Market Overview

TC PipeLines, LP announces third quarter 2019 cash distribution

Share:

HOUSTON, Oct. 22, 2019 (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 third quarter 2019 cash distribution of $0.65 per common unit. The distribution is unchanged from the distributions declared for the first two quarters of 2019.

This cash distribution is the 82nd consecutive quarterly distribution paid by the Partnership and is payable on November 14, 2019 to common unitholders of record at the close of business on November 1, 2019.

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/de17ceed-1f46-4e22-a50d-afb74fe9f5c2

Primary Logo

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com