TC PipeLines, LP announces second quarter 2020 cash distribution
July 23 2020 - 4:15PM
News Release – 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 second
quarter 2020 cash distribution of $0.65 per common unit. The
distribution is unchanged from the distribution declared for the
first quarter of 2020.
This cash distribution is the 85th consecutive quarterly
distribution paid by the Partnership and is payable on August 14,
2020 to unitholders of record at the close of business on August 3,
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). Nominees,
including Brokers, should treat 100 percent of TC PipeLines, LP's
distributions to non-U.S. investors as being attributable to income
that is effectively connected with a United States trade or
business. Accordingly, all of the Partnership's distributions to
non-U.S. 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 non-U.S. investors.
-30-
Media Inquiries:
Hejdi Carlsen / Jaimie Harding403.920.7859 or
800.608.7859
Unitholder and Analyst Inquiries:
Rhonda Amundson
877.290.2772
investor_relations@tcpipelineslp.com
PDF
available: http://ml.globenewswire.com/Resource/Download/90b11e9b-0c8b-4581-a403-d416fbc9bae8
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