TransCanada announces conversion of shares

TransCanada Corporation (TransCanada) has announced that 1 284 609 of its 14 000 000 fixed rate cumulative redeemable first preferred shares, Series 5 (Series 5 shares) have been elected for conversion on a one-for-one basis, into floating rate cumulative redeemable first preferred shares, Series 6 (Series 6 Shares) effective on 1 February 2016.

As a result, on 1 February 2016, TransCanada will have 12 715 391 Series 5 shares and 1 284 609 Series 6 shares issued and outstanding.

The Series 5 shares and Series 6 shares will be listed on the Toronto Stock Exchange under the symbols TRP.PR.C and TRP.PR.I, respectively.

Edited from source by Stephanie Roker