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.
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visit www.spdji.com
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