TC Energy outlined the outcome of shareholder elections to convert its Cumulative Redeemable First Preferred Shares, Series 5 and Series 6. Holders elected to convert 109,800 of 12,070,593 Series 5 Shares into floating-rate Series 6 Shares and 1,089,726 of 1,929,407 Series 6 Shares into Series 5 Shares on a one-for-one basis as of Jan. 30, 2026.
Because this would have left fewer than one million Series 6 Shares outstanding, the company applied terms in its June 17, 2010 prospectus so that no Series 5 Shares will be converted, and all remaining Series 6 Shares will instead be converted into Series 5 Shares. After this automatic conversion, TC Energy will have 14,000,000 Series 5 Shares outstanding, listed on the TSX as TRP.PR.C, while Series 6 Shares will be delisted.
The Series 5 Shares will pay a fixed dividend of 4.501 per cent annually, paid quarterly, for the five-year period beginning Jan. 30, 2026, subject to Board declaration. Holders of Series 5 Shares will again have a chance to convert between fixed and floating structures on Jan. 30, 2031 and every fifth year after that as long as the shares remain outstanding.
Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 86,902,668.04 common shares of TC Energy Corporation (TRP), representing 8.4% of the class as of 09/30/2025.
The filers report 0.00 sole voting and dispositive power, and 86,898,145.04 shared voting power with 86,898,387.04 shared dispositive power. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
TC Energy Corporation and its wholly owned subsidiary TransCanada PipeLines Limited filed a Form 6-K that mainly forwards TC Energy’s latest quarterly reporting materials. The submission furnishes TC Energy’s Management’s Discussion and Analysis of Financial Condition and Results of Operations and consolidated comparative interim unaudited financial statements for the period ended September 30, 2025.
The filing also includes CEO and CFO certifications under Sections 302 and 906 of the Sarbanes-Oxley Act and a November 6, 2025 news release. Certain exhibits are expressly incorporated by reference into existing TC Energy registration statements on Forms S-8, F-3 and F-10, while others are furnished but not incorporated. The note explains that TransCanada PipeLines relies on TC Energy’s continuous disclosure under Canadian exemptive relief, so the information provided is that of TC Energy.