403.920.7859 or 800.608.7859                                                                                                   

Unitholder and Analyst Enquiries:       
Rhonda Amundson                               
877.290.2772                                                                                                                                       
investor_relations@tcpipelineslp.com

PDF available: http://ml.globenewswire.com/Resource/Download/4ca794cf-48e8-426a-96de-8584ad41922a

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