Bank of Montreal updates 3.38% TC Energy (TRP) stake in amended 13G
Rhea-AI Filing Summary
TC Energy Corp received an updated ownership report showing that Bank of Montreal and affiliated entities beneficially own 35,221,997 common shares, representing 3.38% of the class as of June 30, 2026. The filing is Amendment No. 5 to a passive ownership report.
Bank of Montreal has 34,938,289 shares with sole voting power and 106,434 shares with shared voting power. It also has sole dispositive power over 35,114,383 shares and shared dispositive power over 106,434 shares, reported across multiple BMO subsidiaries and affiliates.
Positive
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Negative
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Key Figures
Beneficial ownership: 35,221,997 shares
Percent of class: 3.38 %
Sole voting power (Bank of Montreal): 34,938,289 shares
+4 more
7 metrics
Beneficial ownership
35,221,997 shares
Common shares of TC Energy beneficially owned by Bank of Montreal and affiliates
Percent of class
3.38 %
Percentage of TC Energy common shares beneficially owned
Sole voting power (Bank of Montreal)
34,938,289 shares
Shares over which Bank of Montreal has sole power to vote
Shared voting power (Bank of Montreal)
106,434 shares
Shares over which Bank of Montreal has shared power to vote
Sole dispositive power (Bank of Montreal)
35,114,383 shares
Shares over which Bank of Montreal has sole power to dispose
Sole voting power (BMO Asset Management Inc.)
14,534,783 shares
Voting power held by BMO Asset Management Inc. in TC Energy
Sole voting power (BMO Private Investment Counsel Inc.)
2,711,862 shares
Voting power held by BMO Private Investment Counsel Inc. in TC Energy
Key Terms
beneficially owned, sole voting power, shared voting power, sole dispositive power, +2 more
6 terms
beneficially owned financial
"Amount beneficially owned: 35,221,997"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole voting power financial
"Sole Voting Power 34,938,289.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 35,114,383.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What ownership stake in TC Energy (TRP) does Bank of Montreal report in this Schedule 13G/A?
Bank of Montreal and affiliates report beneficial ownership of 35,221,997 TC Energy common shares, or 3.38% of the class. This reflects their aggregate holdings as of June 30, 2026, reported on Amendment No. 5 to their passive ownership statement.
Which BMO subsidiaries are included in the TC Energy (TRP) Schedule 13G/A filing?
The filing covers Bank of Montreal and entities such as BMO Nesbitt Burns Inc., BMO Asset Management Inc., BMO Private Investment Counsel Inc., BMO Bank N.A., and others. Their combined positions form the reported 35,221,997 shares beneficially owned.
Is Bank of Montreal classified as part of a group regarding TC Energy (TRP) under this filing?
Each reporting person may be deemed part of a group for Section 13 purposes, but they expressly disclaim being a group or acting in concert. The statement clarifies that the filing should not be construed as an admission of group status.